Penna Consulting PLC Form 8 (OPD) - Penna Consulting plc (9949S)
March 23 2016 - 2:01AM
UK Regulatory
TIDMPNA
RNS Number : 9949S
Penna Consulting PLC
23 March 2016
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Penna Consulting plc
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(b) Owner or controller of interests and short positions disclosed, if different from 1(a): N/A
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named.
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Penna Consulting plc
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEREE
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(e) Date position held: 22 March 2016
The latest practicable date prior to the disclosure
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(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect N/A
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
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2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security: Ordinary shares of 5p each (held in treasury)
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Interests Short positions
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Number % Number %
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(1) Relevant securities owned and/or controlled: 148,099 0.57 N/A -
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(2) Cash-settled derivatives: N/A - N/A -
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(3) Stock-settled derivatives (including options) and N/A - N/A -
agreements to purchase/sell:
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TOTAL: 148,099 0.57 N/A -
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All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: N/A
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Details, including nature of the rights concerned and relevant percentages: N/A
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3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and
other employee options) of any person acting in concert with the party to the offer making
the disclosure:
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The Directors of Penna Consulting PLC (the "Company") have the following interests in the
Company:
Name of Director Number of ordinary % of issued share
shares of 5p each capital (excluding
treasury shares)
Stephen Rowlinson 7,698,040 29.7
Gary Browning 61,727 0.2
David Firth 20,463 0.1
Graham Paton 20,000 0.1
Leslie Ferrar 5,000 0.0
Julie Towers 11,820 0.1
Bev White 15,436 0.1
Penny de Valk - -
The Directors of the Company have the following interests in options over ordinary shares
in the Company:
Number of
ordinary Exercise
shares to Price Earliest
which options (in date of Date of
Name of Director relate GBP) exercise expiry
18 July 18 July
Gary Browning 380,000 1.00 2010 2017
18 July 18 July
100,000 1.00 2010 2017
23 June 22 June
600,000 1.24 2017 2024
17 March 16 March
120,000 1.39 2018 2025
18 July 18 July
David Firth 200,000 1.00 2010 2017
18 July 18 July
100,000 1.00 2010 2017
23 June 22 June
300,000 1.24 2017 2024
26 September 26 September
Julie Towers 200,000 1.00 2013 2021
23 June 22 June
100,000 1.24 2017 2024
18 July 18 July
Bev White 200,000 1.00 2010 2017
18 July 18 July
100,000 1.00 2010 2017
23 June 22 June
100,000 1.24 2017 2024
23 June 22 June
Penny de Valk 100,000 1.24 2017 2024
Apart from the interests disclosed above, no Directors hold interests in the share capital
or loan stock of the Company or other Group companies.
In addition to the above, 467,974 ordinary shares in total are held by the Penna Consulting
2001 Employee Benefit Trust.
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Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal
or informal, relating to relevant securities which may be an inducement to deal or refrain
from dealing entered into by the party to the offer making the disclosure or any person acting
in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party
to the offer making the disclosure, or any person acting in concert with it, and any other
person relating to:
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