Cavendish Securities PLC Form 8.5 (EPT/NON-RI) (9674P)
October 12 2023 - 7:27AM
UK Regulatory
TIDMRHM
RNS Number : 9674P
Cavendish Securities PLC
12 October 2023
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI")
STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: Cavendish Securities Plc
(b) Name of offeror/offeree in relation to whose relevant securities this Round Hill Music Royalty Fund Limited
form relates:
Use a separate form for each offeror/offeree
--------------------------------------
(c) Name of the party to the offer with which exempt principal trader is Round Hill Music Royalty Fund Limited
connected:
--------------------------------------
(d) Date position held/dealing undertaken: 11/10/2023
For an opening position disclosure, state the latest practicable date prior
to the disclosure
--------------------------------------
(e) In addition to the company in 1(b) above, is the exempt principal trader N/A
making disclosures
in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
--------------------------------------
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
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(b), 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 following
the dealing (if any)
Class of relevant security: ORD NPV
Interests Short positions
-------------- ------------------
Number % Number %
------- ----- ------------- ---
(1) Relevant securities owned and/or controlled: 670346 0.16
------- ----- ------------- ---
(2) Cash-settled derivatives:
------- ----- ------------- ---
(3) Stock-settled derivatives (including options) and agreements to
purchase/sell:
------- ----- ------------- ---
TOTAL: 670346 0.16
------- ----- ------------- ---
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).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:
3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of
relevant securities of the offeror or offeree named in 1(b), copy
table 3(a), (b), (c) or (d) (as appropriate) for each additional
class of relevant security dealt in.
The currency of all prices and other monetary amounts should be
stated.
(a) Purchases and sales
Class of relevant Purchases/ sales Total number of Highest price per Lowest price per unit
security securities unit paid/received paid/received
ORD NPV (USD) Purchase 40073393 1.14 1.14
------------------ ----------------------- ---------------------- -----------------------
ORD NPV (USD) Sale 39780354 1.14 1.14
------------------ ----------------------- ---------------------- -----------------------
(b) Cash-settled derivative transactions
Class of relevant Product description Nature of dealing Number of reference Price per unit
security e.g. CFD e.g. opening/closing a securities
long/short position,
increasing/reducing a
long/short position
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of Product Writing, Number of Exercise Type Expiry date Option money
relevant description purchasing, securities price per e.g. paid/
security e.g. call selling, to which unit American, received per
option varying etc. option European unit
relates etc.
(ii) Exercise
Class of relevant Product description Exercising/ exercised Number of securities Exercise price per
security e.g. call option against unit
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if applicable)
e.g. subscription, conversion
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 exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt
principal trader making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? NO
Date of disclosure: 12/10/2023
Contact name: Jennifer O'Donnell
-------------------
Telephone number: 020 7220 0500
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Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for
consultation in relation to the Code's disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk .
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