TIDMSKR
RNS Number : 8686J
Sunkar Resources PLC
17 June 2014
Amendments concerning additional information relating to
convertible debt in the offeree share capital structure, details of
concert party interests (which are nil) and deletion of information
which was previously shown on a strike through basis have been made
to the "Form 8 (OPD) - Sunkar Resources PLC" announcement released
on 17 June 2014 at 16.14. under RNS No 8489J.
The full amended text is shown below
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) Identity of the party to the offer making the SUN AVENUE PARTNERS CORP.
disclosure:
---------------------------------------------------------- ----------------------------------------------------------
(b) Owner or controller of interests and short positions MR ALMAS MYNBAYEV, the owner of Sun Avenue Partners Corp.
disclosed, if different from 1(a):
The naming of nominee or vehicle companies is
insufficient
---------------------------------------------------------- ----------------------------------------------------------
(c) Name of offeror/offeree in relation to whose relevant SUNKAR RESOURCES PLC
securities this form relates:
Use a separate form for each party to the offer
---------------------------------------------------------- ----------------------------------------------------------
(d) Is the party to the offer making the disclosure the OFFEROR
offeror or the offeree?
---------------------------------------------------------- ----------------------------------------------------------
(e) Date position held: 17 June 2014
---------------------------------------------------------- ----------------------------------------------------------
(f) Has the party previously disclosed, or is it today NO
disclosing, under the Code in respect
of any other party to this offer?
---------------------------------------------------------- ----------------------------------------------------------
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
(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 0.1p each
-------------------------------------------------- ------------------------------------------
Interests Short positions
-------------------------------------------------- ---------------------- ------------------
Number % Number %
-------------------------------------------------- ------------- ------- ------------- ---
(1) Relevant securities owned and/or controlled: 174,476,283 51.15
-------------------------------------------------- ------------- ------- ------------- ---
(2) Derivatives (other than options):
-------------------------------------------------- ------------- ------- ------------- ---
(3) Options and agreements to purchase/sell:
-------------------------------------------------- ------------- ------- ------------- ---
TOTAL: 174,476,283 51.15
-------------------------------------------------- ------------- ------- ------------- ---
Class of relevant security: 10% Convertible Loan Notes of $1 each, convertible into Ordinary Shares of 0.1p each
on the
basis of US$0.0376 per share, repayable 4 April 2015
----------------------------- ---------------------------------------------------------------------------------------
Interests Short positions
----------------------------- ----------------------------------------------- --------------------------------------
Number % Number %
----------------------------- ----------------------------- ---------------- ---------------------------- --------
(1) Relevant securities
owned and/or controlled: 1,280,000 100
----------------------------- ----------------------------- ---------------- ---------------------------- --------
(2) Derivatives (other than
options):
----------------------------- ----------------------------- ---------------- ---------------------------- --------
(3) Options and agreements
to purchase/sell:
----------------------------- ----------------------------- ---------------- ---------------------------- --------
TOTAL: 1,280,000 100
----------------------------- ----------------------------- ---------------- ---------------------------- --------
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, 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
---------------------------------------------------------------------------- ----
Details, including nature of the rights concerned and relevant percentages:
---------------------------------------------------------------------------- ----
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.
(c) Irrevocable commitments and letters of intent
Details of any irrevocable commitments or letters of intent procured by the party to the offer
making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of
the Code):
-------------------------------------------------------------------------------------------------------
Definitions used in this disclosure are taken from the Rule 2.7 announcement issued by Sunkar
Resources plc ("Sunkar") and Sun Avenue Partners Corp. ("SAPC") on 17 June 2014.
SAPC has received irrevocable undertakings to accept (or to procure acceptance of) the Offer,
from certain directors of Sunkar who are also Sunkar Shareholders, in respect of a total of
41,841,299 Sunkar Shares, representing approximately 12.27 per cent. of Sunkar's issued ordinary
share capital, being:
* Nurdin Damitov, in respect of his entire interest of
21,427,799 Sunkar Shares, representing approximately
6.28 per cent. of the existing issued share capital
of Sunkar; and
* Serikjan Utegen, in respect of his entire interest of
20,413,500 Sunkar Shares, representing approximately
5.98 per cent. of the existing issued share capital
of Sunkar.
Both of these irrevocable undertakings are binding in all circumstances (including in the
event of a higher offer).
Accordingly, when taken together with Sunkar Shares already owned by SAPC, SAPC either owns
or controls or has received irrevocable undertakings over, in aggregate, 216,317,582 Sunkar
Shares, representing approximately 63.42 per cent. of the issued ordinary share capital of
Sunkar, as at the date of this announcement.
-------------------------------------------------------------------------------------------------------
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 of any person acting in
concert with the party to the offer making the disclosure:
------------------------------------------------------------------------------------------
3(c) - Interests of connected advisers:
Adviser Number of Ordinary % of Sunkar issued
Shares Ordinary Shares
------------------------------ ------------------- -------------------
Hub Capital Partners Limited 0 0.00%
------------------------------ ------------------- -------------------
------------------------------------------------------------------------------------------
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 3 for each additional class of
relevant security.
Details of any open derivative or option positions, 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:
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 party
to the offer making the disclosure, or any person acting in concert with it, 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
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
------------------------------------- ---
Supplemental Form 8 (SBL) NO
------------------------------------- ---
Date of disclosure: 18 June 2014
--------------------- --------------
Contact name: David Davies
--------------------- --------------
Telephone number: 020 7653 8740
--------------------- --------------
Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service and must also be emailed to the
Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market
Surveillance Unit is available for consultation in relation to the
Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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