TIDMSWP
RNS Number : 8460K
Friars 716 Limited
26 September 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: FRIARS 716 LIMITED
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(b) Owner or controller of interests and short positions disclosed, if different from 1(a): As above
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: SWP GROUP PLC
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEROR
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(e) Date position held: 23 September 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 NO
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: SWP Group PLC 0.5p Ordinary PLC
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Interests Short positions
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Number % Number %
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(1) Relevant securities owned and/or controlled: NIL 0.00 NIL 0.00
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(2) Cash-settled derivatives: NIL 0.00 NIL 0.00
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(3) Stock-settled derivatives (including options) and agreements to
purchase/sell: NIL 0.00 NIL 0.00
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TOTAL: NIL 0.00 NIL 0.00
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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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(a) Shares held by the directors of Friars 716 Limited
Name Number of Ordinary Percentage of total
Shares of 0.5p issued share capital
each in the Offeree (%) (excluding
interested in shares under option)
of the Offeree
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Alan Walker 14,278,457(1) 7.0
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Colin Stott 252,187(2) 0.1
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David Pett 396,000(3) 0.2
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Martin Bell 48,190,417(4) 23.7
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1. Rock (Nominees) Limited is the registered holder of 9,608,000
SWP Shares as nominee for Tower Pension Trustees Limited, Alan
Walker's SIPP. Rock (Nominees) Limited is the registered holder of
363,000 SWP Shares as nominee for Tower Pension Trustees Limited,
Anne Marie Walker's SIPP (Anne Marie Walker is the spouse of Alan
Walker). Rock (Nominees) Limited is the registered holder of
4,084,707 SWP Shares as nominee for Alfa Industrial Holdings
Limited, a company owned and controlled by Alan Walker. Alfa
Industrial Holdings Limited, a company owned and controlled by Alan
Walker, is the registered holder of 222,750 SWP Shares.
2. Alliance Trust Savings Nominees Limited is the registered
holder of 252,187 SWP Shares as nominee for Alliance Trust Savings
Limited, Colin Stott's SIPP.
3. David Pett is the registered holder of 396,000 SWP Shares.
4. Martin Bell is the registered holder of 8,378,679 SWP Shares.
Castle View International Holdings Limited, a company owned and
controlled by Martin Bell, is the registered holder of 12,657,630
SWP Shares. W B Nominees Limited is the registered holder of
10,506,000 SWP Shares as nominee for Castle View International
Holdings Limited. Damian Bell, Martin Bell's brother, is the
registered holder of 8,378,679 SWP Shares. Gordon Bell, Martin
Bell's brother, is the registered holder of 7,245,679 SWP Shares.
Rena Bell's estate is the registered holder of 1,023,750 SWP
Shares; Martin Bell, Damian Bell and Gordon Bell are executors of
Rena Bell's estate.
(b) Directors' rights to subscribe for SWP Group plc shares
Name Number of Option Earliest Latest
Ordinary Exercise exercise exercise
Shares of Price date date
0.5p each
in the Offeree
currently
under option
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2 August 2 August
Alan Walker 1,500,000 10.25p 2013 2020
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26 July 26 July
Alan Walker 1,750,000 5.00p 2015 2022
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2 August 2 August
David Pett 1,000,000 10.25p 2013 2020
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26 July 26 July
David Pett 1,000,000 5.00p 2015 2022
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2 August 2 August
Colin Stott 2,000,000 10.25p 2013 2020
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26 July 26 July
Colin Stott 2,000,000 5.00p 2015 2022
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(c) Shares held by the SWP Group PLC Employee Benefit Trust
Number Percentage Trustee Settlor Beneficiaries
of ordinary of total
shares issued
of 0.5p share capital
each interested (%) of
in the Offeree
----------------- --------------- --------- ---------- --------------
The employees
Bluevane SWP Group of SWP Group
8,345,000 4.1 Limited plc plc
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Note: Bluevane Limited is a wholly owned subsidiary of SWP. It
is the trustee of the SWP Group PLC Employee Benefit Trust and its
directors are Alan Walker and David Pett.
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:
(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"
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NONE
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
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Supplemental Form 8 (SBL) NO
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Date of disclosure: 26 September 2016
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Contact name: David Pett (Company Secretary)
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Telephone number: 01353 723270
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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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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