Tax Systems PLC Form 8 (OPD) Tax Systems PLC (4062Q)
February 18 2019 - 10:58AM
UK Regulatory
TIDMTAX
RNS Number : 4062Q
Tax Systems PLC
18 February 2019
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: Tax Systems Plc
(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: Tax Systems Plc
Use a separate form for each offeror/offeree
-----------------
(d) Is the discloser the offeror or the offeree? OFFEREE
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(e) Date position held: 18 February 2019
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"
-----------------
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
Interests Short positions
------------- ------------------
Number % Number %
--------- ------------- ---
(1) Relevant securities owned and/or controlled: Nil 0 Nil 0
--------- ------------- ---
(2) Cash-settled derivatives: Nil 0 Nil 0
--------- ------------- ---
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: Nil 0 Nil 0
--------- ------------- ---
TOTAL: Nil 0 Nil 0
--------- ------------- ---
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: None
Details, including nature of the rights concerned and relevant percentages: None
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3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
3(a) Shares held by Tax Systems directors and their concert
parties
Individual No. of Tax Systems Percentage of
Shares Tax Systems
issued share
capital
------------------ ------------------ -------------
Gavin Lyons (CEO) 149,254 0.18%
Total 149,254 0.18%
3(b) Rights to subscribe to Tax Systems shares held by Tax
Systems directors and their concert parties
Individual No. of Options
over Tax Systems
Shares
------------------- -----------------
Gavin Lyons (CEO) 306,747
Kevin Goggin (CFO) 306,747
Total 613,494
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"
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 February 2019
Contact name: Kevin Goggin
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Telephone number: +44(0) 1784 777 700
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END
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