Source - RNS
RNS Number : 5846K
SVG Capital PLC
22 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:

SVG CAPITAL PLC

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

     The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

SVG CAPITAL PLC

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

     The latest practicable date prior to the disclosure

21 September 2016

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

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 of 100 pence each

 

 

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

*Percentage calculations are based on SVG Capital plc's total number of ordinary shares in issue being 156,109,970 (held outside treasury).

 

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:

None

Details, including nature of the rights concerned and relevant percentages:

n/a

 

 

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:

 

Director

Number of shares of 100 pence each.

Percentage of total issued share capital (excluding treasury shares) (%) (to 3 d.p.)

Lynn Fordham

 

536,771

 

0.344

Andrew Sykes

31,000

0.019

Helen Mahy CBE

3,529

0.002

David Robins

7,000

0.004

Simon Bax

3,500

0.002

 

 

Interests of close relatives (connected parties) of directors of SVG Capital PLC in its ordinary shares

 

Name

Number of shares of 100 pence each.

Percentage of total issued share capital (excluding treasury shares) (%) (to 3 d.p.)

Doug Fordham

31,375

0.020

Ross Fordham

9,197

0.006

Briony Bax

3,500

0.002

 

 

Long Term Incentive Plan

 

Director

Description

Maximum number of ordinary shares awarded

Date of grant

Share price at grant (pence)**

Exercise price per grant

Vesting date

Lynn Fordham

2013 LTIP NAV awards

           77,922

06/03/2013

 385.00

0.0

06/03/2017

Lynn Fordham

2016 LTIP TSR awards

           60,878

23/03/2016

 504.00

0.0

23/03/2019

Lynn Fordham

2016 LTIP NAV awards

           60,878

23/03/2016

 504.00

0.0

23/03/2020

 

**Mid-market closing price on the day prior to the date of grant

 

 

 

 

 

 

 

Deferred Annual Bonus Scheme

 

Director

Description

Maximum number of ordinary shares awarded

Date of Grant

Share price at grant (pence)**

Exercise price per grant (£)

Vesting date

L Fordham

2014 deferred shares***

36,317

12/12/2014

427.20

0.0

01/09/2015

L Fordham

2014 deferred shares***

36,317

12/12/2014

427.20

0.0

01/09/2015

L Fordham

2014 deferred shares***

36,317

12/12/2014

427.20

0.0

01/09/2015

L Fordham

2015 deferred shares

           10,288

18/12/2015

 487.00

0.0

18/12/2016

L Fordham

2015 deferred shares

           10,288

18/12/2015

 487.00

0.0

18/12/2017

L Fordham

2015 deferred shares

           10,288

18/12/2015

 487.00

0.0

18/12/2018

L Fordham

2015 deferred shares

           10,288

18/12/2015

 487.00

0.0

18/12/2019

L Fordham

2015 deferred shares

           10,288

18/12/2015

 487.00

0.0

18/12/2020

L Fordham

2016 deferred shares

              2,196

30/03/2016

 501.00

0.0

30/03/2017

L Fordham

2016 deferred shares

              2,196

30/03/2016

 501.00

0.0

30/03/2018

L Fordham

2016 deferred shares

              2,196

30/03/2016

 501.00

0.0

30/03/2019

L Fordham

2016 deferred shares

              2,196

30/03/2016

 501.00

0.0

30/03/2020

L Fordham

2016 deferred shares

              2,196

30/03/2016

 501.00

0.0

30/03/2021

 

 

**Mid-market closing price on the day prior to the date of grant

*** These awards were granted under the Aberdeen Asset Management bonus deferral scheme.

 

 

 

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"

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:

22 September 2016

Contact name:

Ed Williamson

Telephone number:

020 3457 0057

 

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
 
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