| THE TAKEOVER PANEL - DISCLOSURE TABLE |
| 23 February 2024 - FINAL |
| The following are today's changes to the Disclosure Table: |
| ADDITIONS |
| OFFEREE: Saietta Group plc | ||
| Offer period commenced: 13:40 23-Feb-2024 | ||
| 0.11p ordinary | ISIN: GB00BNDM6X87 | NSI: 145,260,370 |
| OFFEROR: No named offeror | ||
| DELETIONS |
| None |
| OTHER AMENDMENTS |
| OFFEREE: Impellam Group plc | ||
| Offer period commenced: 07:00 12-Apr-2022 | ||
| 1p ordinary | ISIN: GB00B8HWGJ55 | NSI: 44,498,264 |
| OFFEROR: Heather Global plc (a company owned by HeadFirst Global B.V.) | ||
| Offeror identified: 18:03 04-Jul-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| DISCLOSURE TABLE |
| OFFEREE: abrdn European Logistics Income plc | ||
| Offer period commenced: 07:00 27-Nov-2023 | ||
| 1p ordinary | ISIN: GB00BD9PXH49 | NSI: 412,174,356 |
| OFFEROR: No named offeror | ||
| OFFEREE: abrdn Property Income Trust Limited | ||
| Offer period commenced: 07:00 19-Jan-2024 | ||
| 1p ordinary | ISIN: GB0033875286 | NSI: 381,218,977 |
| OFFEROR: Custodian Property Income REIT plc | ||
| Offeror identified: 07:00 19-Jan-2024 | ||
| Rule 2.6 deadline: N/A | ||
| 1p ordinary | ISIN: GB00BJFLFT45 | NSI: 440,850,398 |
| OFFEROR: Urban Logistics REIT plc | ||
| Offeror identified: 16:31 20-Feb-2024 | ||
| Rule 2.6 deadline: 17:00 13-Mar-2024 | ||
| 1p ordinary | ISIN: GB00BYV8MN78 | NSI: 471,975,411 |
| OFFEREE: Advanced Oncotherapy plc | ||
| Offer period commenced: 07:00 18-Apr-2023 | ||
| 25p ordinary | ISIN: GB00BD6SX109 | NSI: 542,573,869 |
| Senior secured fixed rate convertible loan notes 11 January 2024 |
| NSI: 6,379,725 |
| OFFEROR: No named offeror | ||
| OFFEREE: Belvoir Group plc | ||
| Offer period commenced: 07:00 10-Jan-2024 | ||
| 1p ordinary | ISIN: GB00B4QY1P51 | NSI: 37,294,592 |
| OFFEROR: Property Franchise Group plc, The | ||
| Offeror identified: 07:00 10-Jan-2024 | ||
| Rule 2.6 deadline: N/A | ||
| 1p ordinary | ISIN: GB00BH0WFH67 | NSI: 32,255,007 |
| OFFEREE: Benchmark Holdings plc | ||
| Offer period commenced: 07:00 22-Jan-2024 | ||
| 0.1p ordinary | ISIN: GB00BGHPT808 | NSI: 739,489,843 |
| OFFEROR: No named offeror | ||
| OFFEREE: City Pub Group plc, The | ||
| Offer period commenced: 07:01 16-Nov-2023 | ||
| 1p ordinary | ISIN: GB00BYWRS683 | NSI: 104,843,151 |
| OFFEROR: Young & Co.'s Brewery, plc | ||
| Offeror identified: 07:01 16-Nov-2023 | ||
| Rule 2.6 deadline: N/A | ||
| 12.5p A ordinary | ISIN: GB00B2NDK765 | NSI: 34,413,847 |
| 12.5p ordinary | ISIN: GB00B2NDK989 | NSI: 24,070,755 |
| OFFEREE: Currys plc | ||
| Offer period commenced: 14:29 17-Feb-2024 | ||
| 0.1p ordinary | ISIN: GB00B4Y7R145 | NSI: 1,133,494,651 |
| OFFEROR: Elliott Advisors (UK) Limited | ||
| Offeror identified: 14:29 17-Feb-2024 | ||
| Rule 2.6 deadline: 17:00 16-Mar-2024 | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEROR: JD.com, Inc. | ||
| Offeror identified: 07:51 19-Feb-2024 | ||
| Rule 2.6 deadline: 17:00 18-Mar-2024 | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: Cykel AI plc | ||
| Offer period commenced: 08:00 19-Jan-2024 | ||
| 0.1p ordinary | ISIN: GB00BPTJZN05 | NSI: 205,183,350 |
| Warrants 1p 25/10/2026 |
| NSI: 48,000,000 |
| Warrants 3p 25/10/2028 |
| NSI: 11,385,170 |
| OFFEROR: Mustang Energy plc | ||
| Offeror identified: 08:00 19-Jan-2024 | ||
| Rule 2.6 deadline: 17:00 15-Mar-2024 | ||
| 0.1p ordinary | ISIN: GB00BJ9MHH56 | NSI: 12,161,966 |
| Warrants 30p 15/11/2024 |
| NSI: 636,986 |
| Unsecured Convertible Loan Notes 31/5/24 |
| GBP: 200,000 |
| OFFEREE: Equals Group plc | ||
| Offer period commenced: 13:39 01-Nov-2023 | ||
| 1p ordinary | ISIN: GB00BLS0XX25 | NSI: 187,627,898 |
| OFFEROR: Madison Dearborn Partners, LLC | ||
| Offeror identified: 13:39 01-Nov-2023 | ||
| Rule 2.6 deadline: 17:00 20-Mar-2024 | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: FireAngel Safety Technology Group plc | ||
| Offer period commenced: 07:02 06-Jun-2023 | ||
| 2p ordinary | ISIN: GB0030508757 | NSI: 302,321,822 |
| Warrant 3p June 2026 |
| NSI: 60,355,529 |
| OFFEROR: Intelligent Safety Electronics Pte. Ltd (a company incorporated in Singapore and wholly-owned by Siterwell Electronics Co., Ltd) | ||
| Offeror identified: 07:00 27-Oct-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: Forward Partners Group plc | ||
| Offer period commenced: 07:00 27-Nov-2023 | ||
| 1p ordinary | ISIN: GB00BKPGBB09 | NSI: 134,613,117 |
| OFFEROR: Molten Ventures plc | ||
| Offeror identified: 07:00 27-Nov-2023 | ||
| Rule 2.6 deadline: N/A | ||
| 1p ordinary | ISIN: GB00BY7QYJ50 | NSI: 174,261,401 |
| OFFEREE: GCP Asset Backed Income Fund Limited | ||
| Offer period commenced: 07:00 13-Dec-2023 | ||
| NPV ordinary | ISIN: JE00BYXX8B08 | NSI: 425,626,059 |
| OFFEROR: No named offeror | ||
| OFFEREE: Impellam Group plc | ||
| Offer period commenced: 07:00 12-Apr-2022 | ||
| 1p ordinary | ISIN: GB00B8HWGJ55 | NSI: 44,498,264 |
| OFFEROR: Heather Global plc (a company owned by HeadFirst Global B.V.) | ||
| Offeror identified: 18:03 04-Jul-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: Kin and Carta plc | ||
| Offer period commenced: 07:03 18-Oct-2023 | ||
| 10p ordinary | ISIN: GB0007689002 | NSI: 177,931,360 |
| OFFEROR: Kelvin UK Bidco Limited (a newly formed company owned indirectly by funds advised by Apax Partners LLP) | ||
| Offeror identified: 07:03 18-Oct-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEROR: Ken Bidco Limited (a newly formed company controlled by funds advised by BC partners) | ||
| Offeror identified: 16:04 19-Dec-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: LXi REIT plc | ||
| Offer period commenced: 14:43 18-Dec-2023 | ||
| 1p ordinary | ISIN: GB00BYQ46T41 | NSI: 1,714,473,236 |
| OFFEROR: LondonMetric Property plc | ||
| Offeror identified: 14:43 18-Dec-2023 | ||
| Rule 2.6 deadline: N/A | ||
| 10p ordinary | ISIN: GB00B4WFW713 | NSI: 1,093,559,368 |
| OFFEREE: musicMagpie plc | ||
| Offer period commenced: 07:00 20-Nov-2023 | ||
| 1p ordinary | ISIN: GB00BKY4XG48 | NSI: 107,808,287 |
| OFFEROR: No named offeror | ||
| OFFEREE: Network International Holdings plc | ||
| Offer period commenced: 14:05 13-Apr-2023 | ||
| 10p ordinary | ISIN: GB00BH3VJ782 | NSI: 532,748,593 |
| OFFEROR: BCP VI Neptune Bidco Holdings Limited (an entity indirectly owned by Brookfield Business Partners together with private equity funds managed and/or advised by affiliates of Brookfield Asset Management Ltd) | ||
| Offeror identified: 07:00 21-Apr-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: Premier Veterinary Group plc (See Note 9 below) | ||
| Offer period commenced: 10:19 15-Sep-2023 | ||
| 0.1p ordinary | ISIN: GB00BSZLMS59 | NSI: 16,497,970 |
| 0.1p A ordinary |
| NSI: 645,269 |
| OFFEROR: No named offeror | ||
| OFFEREE: Redrow plc | ||
| Offer period commenced: 07:01 07-Feb-2024 | ||
| 10.5p ordinary | ISIN: GB00BG11K365 | NSI: 330,770,245 |
| OFFEROR: Barratt Developments plc | ||
| Offeror identified: 07:01 07-Feb-2024 | ||
| Rule 2.6 deadline: N/A | ||
| 10p ordinary | ISIN: GB0000811801 | NSI: 974,592,261 |
| OFFEREE: Saietta Group plc | ||
| Offer period commenced: 13:40 23-Feb-2024 | ||
| 0.11p ordinary | ISIN: GB00BNDM6X87 | NSI: 145,260,370 |
| OFFEROR: No named offeror | ||
| OFFEREE: Shanta Gold Limited | ||
| Offer period commenced: 07:01 20-Dec-2023 | ||
| 0.01p ordinary | ISIN: GB00B0CGR828 | NSI: 1,051,467,684 |
| OFFEROR: Saturn Resources Ltd (a newly formed company wholly-owned by ETC Holdings (Mauritius) Limited) | ||
| Offeror identified: 07:01 20-Dec-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: Smart Metering Systems plc | ||
| Offer period commenced: 07:00 07-Dec-2023 | ||
| 1p ordinary | ISIN: GB00B4X1RC86 | NSI: 133,606,918 |
| OFFEROR: Sienna Bidco Limited (a company wholly-owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates) | ||
| Offeror identified: 07:00 07-Dec-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: SmartSpace Software plc | ||
| Offer period commenced: 07:00 12-Dec-2023 | ||
| 10p ordinary | ISIN: GB00BYWN0F98 | NSI: 28,941,234 |
| OFFEROR: Sign in Solutions Inc. (a company majority owned, and controlled, by funds managed or advised by PSG Equity L.L.C.) | ||
| Offeror identified: 07:00 22-Jan-2024 | ||
| Rule 2.6 deadline: 17:00 18-Mar-2024 | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: Smith (DS) plc | ||
| Offer period commenced: 10:16 08-Feb-2024 | ||
| 10p ordinary | ISIN: GB0008220112 | NSI: 1,377,451,807 |
| OFFEROR: Mondi plc | ||
| Offeror identified: 10:16 08-Feb-2024 | ||
| Rule 2.6 deadline: 17:00 07-Mar-2024 | ||
| EUR 0.22 ordinary | ISIN: GB00BMWC6P49 | NSI: 441,412,530 |
| OFFEREE: STM Group plc | ||
| Offer period commenced: 07:00 11-Jul-2023 | ||
| 0.1p ordinary | ISIN: IM00B1S9KY98 | NSI: 59,408,088 |
| OFFEROR: Jambo SRC Limited | ||
| Offeror identified: 07:00 11-Jul-2023 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: Superdry plc | ||
| Offer period commenced: 10:55 02-Feb-2024 | ||
| 5p ordinary | ISIN: GB00B60BD277 | NSI: 99,080,937 |
| OFFEROR: Julian Dunkerton | ||
| Offeror identified: 10:55 02-Feb-2024 | ||
| Rule 2.6 deadline: 17:00 01-Mar-2024 | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| OFFEREE: UK Commercial Property REIT Limited | ||
| Offer period commenced: 18:57 09-Feb-2024 | ||
| 25p ordinary | ISIN: GB00B19Z2J52 | NSI: 1,299,412,465 |
| OFFEROR: Tritax Big Box REIT plc | ||
| Offeror identified: 18:57 09-Feb-2024 | ||
| Rule 2.6 deadline: 17:00 08-Mar-2024 | ||
| 1p ordinary | ISIN: GB00BG49KP99 | NSI: 1,903,738,325 |
| OFFEREE: Wincanton plc | ||
| Offer period commenced: 07:00 19-Jan-2024 | ||
| 10p ordinary | ISIN: GB0030329360 | NSI: 124,543,670 |
| OFFEROR: CEVA Logistics UK Rose Limited (a company indirectly controlled by CMA CGM and its affiliates) | ||
| Offeror identified: 07:00 19-Jan-2024 | ||
| Rule 2.6 deadline: N/A | ||
| Disclosure of dealings and positions in this offeror is not required | ||
| Notes: |
| 1. | Rule 8 of the Takeover Code (the "Code") sets out the circumstances in which Dealing Disclosures and/or Opening Position Disclosures are required to be made by the parties to an offer, persons acting in concert with them, persons with an interest in relevant securities of 1% or more and exempt principal traders ("EPTs") connected with the parties to an offer. |
| 2. | Where an offeror is marked "Disclosure of dealings and positions in this offeror is not required", dealings and positions in relevant securities of that offeror are not required to be disclosed under Rule 8. This is either because it has been announced that the offer or possible offer is, or is likely to be, solely in cash or because disclosure is not required for some other reason. |
| 3. | Dealings and positions required to be disclosed under Rule 8 of the Code include dealings and positions in derivatives referenced to, and options in respect of, relevant securities of an offeree company and, where appropriate, an offeror (see Note 2 above). |
| 4. | The information set out in the Disclosure Table relating to the relevant securities in issue of an offeree company or of an offeror (and any amendments thereto) has been extracted from the relevant announcement made by such company under Rule 2.9 of the Code. Similarly, details of any deadline set under Rule 2.6 by which a potential offeror must announce either a firm intention to make a bid or that it does not intend to make an offer (or, in the case of Rule 2.6(a), by which the Panel must consent to an extension of the deadline) has been extracted from the relevant announcement made by the offeree company. |
| 5. | Additions and deletions of offeree companies and offerors are reflected in the Disclosure Table throughout the day, following the relevant announcement. Other amendments may also be made throughout the day. In any event, details of the classes of relevant securities issued by an offeree or offeror company, the number of such securities in issue ("NSI") and the International Securities Identification Number ("ISIN") of such securities announced under Rule 2.9 of the Code before 5.00 pm each day will be included in the final version of the Disclosure Table by 5.30 pm that day. The final version of the Disclosure Table issued each day will be marked "Final" and persons required to make Dealing Disclosures and Opening Position Disclosures are advised to use that final version. Any changes to a potential offeror's Rule 2.6 deadline will also be reflected in the "Final" version of the Disclosure Table, although any such changes will not be shown in the "Amendments" section at the top of the Disclosure Table. |
| 6. | Dealing Disclosures by the parties to an offer, persons acting in concert with them and connected EPTs must be made by no later than 12 noon on the business day (as defined in the Code) following the date of the relevant dealing and Dealing Disclosures by persons with an interest in relevant securities of 1% or more must be made by 3.30 pm on the business day following the date of the relevant dealing. |
| 7. | Opening Position Disclosures by the parties to an offer and by connected EPTs must be made by no later than 12 noon on the 10th business day after the commencement of the offer period or the announcement that first identifies an offeror (as the case may be). Where required, Opening Position Disclosures by persons with interests in relevant securities of 1% or more must be made by no later than 3.30 pm on the 10th business day after the commencement of the offer period or the announcement that first identifies an offeror (as the case may be). Details of the time and date at which an offer period commenced and at which an offeror was first identified are set out in the Disclosure Table. In order to calculate the deadline for Opening Position Disclosures, it is therefore necessary to count forward 10 business days from the relevant date. |
| 8. | Opening Position Disclosures and Dealing Disclosures required under Rule 8 of the Code must be made to a Regulatory Information Service ("RIS"). |
| 9. | This Note is applicable if it says "See Note 9 below" by the name of the company in the Disclosure Table above. The Executive has granted the company a dispensation from the requirements under the Code that announcements must be published via a RIS. The company is instead required to publish all announcements on its website. The Executive has also granted a dispensation from Note 3 on Rule 8 of the Code that disclosures made under Rule 8 of the Code must be made to a RIS. Therefore, Opening Position Disclosures and Dealing Disclosures required under Rule 8 of the Code may be made to the company at the address stated in the announcement that commenced the offer period. |
| 10. | The following are approved Regulatory Information Services: |
|
| . | Business Wire Regulatory Disclosure provided by Business Wire | +44 (0)20 7626 1982 |
| . | GlobeNewswire provided by GlobeNewswire UK Limited | +44 (0)20 3753 2071 |
| . | PR Newswire Disclose provided by Cision Group Ltd | +44 (0)20 7454 5210 |
| . | RNS provided by the London Stock Exchange | +44 (0)20 7797 4400 |
| . | EQS COCKPIT provided by EQS Group AG | +44 (0)20 3141 3940 |
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