Source - LSE Regulatory
RNS Number : 7629S
Takeover Panel
17 June 2024
 

THE TAKEOVER PANEL - DISCLOSURE TABLE

 

17 June 2024 - FINAL

 

The following are today's changes to the Disclosure Table:

 

ADDITIONS

 

None

 

DELETIONS

 

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

 

OTHER AMENDMENTS

 

OFFEREE: Global Ports Holding plc

Offer period commenced: 11:36 14-Jun-2024

1p ordinary

ISIN: GB00BD2ZT390

NSI: 76,433,126

OFFEROR: Global Ports Holding B.V. (a wholly owned subsidiary of Global Investments Holding)

Offeror identified: 11:36 14-Jun-2024

Rule 2.6 deadline: 17:00 12-Jul-2024

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Keywords Studios plc

Offer period commenced: 23:04 18-May-2024

1p ordinary

ISIN: GB00BBQ38507

NSI: 79,880,353

OFFEROR: EQT Group

Offeror identified: 23:04 18-May-2024

Rule 2.6 deadline: 17:00 28-Jun-2024

Disclosure of dealings and positions in this offeror is not required

 

DISCLOSURE TABLE

 

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: Alpha Financial Markets Consulting plc

Offer period commenced: 10:45 01-May-2024

0.075p ordinary

ISIN: GB00BF16C058

NSI: 122,009,736

OFFEROR: Bridgepoint Advisers Limited

Offeror identified: 10:45 01-May-2024

Rule 2.6 deadline: 17:00 20-Jun-2024

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Balanced Commercial Property Trust Limited

Offer period commenced: 07:00 15-Apr-2024

1p ordinary

ISIN: GG00B4ZPCJ00

NSI: 701,550,187

OFFEROR: No named offeror

 

OFFEREE: Benchmark Holdings plc

Offer period commenced: 07:00 22-Jan-2024

0.1p ordinary

ISIN: GB00BGHPT808

NSI: 739,778,643

OFFEROR: No named offeror

 

OFFEREE: Capital & Regional plc

Offer period commenced: 08:46 23-May-2024

10p ordinary

ISIN: GB00BL6XZ716

NSI: 232,996,247

OFFEROR: NewRiver REIT plc

Offeror identified: 08:46 23-May-2024

Rule 2.6 deadline: 17:00 20-Jun-2024

1p ordinary

ISIN: GB00BD7XPJ64

NSI: 313,686,292

 

OFFEREE: Crest Nicholson Holdings plc

Offer period commenced: 17:45 13-Jun-2024

5p ordinary

ISIN: GB00B8VZXT93

NSI: 256,920,539

OFFEROR: Bellway plc

Offeror identified: 17:45 13-Jun-2024

Rule 2.6 deadline: 17:00 11-Jul-2024

12.5p ordinary

ISIN: GB0000904986

NSI: 118,975,346

 

OFFEREE: Crimson Tide plc

Offer period commenced: 07:00 04-Jun-2024

10p ordinary

ISIN: GB00BRJRV969

NSI: 6,574,863

OFFEROR: Checkit plc

Offeror identified: 07:00 04-Jun-2024

Rule 2.6 deadline: 17:00 02-Jul-2024

5p ordinary

ISIN: GB00B0C5RG72

NSI: 108,008,562

 

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: N/A

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: Darktrace plc

Offer period commenced: 08:11 26-Apr-2024

1p ordinary

ISIN: GB00BNYK8G86

NSI: 700,396,071

OFFEROR: Luke Bidco Limited (a newly-formed company indirectly wholly-owned by funds managed and/or advised by Thoma Bravo, L.P.)

Offeror identified: 08:11 26-Apr-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Equals Group plc

Offer period commenced: 13:39 01-Nov-2023

1p ordinary

ISIN: GB00BLS0XX25

NSI: 187,627,898

OFFEROR: A consortium comprising Embedded Finance Limited and TowerBrook Capital Partners (U.K.) LLP

Offeror identified: 09:57 20-Mar-2024

Rule 2.6 deadline: 17:00 10-Jul-2024

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Foresight Sustainable Forestry Company plc

Offer period commenced: 07:00 29-May-2024

1p ordinary

ISIN: GB00BMDPKM71

NSI: 172,056,075

OFFEROR: Arizona Bidco Limited (a newly formed vehicle, wholly-owned, indirectly, by Averon Park Limited)

Offeror identified: 07:00 29-May-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Global Ports Holding plc

Offer period commenced: 11:36 14-Jun-2024

1p ordinary

ISIN: GB00BD2ZT390

NSI: 76,433,126

OFFEROR: Global Ports Holding B.V. (a wholly owned subsidiary of Global Investments Holding)

Offeror identified: 11:36 14-Jun-2024

Rule 2.6 deadline: 17:00 12-Jul-2024

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: GRC International Group plc

Offer period commenced: 16:57 05-Jun-2024

0.1p ordinary

ISIN: GB00BG06MV41

NSI: 107,826,246

OFFEROR: Bloom Seed Bidco Limited (a newly formed company indirectly owned by investment funds advised by Bloom Equity Partners Management, LLC.)

Offeror identified: 16:57 05-Jun-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Gresham Technologies plc

Offer period commenced: 07:00 09-Apr-2024

5p ordinary

ISIN: GB0008808825

NSI: 84,092,512

OFFEROR: Alliance Bidco Ltd (a company owned indirectly by funds managed or advised by STG Partners, LLC)

Offeror identified: 07:00 09-Apr-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Hargreaves Lansdown plc

Offer period commenced: 18:06 22-May-2024

0.4p ordinary

ISIN: GB00B1VZ0M25

NSI: 474,318,625

OFFEROR: A consortium comprising CVC Advisers Limited, Nordic Capital XI Delta, SCSP (acting through its general partner Nordic Capital XI Delta GP SARL) and Platinum Ivy B 2018 RSC limited (a wholly-owned subsidiary of Abu Dhabi Investment Authority managed by its Private Equities investment department)

Offeror identified: 18:06 22-May-2024

Rule 2.6 deadline: 17:00 19-Jun-2024

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Hipgnosis Songs Fund Limited

Offer period commenced: 07:00 18-Apr-2024

ordinary

ISIN: GG00BFYT9H72

NSI: 1,209,214,286

OFFEROR: Lyra Bidco Limited (a company indirectly wholly-owned by investment funds advised by affiliates of Blackstone Inc.)

Offeror identified: 13:57 20-Apr-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: International Distribution Services plc

Offer period commenced: 11:33 17-Apr-2024

1p ordinary

ISIN: GB00BDVZYZ77

NSI: 958,293,475

OFFEROR: EP UK Bidco Limited (a newly formed company owned indirectly by EP Corporate Group, a.s. and J&T Capital Partners, a.s.)

Offeror identified: 11:33 17-Apr-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: IQGeo Group plc

Offer period commenced: 10:28 14-May-2024

2p ordinary

ISIN: GB00B3NCXX73

NSI: 61,824,820

OFFEROR: Geologist Bidco Limited (a newly formed company wholly-owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates)

Offeror identified: 10:28 14-May-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Keywords Studios plc

Offer period commenced: 23:04 18-May-2024

1p ordinary

ISIN: GB00BBQ38507

NSI: 79,880,353

OFFEROR: EQT Group

Offeror identified: 23:04 18-May-2024

Rule 2.6 deadline: 17:00 28-Jun-2024

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Lakes Distillery Company plc, The (See Note 9 below)

Offer period commenced: 09:00 02-Apr-2024

2p ordinary

 

NSI: 37,894,799

OFFEROR: Nyetimber Wines and Spirits Group Limited

Offeror identified: 09:00 02-Apr-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Lok'n Store Group plc

Offer period commenced: 07:00 11-Apr-2024

1p ordinary

ISIN: GB0007276115

NSI: 32,904,312

OFFEROR: Shurgard Self Storage Ltd

Offeror identified: 07:00 11-Apr-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Mattioli Woods plc

Offer period commenced: 07:00 08-Mar-2024

1p ordinary

ISIN: GB00B0MT3Y97

NSI: 52,027,561

OFFEROR: Tiger Bidco Limited (a wholly-owned subsidiary of investment vehicles advised and managed by Pollen Street Capital Limited)

Offeror identified: 07:00 08-Mar-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

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: 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: Renalytix plc

Offer period commenced: 07:00 04-Mar-2024

0.25p ordinary

ISIN: GB00BYWL4Y04

NSI: 154,368,191

ADS

ISIN: US75973T1016

 

OFFEROR: No named offeror

 

OFFEREE: Smith (DS) plc

Offer period commenced: 10:16 08-Feb-2024

10p ordinary

ISIN: GB0008220112

NSI: 1,379,558,067

OFFEROR: International Paper Company

Offeror identified: 17:30 26-Mar-2024

Rule 2.6 deadline: N/A

common stock

ISIN: US4601461035

NSI: 347,323,080

 

OFFEREE: Spirent Communications plc

Offer period commenced: 07:00 05-Mar-2024

3 1/3p ordinary

ISIN: GB0004726096

NSI: 578,646,363

ADR

ISIN: US84856M2098

 

OFFEROR: Keysight Technologies Inc.

Offeror identified: 07:00 28-Mar-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

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: TClarke plc

Offer period commenced: 07:00 16-Apr-2024

10p ordinary

ISIN: GB0002015021

NSI: 55,588,827

OFFEROR: Regent Acquisitions Limited

Offeror identified: 07:00 16-Apr-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Trident Royalties plc

Offer period commenced: 07:30 13-Jun-2024

1p ordinary

ISIN: GB00BF7J2535

NSI: 293,079,382

OFFEROR: Deterra Global Holdings Pty Ltd (a direct wholly owned subsidiary of Deterra Royalties Limited)

Offeror identified: 07:30 13-Jun-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Trinity Exploration & Production plc

Offer period commenced: 07:00 01-May-2024

USD 0.01 ordinary

ISIN: GB00BN7CJ686

NSI: 38,802,994

OFFEROR: Touchstone Exploration Inc.

Offeror identified: 07:00 01-May-2024

Rule 2.6 deadline: N/A

Common NPV

ISIN: CA89156L1085

NSI: 236,306,661

 

OFFEREE: Tritax EuroBox plc

Offer period commenced: 16:26 03-Jun-2024

1p ordinary

ISIN: GB00BG382L74

NSI: 806,803,984

OFFEROR: Brookfield Asset Management

Offeror identified: 16:26 03-Jun-2024

Rule 2.6 deadline: 17:00 01-Jul-2024

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Tyman plc

Offer period commenced: 07:00 22-Apr-2024

5p ordinary

ISIN: GB00B29H4253

NSI: 196,322,249

OFFEROR: Quanex Building Products Corporation

Offeror identified: 07:00 22-Apr-2024

Rule 2.6 deadline: N/A

Common

ISIN: US7476191041

NSI: 33,111,593

 

OFFEREE: Virgin Money UK plc

Offer period commenced: 07:00 07-Mar-2024

10p ordinary

ISIN: GB00BD6GN030

NSI: 1,296,472,686

CDI

ISIN: AU0000064966

 

OFFEROR: Nationwide Building Society

Offeror identified: 07:00 07-Mar-2024

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Wood Group (John) plc

Offer period commenced: 12:16 08-May-2024

4 2/7p ordinary

ISIN: GB00B5N0P849

NSI: 691,839,369

OFFEROR: Dar Al-Handasah Consultants Shair and Partners Holdings Ltd

Offeror identified: 12:16 08-May-2024

Rule 2.6 deadline: 17:00 03-Jul-2024

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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