EG Solutions (EGS)

 

LSE:EGS: Replacement: Form 8 (OPD) - eg solutions plc

EG Solutions

14 Sep 2017 17:54:19

EG Solutions plc

RNS Number : 8204Q
EG Solutions plc
14 September 2017
 

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")

 

The announcement below submitted under RNS number: 3796Q has now been replaced to amend Elizabeth Gooch's, Caitlin Moss' and George Rolls' shareholdings under section 3.

 

All other details in the announcement remain unchanged.

 

The full amended text is shown below.

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

EG Solutions 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

EG Solutions plc

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

OFFEREE

(e) Date position held:

     The latest practicable date prior to the disclosure

6 September 2017

(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"

NO

 

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:

 


 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

Nil

Nil

Nil

(2) Cash-settled derivatives:

 

Nil

Nil

Nil

Nil

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

Nil

Nil

Nil

 

     TOTAL:

Nil

Nil

Nil

Nil

 

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:

 

3(a) Interest of directors of EG Solutions plc and their connected persons in ordinary shares of EG Solutions plc

 

Name

Role

No. of ordinary shares

Percentage holding

Nigel Payne

Chairman

26,450

0.12%

George Rolls

Non-Executive Director

111,450

0.49%

Elizabeth Gooch

Chief Executive

3,946,641

17.40%

Caitlin Moss

Daughter of Elizabeth Gooch

66,357

0.29%

EG Employee Benefit Trust

EBT

1,514,285

6.68%

 

3(b)

 

Share options held by Directors under the EG Solutions plc Long Term Incentive Plan

 

Name

No. of ordinary shares under option

Grant Date

Normal vesting date

Exercise price

Elizabeth Gooch

200,000

22/05/2015

22/05/2018

£0.01

 

Share options held by Directors under the EG Solutions plc Enterprise Management Incentive Plan

 

Name

No. of ordinary shares under option

Grant Date

Normal vesting date

Exercise price

Michael Woolley

5,000

07/01/2015

07/01/2019

£0.675

 

 

3(c) Interests of connected advisers of EG Solutions plc in EG Solutions plc's shares

 

Name

Number of ordinary shares in EG Solutions plc

Percentage of total issued share capital

Nplus1 Singer Capital Markets Limited

36,418

0.1606

 

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:

7 September 2017

Contact name:

Michael Woolley

Telephone number:

+44 (0)1785 715772

 

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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