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Form 8 (OPD) Alternative Networks plc-Amendment

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RNS Number : 0198R
Alternative Networks plc
05 December 2016
 

FORM 8 (OPD)

AMENDMENT

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

(Amendment to section 3)

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

Alternative Networks 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.


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

     Use a separate form for each offeror/offeree

Alternative Networks plc

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

Offeree

(e) Date position held:

     The latest practicable date prior to the disclosure

2 December 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"

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:

 

Ordinary Shares of 0.125 pence each

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil


Nil


(2) Cash-settled derivatives:

 

Nil


Nil


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

Nil


Nil


 

     TOTAL:

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:

None

 

 

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:

 

3.1  Interests of Directors of Alternative Networks PLC in ordinary shares of 0.125 pence each

 

Name

Nature of Interest

Number of Alternative Networks Shares

Percentage of issued voting rights

James Murray

Shareholding

14,344,4881

28.8%

Bernard Cragg

Shareholding

35,0002

0.1%

Gavin Griggs

Shareholding

4,4323

0.0%

Mark Quartermaine

Shareholding

3,4044

0.0%

1.     Investec Bank plc ALTJM Acct is the registered holder of 13,644,488 Alternative Networks Shares as nominee for James Murray. Investec Bank plc ALTNJM Acct is the registered holder of 700,000 Alternative Networks Shares as nominee for Natasha Murray (James Murray's spouse)

2.     Lion Nominees Limited Account RB is the registered holder of 35,000 shares as nominee to the Roman Private Pension Scheme, Bernard Cragg's SSAS

3.     Capita IRG Trustees (Nominees) Limited Spaltnet Acct is the registered holder of 937 Alternative Networks Shares as nominee for Gavin Griggs. Hargreave Hale Nominees Limited LON Acct is the registered holder of 3,495 Alternative Networks Shares as nominee for Gavin Griggs

4.     Capita IRG Trustees (Nominees) Limited Spaltnet Acct is the registered holder of 937 Alternative Networks Shares as nominee for Mark Quartermaine. Hargreave Hale Nominees Limited LON Acct is the registered holder of 2,467 Alternative Networks Shares as nominee for Mark Quartermaine

 

3.2  Rights to subscribe of Directors of Alternative Networks PLC for ordinary shares of 0.125 pence each under the executive share option schemes

 

Name

Share Scheme (Date of grant)

Number of relevant Company shares

Exercise Price (£)

Exercise Period

Gavin Griggs

LTIP

(21 June 2013)

34,222

Nil

21 June 2016 -

21 June 2023

Gavin Griggs

LTIP

(12 June 2014)

67,412

Nil

12 June 2017 -

12 June 2024

Gavin Griggs

LTRP

(4 February 2015)

31,811

Nil

4 February 2018 -

4 February 2025

Mark Quartermaine

LTIP

(12 June 2014)

43,536

Nil

12 June 2017 -

12 June 2024

Mark Quartermaine

LTRP

(4 February 2015)

38,752

Nil

4 February 2018 -

4 February 2025

 

 

 

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:

5 December 2016
Contact name:

Gavin Griggs

Telephone number:

+44 (0) 870 190 7444

 

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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