Form 8 (OPD) Braemar Group plc
11 June 2010 - 2:00AM
UK Regulatory
TIDMBRK TIDMBRG
RNS Number : 4382N
Brooks Macdonald Group PLC
10 June 2010
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) | Brooks |
| Identity | Macdonald |
| of the | Group plc |
| party to | ("Brooks |
| the | Macdonald") |
| offer | |
| making | |
| the | |
| disclosure: | |
+-----------------+-------------+
| (b) | N/A |
| Owner | |
| or | |
| controller | |
| of | |
| interests | |
| and short | |
| positions | |
| disclosed, | |
| if | |
| different | |
| from 1(a): | |
+-----------------+-------------+
| (c) | Braemar |
| Name | Group |
| of | plc |
| offeror/offeree | ("Braemar") |
| in relation to | |
| whose relevant | |
| securities this | |
| form relates: | |
+-----------------+-------------+
| (d) Is | Offeror |
| the | |
| party | |
| to the | |
| offer | |
| making | |
| the | |
| disclosure | |
| the | |
| offeror or | |
| the | |
| offeree? | |
+-----------------+-------------+
| (e) | 9 June |
| Date | 2010 |
| position | |
| held: | |
+-----------------+-------------+
| (f) | No |
| Has | |
| the | |
| party | |
| previously | |
| disclosed, | |
| or is it | |
| today | |
| disclosing, | |
| under the | |
| Code in | |
| respect of | |
| any other | |
| party to | |
| this offer? | |
+-----------------+-------------+
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the
offeror or offeree to which the disclosure relates
+----------------+------------+--------+--------+--------+
| Class | Offeree Ordinary Shares |
| of | |
| relevant | |
| security: | |
| | |
+----------------+---------------------------------------+
| | Interests |Short positions |
| | | |
+ +---------------------+-----------------+
| | Number | % |Number | % |
+----------------+------------+--------+--------+--------+
| (1) | 351,857 | 0.2% | Nil | |
| Relevant | | | | |
| securities | | | | |
| owned | | | | |
| and/or | | | | |
| controlled: | | | | |
+----------------+------------+--------+--------+--------+
| (2) | Nil | Nil | Nil | |
| Derivatives | | | | |
| (other than | | | | |
| options): | | | | |
+----------------+------------+--------+--------+--------+
| (3) |48,257,421 | 28.0% | Nil | |
| Options | | | | |
| and | | | | |
| agreements | | | | |
| to | | | | |
| purchase/sell: | | | | |
+----------------+------------+--------+--------+--------+
| |48,609,278 | 28.2% | Nil | |
| TOTAL: | | | | |
+----------------+------------+--------+--------+--------+
The Ordinary Shares which are referred to in (1) above are owned by Brooks
Macdonald Nominees Limited, a wholly owned subsidiary undertaking of Brooks
Macdonald, on behalf of a Brooks Macdonald asset management client. The shares
were purchased at the request of the client and voting on corporate actions in
respect of these shares is at the discretion of the client.
The Ordinary Shares which are referred to in (3) above are subject to the
Management Share Purchase Agreement (details of which are provided in the
Supplemental Form 8).
(b) Rights to subscribe for new securities
+--------------+--------+
| Class | Nil |
| of | |
| relevant | |
| security | |
| in | |
| relation | |
| to which | |
| subscription | |
| right | |
| exists: | |
+--------------+--------+
| Details, | Nil |
| including | |
| nature of | |
| the | |
| rights | |
| concerned | |
| and | |
| relevant | |
| percentages: | |
+--------------+--------+
(c) Irrevocable commitments and letters of intent
+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| Details |
| of any |
| irrevocable |
| commitments |
| or letters |
| of intent |
| procured by |
| the party |
| to the |
| offer |
| making the |
| disclosure |
| or any |
| person |
| acting in |
| concert |
| with it |
| (see Note 3 |
| on Rule |
| 2.11 of the |
| Code): |
+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| |
| Brooks Macdonald has received irrevocable undertakings to accept or procure acceptance of the Offer in respect of, in aggregate, 69,041,665 Ordinary Shares (representing approximately 40.1 per cent. of the existing issued Ordinary Shares and approximately 55.7 per cent. of the Ordinary Shares to which the Offer will relate), as detailed below: |
| |
| Name No. of % of current % of |
| Ordinary issued Ordinary |
| Shares Ordinary Shares to |
| Shares which the |
| Offer will |
| relate |
| Anthony 4,641,667 2.7 3.7 |
| McFarland |
| Ciano 47,133,332 27.4 38.1 |
| Investments |
| Limited |
| Stephen 8,933,333 5.2 7.2 |
| Hemsley |
| Nigel Wray 8,333,333 4.8 6.7 |
| ___________ _____________ ____________ ____________ |
| TOTAL 69,041,665 40.1 55.7 |
| |
+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER
MAKING THE DISCLOSURE
+-------------+
| |
| None |
| |
+-------------+
| Details |
| of any |
| interests, |
| short |
| positions |
| and rights |
| to |
| subscribe |
| of any |
| person |
| acting in |
| concert |
| with the |
| party to |
| the offer |
| making the |
| disclosure: |
+-------------+
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: |
| |
+----------------+
| |
| 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: |
| |
+----------------+
| |
| None |
| |
+----------------+
(c) Attachments
Are any Supplemental Forms attached?
+--------------+--------+
| Supplemental | YES |
| Form 8 (Open | |
| Positions) | |
+--------------+--------+
| Supplemental | NO |
| Form 8 (SBL) | |
+--------------+--------+
+-------------+-----------+
| Date | 10 |
| of | June |
| disclosure: | 2010 |
+-------------+-----------+
| Contact | Bruce |
| name: | Garrow, |
| | Collins |
| | Stewart |
| | Europe |
| | Ltd |
+-------------+-----------+
| Telephone | +44 |
| number: | (0)20 |
| | 7523 8350 |
+-------------+-----------+
Note that defined terms in this form have the same meaning as in the
announcement of Brooks Macdonald's recommended cash offer for Braemar on 8 June
2010
This information is provided by RNS
The company news service from the London Stock Exchange
END
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