Rule 8 OPD (Amended)
01 September 2010 - 1:15AM
UK Regulatory
TIDMCHX
Chromex Mining plc
(the "Company" or "Chromex")
Rule 8 OPD (Amended)
The Company wishes to draw attention to an amendment made to Paragraph 3
(details of convertible loan held by parties connected with major shareholder
and correction to director shareholding). (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).
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) Identity of the party to the offer making the |Chromex Mining plc|
|disclosure: | |
+-----------------------------------------------------------+------------------+
| (b) Owner or controller of interests and short positions | |
|disclosed, if different from 1(a): | |
| The naming of nominee or vehicle companies is | |
|insufficient | |
+-----------------------------------------------------------+------------------+
| (c) Name of offeror/offeree in relation to whose relevant |Chromex Mining plc|
|securities this form relates: | |
| Use a separate form for each party to the offer | |
+-----------------------------------------------------------+------------------+
| (d) Is the party to the offer making the disclosure the |OFFEREE |
|offeror or the offeree? | |
+-----------------------------------------------------------+------------------+
| (e) Date position held: |23 July 2010 |
+-----------------------------------------------------------+------------------+
| (f) Has the party previously disclosed, or is it today |NO |
|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 of relevant security: | 1p Ordinary |
| | |
+-------------------------------------------------+---------+-------------+
| |Interests| Short |
| | | positions |
| +------+--+------+------+
| |Number|% |Number| % |
+-------------------------------------------------+------+--+------+------+
| (1) Relevant securities owned and/or controlled:| - |- | - | - |
+-------------------------------------------------+------+--+------+------+
| (2) Derivatives (other than options): | - |- | - | - |
+-------------------------------------------------+------+--+------+------+
| (3) Options and agreements to purchase/sell: | - |- | - | - |
+-------------------------------------------------+------+--+------+------+
| | - |- | - | - |
| TOTAL: | | | | |
+-------------------------------------------------+------+--+------+------+
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, 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: |-|
+---------------------------------------------------------------------------+-+
|Details, including nature of the rights concerned and relevant percentages:|-|
+---------------------------------------------------------------------------+-+
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.
(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): |
+------------------------------------------------------------------------------+
| |
|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 of any |
|person acting in concert with the party to the offer making the disclosure: |
+------------------------------------------------------------------------------+
|Interests: |
| |
| Brian Moritz and connected parties 5,050,000 |
| |
| James Burgess and connected parties 5,300,000 |
| |
| Spruce Management Limited 32,675,000 |
| |
| Ocean Equities Limited 200,000 |
| |
|Short positions - Nil |
| |
|Rights to subscribe (Warrants) |
| |
|James Burgess and connected parties 300,000 |
| |
| |
|Parties connected with Spruce Management Limited made a ZAR 30 million loan |
|facility available to the Company in December 2008. ZAR 20 million of this |
|loan is currently drawn. The loan confers the right for the holder to convert |
|all or part of such loan (and accrued interest) into ordinary shares in the |
|Company at 22 pence per share at any time up to 17 December 2010. |
| |
|Rights to subscribe (Options) |
| |
| Russell Lamming 3,300,000 |
| |
| Brian Moritz 600,000 |
| |
| Graham Stacey 2,075,000 |
| |
+------------------------------------------------------------------------------+
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 3 for
each additional class of relevant security.
Details of any open derivative or option positions, 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: |
|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: | 31 August 2010 |
+---------------------+---------------------+
| Contact name: | Russell Lamming |
+---------------------+---------------------+
| Telephone number: | +44 (0)207 318 0450 |
+---------------------+---------------------+
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available
for consultation in relation to the Code's dealing disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
[HUG#1441725]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Chromex Mining PLC via Thomson Reuters ONE
Chromex (LSE:CHX)
Historical Stock Chart
From Feb 2025 to Mar 2025
Chromex (LSE:CHX)
Historical Stock Chart
From Mar 2024 to Mar 2025
Real-Time news about Chromex (London Stock Exchange): 0 recent articles
More Chromex News Articles
