Kennedy Wilson Europe Real Estate Form 8 (OPD) (7136D)
28 April 2017 - 9:12PM
UK Regulatory
TIDMKWE
RNS Number : 7136D
Kennedy Wilson Europe Real Estate
28 April 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")
1. KEY INFORMATION
(a) Full name of discloser: Kennedy Wilson Europe Real Estate Plc ("Offeree")
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(b) Owner or controller of interests and short positions The persons/entities listed in section 3 below
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.
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(c) Name of offeror/offeree in relation to whose relevant Kennedy-Wilson Holdings, Inc. ("Offeror")
securities this form relates:
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? Offeree
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(e) Date position held: 27 April 2017
The latest practicable date prior to the disclosure
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(f) In addition to the company in 1(c) above, is the discloser Yes - Kennedy Wilson Europe Real Estate plc
making disclosures in respect
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
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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: Shares of common stock, par value $0.0001 each (ISIN: US4893981070)
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Interests Short positions
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Number % Number %
------------------------------------------ ---------------------- ------------- --------------------- ------------
(1) Relevant securities owned and/or Nil Nil Nil Nil
controlled:
------------------------------------------ ---------------------- ------------- --------------------- ------------
(2) Cash-settled derivatives: Nil Nil Nil Nil
------------------------------------------ ---------------------- ------------- --------------------- ------------
(3) Stock-settled derivatives (including Nil Nil Nil Nil
options) and agreements to purchase/sell:
------------------------------------------ ---------------------- ------------- --------------------- ------------
Nil Nil Nil Nil
TOTAL:
------------------------------------------ ---------------------- ------------- --------------------- ------------
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
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Details, including nature of the rights concerned and relevant percentages: None
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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:
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(a) Interests in the Offeror's shares of common stock
Class of relevant Shares of common stock, par
security: value $0.0001 each (ISIN:
US4893981070)
----------------------- ------------------------------
Name Number %
----------------------- ------------------- ---------
William McMorrow
(director) 1,761,451[1] 1.54
----------------------- ------------------- ---------
Leslie McMorrow
(William McMorrow's
wife) 90,851 0.08
----------------------- ------------------- ---------
Tyler McMorrow
(William McMorrow's
son) 387,821 0.34
----------------------- ------------------- ---------
William McMorrow
and his close
relatives (held
by William McMorrow
as trustee of
the William
J. McMorrow
Revocable Trust) 11,270,894 9.87
----------------------- ------------------- ---------
William McMorrow 8,443 <0.01
and his close
relatives (held
by William McMorrow
as trustee of
the John & Sons
Retirement Trust)
----------------------- ------------------- ---------
Mary Ricks (director) 1,547,692[2] 1.65
----------------------- ------------------- ---------
Total 2,222,303 13.49
----------------------- ------------------- ---------
(b) Any other types of interests in the Offeror's shares of common stock)?
None
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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"
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(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"
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None
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) No
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Supplemental Form 8 (SBL) No
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Date of disclosure: 27 April 2017
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Contact name: Padmini Singla - General Counsel, Europe
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Telephone number: +44 20 3697 4159
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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.
[1] This number includes 583,334 restricted stock grants
("RSGs") issued to William McMorrow by the Offeror. Whilst these
RSGs have not yet vested, William McMorrow has the right to
exercise the voting rights in respect of the underlying stock in
the Offeror.
[2] This number includes 346,667 RSGs issued to Mary Ricks by
the Offeror. Whilst these RSGs have not yet vested, Mary Ricks has
the right to exercise the voting rights in respect of the
underlying stock in the Offeror.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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