Tangent Communications PLC Form 8 (OPD) Tangent Communications plc (7174O)
11 February 2016 - 5:13AM
UK Regulatory
TIDMTNG
RNS Number : 7174O
Tangent Communications PLC
10 February 2016
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: Tangent Communications PLC
----------------------------------------------------------------------------------------- ---------------------------
(b) Owner or controller of interests and short positions disclosed, if different from N/A
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: Tangent Communications PLC
Use a separate form for each offeror/offeree
----------------------------------------------------------------------------------------- ---------------------------
(d) Is the discloser the offeror or the offeree? OFFEREE
----------------------------------------------------------------------------------------- ---------------------------
(e) Date position held: 9 February 2016
The latest practicable date prior to the disclosure
----------------------------------------------------------------------------------------- ---------------------------
(f) In addition to the company in 1(c) above, is the discloser making disclosures in N/A
respect
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
----------------------------------------------------------------------------------------- ---------------------------
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 1p each
------------------------------------------------------------------------------ --------------------------------------
Interests Short positions
------------------------------------------------------------------------------ ------------------ ------------------
Number % Number %
------------------------------------------------------------------------------ ------------- --- --------------
(1) Relevant securities owned and/or controlled: Nil 0 Nil 0
------------------------------------------------------------------------------ ------------- --- --------------
(2) Cash-settled derivatives: Nil 0 Nil 0
------------------------------------------------------------------------------ ------------- --- --------------
(3) Stock-settled derivatives (including options) and agreements to
purchase/sell: Nil 0 Nil 0
------------------------------------------------------------------------------ ------------- --- --------------
TOTAL: Nil 0 Nil 0
------------------------------------------------------------------------------ ------------- --- --------------
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:
-----------------------------------------------------------------------------------------------
The independent directors of Tangent Communications PLC (the "Company") have the following
interests in the Company:
Director No. of ordinary % of issued
shares share capital
--------------- ---------------- ---------------
Kevin Cameron 1,274,230 0.46
--------------- ---------------- ---------------
Nigel Kissack 337,744 0.12
--------------- ---------------- ---------------
The Directors of the Company have the following right to subscribe for the following relevant
Company securities:
Name Share Date Exercise Exercise Number
of holder Scheme of grant price period of relevant
(pence) Tangent
Shares
------------ ------------ ------------ --------- ------------ -------------
Kevin Until
Cameron Unapproved 28/11/2010 1p 31/08/2018 255,234
------------ ------------ ------------ --------- ------------ -------------
Kevin Until
Cameron Unapproved 23/06/2011 1p 31/08/2018 777,000
------------ ------------ ------------ --------- ------------ -------------
Kevin Until
Cameron EMI Scheme 07/11/2007 12.25p 06/11/2017 100,000
------------ ------------ ------------ --------- ------------ -------------
-----------------------------------------------------------------------------------------------
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: 10 February 2016
--------------------- --------------------
Contact name: Kevin Cameron
--------------------- --------------------
Telephone number: +44 (0) 1670 706865
--------------------- --------------------
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 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
END
FEEBIGDDBBBBGLG
(END) Dow Jones Newswires
February 10, 2016 13:13 ET (18:13 GMT)
Tangent Communications (LSE:TNG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tangent Communications (LSE:TNG)
Historical Stock Chart
From Jul 2023 to Jul 2024