TIDMMWB TIDMMBE
RNS Number : 6694F
MWB Group Holdings PLC
28 April 2011
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) Identity of the party to the MWB Group Holdings Plc
offer making the disclosure:
-------------------------------------- --------------------------------------
(b) Owner or controller of MWB Property Limited, a wholly owned
interests and short positions subsidiary of MWB Group Holdings Plc
disclosed, if different from
1(a): The naming of nominee or
vehicle companies is
insufficient
-------------------------------------- --------------------------------------
(c) Name of offeror/offeree in MWB Business Exchange Plc
relation to whose relevant
securities this form relates: Use
a separate form for each party to
the offer
-------------------------------------- --------------------------------------
(d) Is the party to the offer OFFEROR
making the disclosure the offeror
or the offeree?
-------------------------------------- --------------------------------------
(e) Date position held: 28 April 2011
-------------------------------------- --------------------------------------
(f) Has the party previously YES
disclosed, or is it today MWB Group Holdings Plc
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: Ordinary shares of 0.1p each
---------------------------------- ------------------------------------------
Interests Short positions
---------------------------------- ---------------------- ------------------
Number % Number %
---------------------------------- ------------- ------- ------------- ---
(1) Relevant securities owned
and/or controlled: 46,951,379 72.28 Nil -
---------------------------------- ------------- ------- ------------- ---
(2) Derivatives (other than
options): Nil - Nil -
---------------------------------- ------------- ------- ------------- ---
(3) Options and agreements to
purchase/sell: Nil - Nil -
---------------------------------- ------------- ------- ------------- ---
TOTAL: 46,951,379 72.28 Nil -
---------------------------------- ------------- ------- ------------- ---
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 None
right exists:
------------------------------------------------------------- -----
Details, including nature of the rights concerned None
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):
----------------------------------------------------------
Irrevocable commitments to vote in favour of the proposed
acquisition have been obtained from the following
directors of MWB Business Exchange Plc:
Number of
shares in
MWB Business
Exchange Percentage
Director Plc of shares
John Spencer 46,666 0.07%
Rick
Aspland-Robinson 41,666 0.06%
Keval Pankhania 61,666 0.09%
----------------------------------------------------------
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:
--------------------------------------------------------
The following directors of MWB Group Holdings Plc
hold the following interests in shares of MWB Business
Exchange Plc:
Number of
shares in
MWB Business
Exchange Percentage of
Director Plc shares
Richard
Balfour-Lynn(1) 577,500 0.89%
Jagtar Singh(1) 162,500 0.25%
(1) Member of the MWB Group Holdings Plc 1997 Concert
Party. See below.
The following persons who are members of the MWB Group
Holdings Plc 1997 Concert Party and are deemed by
the Panel on Takeovers and Mergers to be acting in
concert, hold the following interests in shares of
MWB Business Exchange Plc:
Number of
shares in MWB
Member of 1997 Business Percentage of
Concert Party Exchange Plc shares
Richard
Balfour-Lynn 577,500 0.89%
Andrew Blurton 257,500 0.40%
Jagtar Singh 162,500 0.25%
Michael
Bibring None -
William
Broadbent 33,086 0.05%
John Harrison 160,000 0.25%
Joseph Shashou 78,250 0.12%
Ogier Employee None -
Benefit
Trustee
Limited as
trustee of
the 1997
Marylebone
Warwick
Balfour Group
Employee
Share Scheme
Ogier Employee None -
Benefit
Trustee
Limited as
trustee of
the 2009 MWB
Group
Employee
Share Scheme
--------------------------------------------------------
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"
------------------------------------------------------------------
The irrevocable commitments referred to in paragraph
2(c) above contain restrictions on dealings in MWB
Business Exchange Plc.
------------------------------------------------------------------
(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: 28 April 2011
--------------------- -------------------------------
Contact name: Jagtar Singh, Finance Director
--------------------- -------------------------------
Telephone number: 020 7706 2121
--------------------- -------------------------------
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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