Toscafund Asset Management LLP Form 8 (OPD) (Toscafund, Penta, Matt Riley) (0566Q)
August 26 2014 - 12:25PM
UK Regulatory
TIDMDAY
RNS Number : 0566Q
Toscafund Asset Management LLP
26 August 2014
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 offer making the disclosure: Toscafund Asset Management LLP
Penta Capital LLP
Matthew Riley
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(b) Owner or controller of interests and short positions disclosed, if Tosca Mid Cap - 24,367,282 Ord shares
different from 1(a): Tosca Opportunity - 51,704,074 Ord shares
The naming of nominee or vehicle companies is insufficient Matthew Riley - 61,431,110 Ord shares
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(c) Name of offeror/offeree in relation to whose relevant securities Daisy Group plc
this form relates:
Use a separate form for each party to the offer
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(d) Is the party to the offer making the disclosure the offeror or the OFFEROR
offeree?
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(e) Date position held: 26 August 2014
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(f) Has the party previously disclosed, or is it today disclosing, under NO
the Code in respect
of any other party to this offer?
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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
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Interests Short positions
-------------------------------------------------- --------------------- ------------------
Number % Number %
-------------------------------------------------- ------------ ------- ------------- ---
(1) Relevant securities owned and/or controlled: 137,502,466 51.505 0 0
-------------------------------------------------- ------------ ------- ------------- ---
(2) Derivatives (other than options): 0 0 0 0
-------------------------------------------------- ------------ ------- ------------- ---
(3) Options and agreements to purchase/sell: 0 0 0 0
-------------------------------------------------- ------------ ------- ------------- ---
TOTAL: 137,502,466 51.505 0 0
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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 Ordinary shares of 2 pence each
subscription right exists:
---------------------------------------------------------- ----------------------------------------------------------
Details, including nature of the rights concerned and Executive share options held by Matthew Riley - The right
relevant percentages: to subscribe for 2,500,000 shares
at an exercise price 80p each in the period from 1 July
2009 to 30 June 2016.
Executive share award to Matthew Riley - The right to
subscribe for 892,857 ordinary shares
at nil cost, which will vest as follows. If adjusted EPS
of Daisy Group in the year to 31
March 2016 is 15.4p, 50% will vest. If adjusted EPS of
Daisy Group in the year to 31 March
2016 reaches 17.0p, 100% will vest. There will be a
straight line apportionment of the award
between 50% and 100% if the adjusted EPS lies between
15.4p and 17.0p.
Executive share award to Matthew Riley - The right to
subscribe for 540,541 ordinary shares
at nil cost, which will vest as follows. If adjusted EPS
of Daisy Group in the year to 31
March 2017 is 16.3p, 50% will vest. If adjusted EPS of
Daisy Group in the year to 31 March
2017 reaches 18.0p, 100% will vest. There will be a
straight line apportionment of the award
between 50% and 100% if the adjusted EPS lies between
16.3p and 18.0p
Total - 3,933,398
---------------------------------------------------------- ----------------------------------------------------------
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):
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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 of any person acting in
concert with the party to the offer making the disclosure:
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NONE
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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
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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: 26 August 2014
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Contact name: Robert Lord
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Telephone number: 0207 845 6100
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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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