TIDMEAS
RNS Number : 5830W
Energy Assets Group plc
28 April 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: Energy Assets Group plc
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(b) Owner or controller of interests and short positions 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.
-------------------------------------------------------------------------------------------- ------------------------
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Energy Assets Group plc
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 2016
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 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"
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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: Energy Assets Group plc ordinary shares of 1p each
---------------------------------------------------------- ----------------------------------------------------------
Interests Short positions
---------------------------------------------------------- ----------------------------- ---------------------------
Number % Number %
---------------------------------------------------------- ---------------- ----------- --------------- ----------
(1) Relevant securities owned and/or controlled: Nil 0.00 Nil 0.00
---------------------------------------------------------- ---------------- ----------- --------------- ----------
(2) Cash-settled derivatives: Nil 0.00 Nil 0.00
---------------------------------------------------------- ---------------- ----------- --------------- ----------
(3) Stock-settled derivatives (including options) and
agreements to purchase/sell: Nil 0.00 Nil 0.00
---------------------------------------------------------- ---------------- ----------- --------------- ----------
TOTAL: Nil 0.00 Nil 0.00
---------------------------------------------------------- ---------------- ----------- --------------- ----------
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: 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 (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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3(a) Director holdings of ordinary shares of 1p each in Energy
Assets Group plc
Director Number of Energy Percentage of
Assets Group existing issued
plc shares shares
-------------------- ----------------- -----------------
Dr Christopher
Masters 30,000 0.107%
-------------------- ----------------- -----------------
Philip Bellamy-Lee 10,125 0.036%
-------------------- ----------------- -----------------
David Russell
Gibson 10,108 0.036%
-------------------- ----------------- -----------------
John McMorrow 3,000 0.011%
-------------------- ----------------- -----------------
David MacFarlane 7,000 0.025%
-------------------- ----------------- -----------------
David Goldie 29,000 0.104%
-------------------- ----------------- -----------------
Matthew Booth 18,000* 0.064%
-------------------- ----------------- -----------------
* These Energy Assets Shares are held by a family trust of which
Matthew Booth is one of a number of beneficiaries, Matthew Booth is
neither a settlor of the family trust nor is he a trustee of that
trust
3(b) Director share options and share awards granted under the
Energy Assets Share Incentive Plan
Philip Bellamy-Lee
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
25/06/2012 1,564 Nil
-------------- ----------------- --------------------
16/07/2015 184 Nil
-------------- ----------------- --------------------
David Russell Gibson
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
25/06/2012 1,564 Nil
-------------- ----------------- --------------------
16/07/2015 184 Nil
-------------- ----------------- --------------------
John McMorrow
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
25/06/2012 1,564 Nil
-------------- ----------------- --------------------
16/07/2015 184 Nil
-------------- ----------------- --------------------
Director share options and share awards granted under the Energy
Assets Long Term Incentive (Approved Share Option) Plan
Philip Bellamy-Lee
--------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
--------------- ----------------- --------------------
23/03/2012 5,060 198
--------------- ----------------- --------------------
11/02/2014 6,091 328
--------------- ----------------- --------------------
David Russell Gibson
--------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
--------------- ----------------- --------------------
23/03/2012 5,060 198
--------------- ----------------- --------------------
11/02/2014 6,091 328
--------------- ----------------- --------------------
John McMorrow
--------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
--------------- ----------------- --------------------
23/03/2012 5,060 198
--------------- ----------------- --------------------
11/02/2014 6,091 328
(MORE TO FOLLOW) Dow Jones Newswires
April 28, 2016 02:01 ET (06:01 GMT)
--------------- ----------------- --------------------
Director share options and share awards granted under the Energy
Assets Long Term Incentive (Non-approved Share Option) Plan
Philip Bellamy-Lee
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
23/03/2012 106,261 Nil
-------------- ----------------- --------------------
11/02/2014 100,610 Nil
-------------- ----------------- --------------------
11/09/2014 96,128 Nil
-------------- ----------------- --------------------
29/07/2015 79,066 Nil
-------------- ----------------- --------------------
David Russell Gibson
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
23/03/2012 88,551 Nil
-------------- ----------------- --------------------
11/02/2014 80,030 Nil
-------------- ----------------- --------------------
11/09/2014 72,824 Nil
-------------- ----------------- --------------------
29/07/2015 61,033 Nil
-------------- ----------------- --------------------
John McMorrow
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
23/03/2012 60,721 Nil
-------------- ----------------- --------------------
11/02/2014 54,878 Nil
-------------- ----------------- --------------------
11/09/2014 54,618 Nil
-------------- ----------------- --------------------
29/07/2015 48,549 Nil
-------------- ----------------- --------------------
Director share options and share awards granted under the Energy
Assets Deferred Bonus Plan
Philip Bellamy-Lee
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
29/07/2015 14,933 Nil
-------------- ----------------- --------------------
David Russell Gibson
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
29/07/2015 11,313 Nil
-------------- ----------------- --------------------
John McMorrow
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
29/07/2015 8,485 Nil
-------------- ----------------- --------------------
3(c) Holdings of ordinary shares of 1p each in Energy Assets
Group plc of persons acting in concert with Energy Assets Group
plc
Person acting Number of Energy Percentage of
in concert Assets Group existing issued
plc shares shares
---------------------- ----------------- -----------------
Stephen Rodger
Booth (father
of Matthew Booth) 22,958 0.082%
---------------------- ----------------- -----------------
Ruth Mary Booth
(mother of Matthew
Booth) 3,093 0.011%
---------------------- ----------------- -----------------
Alexander Henry
Spencer Booth
(brother of Matthew
Booth) 4,773 0.017%
---------------------- ----------------- -----------------
Claire Louise
Spencer Booth
(sister of Matthew
Booth) 9,815 0.035%
---------------------- ----------------- -----------------
3(d) Share options and share awards granted to persons acting in
concert with Energy Assets Group plc
Share options granted under the Energy Assets Employee Retention
Award Plan
Vickie Gibson
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
14/02/2014 6,015 Nil
-------------- ----------------- --------------------
Share options granted under the Energy Assets Deferred Bonus
Plan
Vickie Gibson
-------------------------------------------------------
Date of grant Number of Energy Exercise Price
Assets Shares (per Energy Assets
Share) (p)
-------------- ----------------- --------------------
29/07/2015 2,358 Nil
-------------- ----------------- --------------------
3(e) Details of share options and share awards granted under the
Energy Assets share plans
Conditional upon the court sanction of the scheme of arrangement
dated 26 April 2016 and as contained in the scheme circular of
Energy Assets Group plc dated 26 April 2016 (the "Scheme"), all of
the share options set out above will vest upon the court sanction
of the Scheme to the extent they have not already vested. The
awards under the Energy Assets Deferred Bonus Plan are already
exercisable.
However, of this number (1) 18,273 of the Energy Assets Shares
subject to options granted under the Energy Assets Long Term
Incentive (Approved Share Option) Plan will not become exercisable
and instead Energy Assets Shares will be delivered and will be
exercisable under an award granted on the same day as the original
option under the non-approved Energy Assets Long Term Incentive
Plan which is "linked" to the award granted under the Energy Assets
Long Term Incentive (Approved Share Option) Plan and (2) 10,791 of
the Energy Assets Shares subject to options granted under the
non-approved Energy Assets Long Term Incentive Plan at an exercise
price of nil will not become exercisable and instead 15,180 Energy
Assets Shares will be delivered and will be exercisable under an
award granted at an exercise price of GBP1.98 per Energy Assets
Share on the same day as the option granted under the Energy Assets
Long Term Incentive (Approved Share Option) Plan which is "linked"
to the award granted under the non-approved Energy Assets Long Term
Incentive Plan. This means 1,085,330 shares under award will be
released as a result of the recommended cash acquisition by Euston
BidCo Limited of the issued and to be issued share capital of
Energy Assets Group plc to be effected by means of the Scheme.
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
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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"
----------------------------------------------------------------------------------------------
None
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(c) Attachments
(MORE TO FOLLOW) Dow Jones Newswires
April 28, 2016 02:01 ET (06:01 GMT)
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
------------------------------------- ---
Supplemental Form 8 (SBL) NO
------------------------------------- ---
Date of disclosure: 28 April 2016
--------------------- --------------
Contact name: John McMorrow
--------------------- --------------
Telephone number: 01506 405 405
--------------------- --------------
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
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April 28, 2016 02:01 ET (06:01 GMT)
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