Honeycomb Investment Trust PLC Form 8 (OPD) (Pollen Street Secured Lending PLC) (7398W)
August 20 2020 - 7:50AM
UK Regulatory
TIDMHONY TIDMPSSL
RNS Number : 7398W
Honeycomb Investment Trust PLC
20 August 2020
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: Honeycomb Investment Trust plc
(b) Owner or controller of interests and short positions disclosed, if N/A
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 Pollen Street Secured Lending plc ("PSSL")
this form relates:
Use a separate form for each offeror/offeree
---------------------------------------------
(d) Is the discloser the offeror or the offeree? OFFEROR
---------------------------------------------
(e) Date position held: 19 August 2020
The latest practicable date prior to the disclosure
---------------------------------------------
(f) In addition to the company in 1(c) above, is the discloser making Yes - Honeycomb Investment Trust plc ("HIT")
disclosures in 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:
Interests Short positions
------------ ------------------
Number % Number %
-------- ------------- ---
(1) Relevant securities owned and/or controlled: Nil - Nil -
-------- ------------- ---
(2) Cash-settled derivatives: Nil - Nil -
-------- ------------- ---
(3) Stock-settled derivatives (including 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
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:
a). Interests of PDMRs of Pollen Street Capital Limited in PSSL's ordinary shares of GBP0.01
each:
PDMR Number of ordinary % of voting rights
shares (1)
Lindsey McMurray(2) 316,915 0.43
------------------- -------------------
Matthew Potter 35,277 0.05
------------------- -------------------
Steve Plowman(3)(4) 21,925 0.03
------------------- -------------------
Michael England 18,903 0.03
------------------- -------------------
Ian Gascoigne 18,890 0.03
------------------- -------------------
(1) Pursuant to the Rule 2.9 announcement made by PSSL on 20 August 2020, as at 19 August
2020 PSSL had 86,306,803 ordinary shares of GBP0.01 each in issue, of which 12,586,576 ordinary
shares were held in treasury. The total number of voting rights in PSSL was therefore 73,720,227.
(2) Shares are held jointly by Lindsey McMurray and her husband.
(3) Steve Plowman is a previous PDMR of Pollen Street Capital Limited.
(4) Shares held indirectly through Hap Limited, a private limited company jointly owned by
Steve Plowman and his wife.
b). Interests of persons presumed to be acting in concert with HIT in PSSL's ordinary shares
of GBP0.01 each:
Shareholder Number of ordinary % of voting rights
shares owned and/or (1)
controlled (2)
Quilter plc (and
its subsidiaries)(2) 14,874,420 20.18
--------------------- -------------------
(1) Pursuant to the Rule 2.9 announcement made by PSSL on 20 August 2020, as at 19 August
2020 PSSL had 86,306,803 ordinary shares of GBP0.01 each in issue, of which 12,586,576 ordinary
shares were held in treasury. The total number of voting rights in PSSL was therefore 73,720,227.
(2) Information relating to Quilter plc's ("Quilter") interests in PSSL's securities has
been taken from the latest dealing disclosure made by Quilter on 18 August 2020 in respect
of PSSL securities.
(3) Under the UK Takeover Code, Quilter is presumed to be acting in concert with HIT as it
has ownership or control of 20 per cent. or more of HIT's equity share capital.
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: 20 August 2020
Contact name: Tom O'Neill
-------------------
Telephone number: +(44) 203 728 6750
-------------------
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 .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
FEEDZGZRMGDGGZM
(END) Dow Jones Newswires
August 20, 2020 07:50 ET (11:50 GMT)
Honeycomb Investment (LSE:HONY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Honeycomb Investment (LSE:HONY)
Historical Stock Chart
From Oct 2023 to Oct 2024