TIDMKBC
RNS Number : 3007M
KBC Advanced Technologies plc
19 January 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: KBC Advanced Technologies plc
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(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.
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(c) Name of offeror/offeree in relation to whose relevant securities this form KBC Advanced Technologies plc
relates:
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: 18 January 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 No
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:
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Interests Short positions
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Number % Number %
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(1) Relevant securities owned and/or controlled: 214,000 0.26 Nil 0
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(2) Cash-settled derivatives: Nil 0 Nil 0
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(3) Stock-settled derivatives (including options) and agreements to
purchase/sell: Nil 0 Nil 0
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TOTAL: 214,000* 0.26 Nil 0
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*These shares are held by KBC Advanced Technologies plc as
treasury shares.
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
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Details, including nature of the rights concerned and relevant percentages: N/A
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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 (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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The Directors of KBC Advanced Technologies plc (the "Company") have the following interests
in the Company:
Director No. of Shares % of issued
share capital
O Scott* 10,857,550 13.15%
I Godden 276,000 0.34%
A Howell 83,164 0.10%
K Smith 57,842 0.07%
*Deemed beneficial interest held through Kestrel Opportunities Fund ("Kestrel Opportunities").
As a shareholder in Kestrel Opportunities, Mr Scott is deemed to have a beneficial interest
in 10,857,550 shares of the Company that are held by Kestrel Opportunities through its registered
holder BNY Mellon a/c (Butterfield Bank Guernsey Limited).
The Directors of the Company have the following interests in options over ordinary shares
in the Company:
Director No. of shares Exercise Earliest Date of
to which price date of expiry
options (p) exercise
relate
Eric Dodd 40,000 2.5p 2016 2025
60,000 2.5p 2018 2025
Andrew Howell 22,500 2.5p 2016 2017
10,000 2.5p 2016 2023
32,400 2.5p 2017 2018
21,600 2.5p 2016 2024
15,000 2.5p 2017 2018
10,000 2.5p 2016 2024
105,000 2.5p 2018 2019
30,000 2.5p 2016 2025
40,000 2.5p 2016 2025
Kevin Smith 22,500 2.5p 2016 2017
10,000 2.5p 2016 2023
32,400 2.5p 2017 2018
21,600 2.5p 2016 2024
15,000 2.5p 2017 2018
10,000 2.5p 2016 2024
60,000 2.5p 2018 2019
40,000 2.5p 2016 2025
Ian Godden 125,000 Nil 2014 2018
125,000 Nil 2015 2018
50,000 Nil 2014 2018
50,000 Nil 2014 2018
50,000 Nil 2016 2018
Apart from the interests disclosed above, no Directors hold interests in the share capital
or loan stock of the Company or other Group companies.
In addition to the above, 507,790 ordinary shares in total are held by the KBC Advanced Technologies
plc Employee Trust and the KBC Advanced Technologies plc Employee Benefit Trust 2013.
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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"
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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"
January 19, 2016 05:33 ET (10:33 GMT)
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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: 19(th) January 2016
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Contact name: Janet Ireland
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Telephone number: 01932 242424
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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 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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