Form 8 (OPD) Liberty PLC - Amendment
May 28 2010 - 9:17AM
UK Regulatory
TIDMLBE
RNS Number : 7453M
BlueGem Capital Partners LLP
28 May 2010
+---------------------------------------------------------------------------+
| Press Announcement |
+---------------------------------------------------------------------------+
| For immediate release |
+---------------------------------------------------------------------------+
| 28 May 2010 |
+---------------------------------------------------------------------------+
| Company |
+---------------------------------------------------------------------------+
| BLUEGEM GAMMA LIMITED |
+---------------------------------------------------------------------------+
| |
+---------------------------------------------------------------------------+
| Title |
+---------------------------------------------------------------------------+
| AMENDED PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER |
| Rules 8.1 and 8.2 of the Takeover Code (the "Code") |
| |
| 2.(c) - Corrects details disclosed previously |
+---------------------------------------------------------------------------+
+--+-------------------------------+-----------+
| 1.| KEY INFORMATION | |
+--+-------------------------------+-----------+
| | | |
+--+-------------------------------+-----------+
| (a)| Identity of the party to the | BLUEGEM |
| | offer making the disclosure: | GAMMA |
| | | LIMITED |
+--+-------------------------------+-----------+
| | | |
+--+-------------------------------+-----------+
| (b)| Owner or controller of | |
| | interests and short positions | |
| | disclosed, if different from | |
| | 1(a): | |
| | The naming of nominee or | |
| | vehicle companies is | |
| | insufficient | |
+--+-------------------------------+-----------+
| | | |
+--+-------------------------------+-----------+
| (c)| Name of offeror/offeree in | LIBERTY |
| | relation to whose relevant | PLC |
| | 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: | 19 MAY |
| | | 2010 |
+--+-------------------------------+-----------+
| | | |
+--+-------------------------------+-----------+
| (f)| Has the party previously | NO |
| | disclosed, or is it today | |
| | 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: | | |
+-------------------+------------+-------------+
| | Interests | Short |
| | | positions |
+-------------------+------------+-------------+
| | Number |% | Number |% |
+-------------------+---------+--+---------+---+
| (1)| Relevant | NIL | | NIL | |
| | securities | | | | |
| | owned and/or | | | | |
| | controlled: | | | | |
+--+----------------+---------+--+---------+---+
| (2)| Derivatives | NIL | | NIL | |
| | (other than | | | | |
| | options): | | | | |
+--+----------------+---------+--+---------+---+
| (3)| Options and | NIL | | NIL | |
| | agreements to | | | | |
| | purchase/sell: | | | | |
+--+----------------+---------+--+---------+---+
| | TOTAL: | | | | |
+--+----------------+---------+--+---------+---+
+----------------------------------------------+
| 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 | NONE |
| | relation to which subscription | |
| | right exists: | |
+--+---------------------------------+--------+
| | | |
+--+---------------------------------+--------+
| | Details, including nature of | N/A |
| | the rights concerned 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): |
+----------------------------------------------+
| |
+----------------------------------------------+
| Summary of principal terms of Liberty Offer |
| Irrevocables |
+----------------------------------------------+
| |
+----------------------------------------------+
| BlueGem has received hard irrevocable |
| undertakings as follows: |
+----------------------------------------------+
+-----------------------------+------------+--------+
| MWB Retail Stores | 15,440,432 | 68.3% |
| Shareholder Limited | | |
+-----------------------------+------------+--------+
| Cartesian Partners LP | 2,359,177 | 10.4% |
+-----------------------------+------------+--------+
| Principle Capital | 1,693,541 | 7.5% |
| Investments Limited | | |
+-----------------------------+------------+--------+
| MWB Management Services | 6,977 | 0.0% |
| Limited | | |
+-----------------------------+------------+--------+
| | | |
+-----------------------------+------------+--------+
| Total hard irrevocables | 19,500,127 | 86.3% |
+-----------------------------+------------+--------+
| | | |
+-----------------------------+------------+--------+
| Amendment: The previous announcement dated |
| 19 May 2010 incorrectly stated the number of |
| MWB Retail Stores Shareholder Limited shares |
| as 15,440,412 and the number of MWB |
| Management Services Limited shares as 6,997. |
| This amendment does not change either the |
| total number of MWB shares for which |
| irrevocable undertakings have been received |
| nor the total number of hard irrevocables. |
+-----------------------------+------------+--------+
+----------------------------------------------+
| Each person who has entered into a hard |
| irrevocable undertaking has undertaken (on |
| its own behalf and on behalf of its |
| associates) inter alia not to (i) sell, |
| transfer, charge, encumber, grant any option |
| over or otherwise dispose of any interest in |
| any ordinary shares such person holds in |
| Liberty; (ii) accept any other offer in |
| respect of its ordinary shares in Liberty; |
| (iii) purchase, sell or otherwise deal in |
| ordinary shares in Liberty or any interest |
| therein; (iv) requisition any shareholder |
| meeting of Liberty; or (v) agree to do any |
| of the things described in (i) or (ii) |
| above. |
+----------------------------------------------+
| |
+----------------------------------------------+
| Such persons have further undertaken inter |
| alia to accept or procure the acceptance of |
| the Proposed Offer in respect of their |
| ordinary shares in Liberty and not to |
| withdraw or procure the withdrawal of such |
| acceptance. |
+----------------------------------------------+
| |
+----------------------------------------------+
| From the time that a Proposed Offer is |
| announced to the time that a Proposed Offer |
| becomes wholly unconditional, lapses or is |
| withdrawn, such persons have undertaken to |
| exercise votes (and or any other rights) |
| attaching to their ordinary shares in |
| Liberty in accordance with BlueGem's |
| directions in relation to the passing or |
| proposal of any resolution necessary to |
| implement the Proposed Offer or which, if |
| passed, might result in any condition of the |
| Proposed Offer not being fulfilled or which |
| might impede or frustrate the Proposed |
| Offer. |
+----------------------------------------------+
| |
+----------------------------------------------+
| The undertakings provided by MWB, MWB Retail |
| Stores Shareholder Limited and MWB |
| Management Services Limited are conditional |
| on the sale by MWB of the Relevant Liberty |
| Shares pursuant to the Proposed Offer being |
| approved by shareholders of MWB at a general |
| meeting of the shareholders of MWB. |
+----------------------------------------------+
| |
+----------------------------------------------+
| The undertakings shall also lapse and shall |
| cease to be binding if the Proposed Offer is |
| not formally announced by 8 June 2010; or if |
| after the Proposed Offer is announced the |
| Panel on Takeovers and Mergers consents to |
| BlueGem not making the offer or an event |
| occurs which means that BlueGem is no longer |
| required by the Takeover Code to proceed |
| with the Offer; or if the offer document and |
| associated form of acceptance in respect of |
| the Proposed Offer is not posted within 28 |
| days of the formal announcement of the |
| Proposed Offer; or if the Proposed Offer |
| once formally announced lapses or is |
| withdrawn in accordance with the Takeover |
| Code. |
+----------------------------------------------+
| |
+----------------------------------------------+
| In addition, the directors of Liberty have |
| undertaken inter alia (i) to recommend the |
| Proposed Offer to the shareholders of |
| Liberty; (ii) not to solicit, initiate or |
| encourage any other person to make an offer |
| for Liberty; and (iii) except where required |
| by his duties as a director of Liberty or |
| under the Takeover Code, and in any event |
| only in response to an unsolicited approach, |
| not to enter into or continue discussions or |
| agreements with, or provide any information |
| to any person considering making such an |
| offer or otherwise take any action which |
| might be prejudicial to the outcome of the |
| Proposed Offer. |
+----------------------------------------------+
| |
+----------------------------------------------+
| Capitalised terms above are as defined in |
| the 2.4 announcement dated 7 May 2010. |
+----------------------------------------------+
+--+-------------------------------------------+
| 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: |
+----------------------------------------------+
| N/A |
+----------------------------------------------+
| |
+----------------------------------------------+
| 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 |
+----------------------------------------------+
+--+-------------------------------------------+
| (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 | NO |
| Positions) | |
+--------------------------------+---------------+
| Supplemental Form 8 (SBL) | NO |
+--------------------------------+---------------+
| | |
+--------------------------------+---------------+
| Date of disclosure: | 27 MAY 2010 |
+--------------------------------+---------------+
| | |
+--------------------------------+---------------+
| Contact name: | MARCO |
| | ANATRIELLO |
+--------------------------------+---------------+
| | |
+--------------------------------+---------------+
| Telephone number: | 020 7647 9714 |
+--------------------------------+---------------+
+---------------------------------------------------------------------------+
| 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
FEEBXGDUXBDBGGI
Longboat Energy (LSE:LBE)
Historical Stock Chart
From May 2024 to Jun 2024
Longboat Energy (LSE:LBE)
Historical Stock Chart
From Jun 2023 to Jun 2024
