Market Tech Holdings Limited Form 8 (OPD) (3168D)
April 25 2017 - 12:05PM
UK Regulatory
TIDMMKT
RNS Number : 3168D
Market Tech Holdings Limited
25 April 2017
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: MARKET TECH HOLDINGS LIMITED
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(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.
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(c) Name of offeror/offeree in relation to whose relevant securities this OFFEREE - MARKET TECH HOLDINGS LIMITED
form 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: 24 APRIL 2017
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 N/A
disclosures in 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: Ordinary shares of 10p each
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Interests Short positions
------------------------------------------------------------------------------ ------------------ ------------------
Number % Number %
------------------------------------------------------------------------------ ------------- --- --------------
(1) Relevant securities owned and/or controlled: Nil 0 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: Nil 0 Nil 0
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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: 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 (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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(a) Interests in Market Tech Holdings Limited's ordinary shares held by the directors of Market
Tech Holdings Limited and their close relatives and related trusts
Class of relevant Ordinary shares of 10 pence
securities: each
------------------- ---------------------------------------
Director Number of Market Percentage of
Tech Holdings total issued
Limited ordinary share capital
shares held (excluding shares
under option)*
------------------- ------------------ -------------------
Neil Sachdev 67,471 0.01%
------------------- ------------------ -------------------
Charles Butler 192,415 0.04%
------------------- ------------------ -------------------
John Le Poidevin 47,471 0.01%
------------------- ------------------ -------------------
Sharon Baylay 11,500 0.00%
------------------- ------------------ -------------------
Thomas Teichman 30,393 0.01%
------------------- ------------------ -------------------
Total 349,250 0.07%
------------------- ------------------ -------------------
*Percentages have been rounded.
(b) Options over Market Tech Holdings Limited ordinary shares held by the directors of Market
Tech Holdings Limited and their close relatives and related trusts
Class Ordinary shares of 10 pence each
of relevant
securities
-------------- ------------------------------------------------------------------------
Name Scheme Number Percentage Vesting Exercise
of Market of current date price
Tech Holdings total
Limited issued
shares share
held capital*
-------------- -------- -------------- -------------- --------------- -------------
Between
July GBP1.00
2018 per each
Charles and July occasion
Butler LTIP 835,916 0.18% 2019 of exercise
-------------- -------- -------------- -------------- --------------- -------------
LTIP Shares Cannot The date GBP1.00
of a value be determined on or per each
of at date before occasion
GBP1,000,000 of disclosure 15 September of exercise
2019
on which
one or
more
performance
conditions
are satisfied
-------------- -------- -------------- -------------- --------------- -------------
GBP1.00
per each
David 27 July occasion
Brown LTIP 311,258 0.07% 2019 of exercise
-------------- -------- -------------- -------------- --------------- -------------
Up to
40% to
vest
in December
2017
and up
to 60% GBP1.00
to vest per each
Georg in July occasion
Bucher LTIP 159,574 0.03% 2018 of exercise
-------------- -------- -------------- -------------- --------------- -------------
GBP1.00
per each
27 July occasion
LTIP 198,675 0.04% 2019 of exercise
----------------------- -------------- -------------- --------------- -------------
*Percentages have been rounded.
(c) Interest in Market Tech Holdings Limited ordinary shares held by other concert parties
by Market Tech Holdings Limited
Class of relevant securities Ordinary shares
of 10 pence
each
----------------------------------------- -------------------
Name of concert Number of Market Percentage of
party Tech Holdings total issued
Limited shares share capital
held (excluding shares
under option)*
---------------------- ----------------- -------------------
VL Trust Corporation
Limited 16,928 0.00%
---------------------- ----------------- -------------------
*Percentages have been rounded.
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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"
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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: 24 April 2017
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Contact name: Caroline Grange
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Telephone number: +442038187575
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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 company news service from the London Stock Exchange
END
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