Prospect Co., Ltd. Form 8 (OPD) (Offeror - Prospect) (9610U)
January 24 2017 - 6:00AM
UK Regulatory
TIDMPJF
RNS Number : 9610U
Prospect Co., Ltd.
24 January 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: Prospect Co., Ltd
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(b) Owner or controller of interests and short positions N/A
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.
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(c) Name of offeror/offeree in relation to whose relevant Prospect Co., Ltd (TSE: 3528), being the offeror
securities this form relates: ("Prospect")
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEROR
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(e) Date position held: 23 January 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 NO
discloser making 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 Prospect
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Interests Short positions
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Number % Number %
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(1) Relevant securities owned and/or controlled: - - - -
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(2) Cash-settled derivatives: - - - -
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(3) Stock-settled derivatives (including options) and agreements to - - - -
purchase/sell:
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- - - -
TOTAL:
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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: Nil
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Details, including nature of the rights concerned and relevant percentages: Nil
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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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3(a) - Prospect directors' interests in Prospect's ordinary shares:
Prospect Director Number of Percentage
Prospect of issued
Shares share capital
Curtis Freeze 39,000 0.02%
Masato Tabata 57,000 0.03%
Dominic Henderson - -
Total 96,000 0.05%
3(b) - Prospect directors' rights to subscribe for Prospect's ordinary shares:
Prospect Director Number of Exercise Exercise period
Prospect Shares price
held in ESOP (Yen)
/ under option
Curtis Freeze 45,017* N/A N/A
01/08/13 -
1,181,000 61 26/01/21
19/10/15 -
1,200,000 60 18/10/23
17/12/17 -
3,000,000 52 16/12/25
Masato Tabata 9,745* N/A N/A
19/10/15 -
700,000 60 18/10/23
17/12/17 -
1,444,000 52 16/12/25
19/10/15 -
Dominic Henderson 400,000 60 18/10/23
17/12/17 -
444,000 52 16/12/25
Akio Tsukishima** 425* N/A N/A
19/10/15 -
400,000 60 18/10/23
19/10/15 -
Yuki Ichikawa** 100,000 60 18/10/23
Thomas R. 19/10/15 -
Zengage** 100,000 60 18/10/23
Total 9,024,187
* The officer and employee stock ownership plan (ESOP) - these shares are held in the name
of the ESOP.
** Company's auditors, having legal status in Japan.
3(c) - Interests of other persons acting in concert with Prospect:
Name Number Percentage Share
of Prospect of issued options
Shares share capital held*
Hamilton Smith - - 904,482
Kaori Matsumoto 50,000 0.03% 409,135
Zhang Xin - - 256,000
Earl Crawford - - 214,797
Total 50,000 0.03% 1,784,414
* options over Prospect Shares with an exercise price of Yen61 per share and an exercise period
from 1 August 2013 to 26 January 2021.
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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 January 2017
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Contact name: Curtis Freeze
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Telephone number: +1 808 383 3833
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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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