TIDMTCM
RNS Number : 1747T
DBAY Advisors Limited
23 March 2021
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: DBAY Advisors Limited
(b) Owner or controller of interests Sparkasse Bank Malta Plc
and short positions disclosed, if for DouglasBay Capital
different from 1(a): The naming of III Fund LP and DouglasBay
nominee or vehicle companies is insufficient. Capital III Fund (Co-Investment
For a trust, the trustee(s), settlor Account No.1) LP under
and beneficiaries must be named. the discretionary management
of DBAY Advisors Limited
---------------------------------
(c) Name of offeror/offeree in relation Telit Communications PLC
to whose
relevant securities this form relates:
Use a separate form for each offeror/offeree
---------------------------------
(d) Is the discloser the offeror or OFFEROR
the offeree?
---------------------------------
(e) Date position held: 23 March 2021
The latest practicable date prior
to the disclosure
---------------------------------
(f) In addition to the company in N/A
1(c) above, is the 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"
---------------------------------
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 GBP0.01 each
Interests Short positions
---------------------- -----------------
Number % Number %
------------- ------- ---------- -----
(1) Relevant securities
owned and/or controlled: 34,970,165 26.02 None None
------------- ------- ---------- -----
(2) Cash-settled derivatives: None None None None
------------- ------- ---------- -----
(3) Stock-settled derivatives None None None None
(including options) and
agreements to purchase/sell:
------------- ------- ---------- -----
TOTAL: 34,970,165 26.02 None None
------------- ------- ---------- -----
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).
2
(b) Rights to subscribe for new securities
Class of relevant security None
in relation to which subscription
right exists:
Details, including nature of None
the rights concerned and relevant
percentages:
----
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:
None
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
3
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
Date of disclosure: 23 March 2021
Contact name: Mike Haxby, Operations, DBAY
Advisors Limited
-----------------------------
Telephone number: +44 (0) 1624 690900
-----------------------------
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 .
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END
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