Form 8.3 - TITAN INTL INC

Form 8.3 - TITAN INTL INC

BARCLAYS PLC

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed:  

Barclays PLC.

(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 relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

 

TITAN INTL INC

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
(e) Date position held/dealing undertaken:  

3 Oct 2012

(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?  

YES:

TITAN EUROPE PLC

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Interests       Short Positions    
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 678,211 1.60% 31,607 0.07%
           
(2) Derivatives (other than
options): 0 0.00% 0 0.00%
           
(3) Options and agreements to
purchase/sell: 50,100 0.12% 80,100 0.19%
           
(4) TOTAL:
728,311 1.72% 111,707 0.26%

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).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of 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.

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a) Purchases and sales

Class of relevant   Purchase/sale   Number of   Price per unit
security   securities  
ORD Purchase 1 18.1300 USD
ORD Purchase 12 18.0500 USD
ORD Purchase 87 18.2900 USD
ORD Purchase 100 18.3100 USD
ORD Purchase 100 18.3600 USD
ORD Purchase 118 18.0000 USD
ORD Purchase 291 18.2462 USD
ORD Purchase 300 18.1800 USD
ORD Purchase 307 18.2207 USD
ORD Purchase 400 18.2575 USD
ORD Purchase 400 18.2600 USD
ORD Purchase 600 18.0300 USD
ORD Purchase 600 18.2608 USD
ORD Purchase 700 18.3000 USD
ORD Purchase 1,000 18.1640 USD
ORD Purchase 1,100 18.2300 USD
ORD Purchase 1,100 18.2454 USD
ORD Purchase 1,300 18.2853 USD
ORD Purchase 2,550 18.2452 USD
ORD Purchase 3,600 18.2425 USD
ORD Purchase 3,800 18.2378 USD
ORD Purchase 4,000 18.2406 USD
ORD Purchase 4,100 18.2700 USD
ORD Purchase 12,700 18.1922 USD
ORD Purchase 26,571 18.2337 USD
ORD Sale 18 18.0000 USD
ORD Sale 100 17.8700 USD
ORD Sale 100 17.9400 USD
ORD Sale 100 18.1000 USD
ORD Sale 100 18.3600 USD
ORD Sale 200 18.0600 USD
ORD Sale 200 18.3000 USD
ORD Sale 300 17.9600 USD
ORD Sale 300 18.3300 USD
ORD Sale 500 18.1080 USD
ORD Sale 502 18.2429 USD
ORD Sale 535 18.2647 USD
ORD Sale 600 18.0283 USD
ORD Sale 600 18.2608 USD
ORD Sale 600 18.3008 USD
ORD Sale 700 18.0800 USD
ORD Sale 800 18.2587 USD
ORD Sale 1,000 18.3240 USD
ORD Sale 1,200 18.0883 USD
ORD Sale 1,300 18.2238 USD
ORD Sale 1,300 18.2253 USD
ORD Sale 1,702 18.2591 USD
ORD Sale 1,800 18.0455 USD
ORD Sale 2,800 18.2378 USD
ORD Sale 2,800 18.2821 USD
ORD Sale 3,371 18.2033 USD
ORD Sale 4,000 18.2406 USD
ORD Sale 5,700 18.2466 USD
ORD Sale 8,300 17.9026 USD
ORD Sale 8,900 18.2361 USD
ORD Sale 10,600 18.2974 USD
ORD Sale 12,700 18.1922 USD

(b) Derivatives transactions (other than options)

Class of relevant security   Product description

e.g. CFD

  Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

  Number of reference securities   Price per unit

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class   Product   Writing,   Number   Exercise   Type   Expiry   Option
of description purchasing, of price date money
relevant selling, securities per unit paid/
security varying etc to which received
option per unit
      relates        
ORD Put Options Purchasing 500 17.5 USD American 20 October 2012 0.3000 USD

(ii) Exercising

Class of relevant security   Product description

e.g. call option

  Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

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 person making the disclosure 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

Is a Supplemental Form 8 (Open Positions) attached?  

YES

Date of disclosure:  

4 Oct 2012

Contact name:   Geoff Smith
Telephone number:   020 3555 4632

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.

143221.01

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of person whose open positions are being disclosed:  

Barclays PLC.

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

TITAN INTL INC

2. OPTIONS AND DERIVATIVES

Class   Product   Writing,   Number   Exercise   Type   Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
ORD Put Options Purchased 1,000 12.5000 American 20 Oct 2012
ORD Put Options Purchased 2,000 12.5000 American 19 Jan 2013
ORD Put Options Purchased 300 12.5000 American 20 Apr 2013
ORD Put Options Purchased 2,800 15.0000 American 19 Jan 2013
ORD Put Options Purchased 24,800 17.5000 American 20 Oct 2012
ORD Put Options Purchased 2,800 17.5000 American 19 Jan 2013
ORD Put Options Purchased 400 17.5000 American 20 Apr 2013
ORD Put Options Purchased 900 20.0000 American 20 Apr 2013
ORD Put Options Purchased 500 25.0000 American 20 Oct 2012
ORD Put Options Purchased 1,000 25.0000 American 20 Apr 2013
ORD Put Options Written -1,000 20.0000 American 20 Oct 2012
ORD Put Options Written -12,300 20.0000 American 19 Jan 2013
ORD Put Options Written -3,600 22.5000 American 20 Oct 2012
ORD Call Options Purchased 5,000 15.0000 American 20 Apr 2013
ORD Call Options Purchased 5,300 20.0000 American 20 Oct 2012
ORD Call Options Purchased 3,000 20.0000 American 17 Nov 2012
ORD Call Options Purchased 300 20.0000 American 20 Apr 2013
ORD Call Options Written -5,100 15.0000 American 20 Oct 2012
ORD Call Options Written -400 15.0000 American 19 Jan 2013
ORD Call Options Written -12,300 17.5000 American 20 Oct 2012
ORD Call Options Written -4,000 17.5000 American 17 Nov 2012
ORD Call Options Written -28,500 20.0000 American 19 Jan 2013
ORD Call Options Written -800 22.5000 American 20 Oct 2012
ORD Call Options Written -1,000 22.5000 American 19 Jan 2013
ORD Call Options Written -200 25.0000 American 20 Oct 2012
ORD Call Options Written -5,400 25.0000 American 19 Jan 2013
ORD Call Options Written -2,200 30.0000 American 20 Oct 2012
ORD Call Options Written -3,300 35.0000 American 20 Oct 2012

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences (“CFDs”) or spread bets.

The currency of all prices and other monetary amounts should be stated.

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.

Companies

Barclays (BARC)
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