Form 8 (OPD) - XL Group plc - Replacement

Form 8 (OPD) - XL Group plc - Replacement

XL Group plc

The following amendment should be made to the XL GROUP PLC 'Form 8 (OPD) - XL Group plc' announcement released at 1:14 pm GMT today.
The ISIN and Ticker for Catlin have now been included for linking purposes.

All other details remain unchanged.
The full corrected version is shown below.

Catlin is a Bermudian entity and is therefore not subject to the UK Takeover Code. Shareholders of Catlin and others dealing are therefore not obliged to disclose any of their dealings under the provisions of the Code. However, market participants are requested to make disclosures as if the Code applied and as if Catlin were in an "offer period".

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:   XL Group plc (“XL”)
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: XL Group plc
(d) Is the discloser the offeror or the offeree? Offeror
(e) Date position held: 9 January 2015
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? No

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 securities owned and/or controlled: Nil   Nil  
(2) Cash-settled derivatives: Nil   Nil  
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: Nil   Nil  

TOTAL:

Nil   Nil  

(b) Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:   None
Details, including nature of the rights concerned and relevant percentages: N/A

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:

See below.

3.1 XL Directors

Name   Number of Ordinary Shares held  

Percentage of total issued ordinary
shares (excluding
treasury shares)

Robert R. Glauber 49,212.085 0.019%
Ramani Ayer 16,520.000 0.006%
Dale R. Comey 55,807.452 0.021%
Edward J. Kelly, III 2,352.000 0.001%
Suzanne B. Labarge 13,223.000 0.005%
Joseph Mauriello 45,735.563 0.017%
Michael S. McGavick 217,821.000 0.085%
Eugene M. McQuade 49,342.354 0.019%
Clayton S. Rose 25,670.000 0.010%
Anne Stevens 3,207.000 0.001%
John M. Vereker 47,999.095 0.018%

3.2 Directors' Stock Awards and Options

Directors hold the following stock options:

Type of Award   Number held
Ramani Ayer 5,000
Dale Comey 20,000
Robert Glauber 22,500
Suzanne Labarge 5,000
Edward Kelly, III 5,000
Joseph Mauriello 22,500
Michael McGavick 2,344,457
Eugene McQuade 20,000
Clayton Rose 5,000
Anne Stevens 5,000
John M. Vereker 17,500

3.3 Advisers to XL

Morgan Stanley & Co. International plc (Morgan Stanley Equity Services Inc and Morgan Stanley Capital (Luxembourg) S.A.)

Class of relevant security:    

 

Interests   Short positions
Number   % Number   %
(1) Relevant securities owned and/or controlled: 15,539 0.0059 Nil  
(2) Cash-settled derivatives: Nil   Nil  
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: Nil   Nil  

TOTAL:

15,539 0.0059 Nil  

Goldman, Sachs & Co.

Class of relevant security:   ORD
Interests   Short positions
  Number   % Number   %
(1) Relevant securities owned and/or controlled: 492,102 0.19 361,187 0.13
(2) Derivatives (other than options): 0 0.00 19,359 0.00
(3) Options and agreements to purchase/sell: 20,600 0.00 19,900 0.00

TOTAL:

512,702 0.19 400,446 0.15

In addition, see attached Supplemental Form 8 (Open Positions)

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:

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:

None.

(c) Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)   Yes
Supplemental Form 8 (SBL) No
Date of disclosure:   9 January 2015
Contact name: David Radulski, SVP and Director of Investor Relations
Telephone number: +1-203-964-3470

SUPPLEMENTAL FORM 8(OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENT TO

PURCHASE OR SELL ETC.

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

1. KEY INFORMATION

Identity of the person whose open positions are being disclosed:   Goldman, Sachs & Co.
Name of offeror/offeree in relation to whose relevant securities disclosure relates: XL Group plc

2. OPTIONS AND DERIVATIVES

Class of relevant security   Product description e.g. call option   Written or purchased  

Number of securities to which
option or derivative relates

  Exercise price per unit   Type

e.g. American, European etc.

  Expiry date
ORD Call Option Purchased 100 33.0000 USD AMER 17/04/2015
ORD Call Option Sold 100 38.0000 USD AMER 17/04/2015
ORD Call Option Purchased 200 30.0000 USD AMER 17/04/2015
ORD Call Option Sold 200 36.0000 USD AMER 17/04/2015
ORD Call Option Purchased 300 32.0000 USD AMER 17/01/2015
ORD Call Option Purchased 300 32.0000 USD AMER 17/04/2015
ORD Call Option Purchased 300 37.0000 USD AMER 17/04/2015
ORD Call Option Sold 400 35.0000 USD AMER 17/04/2015
ORD Call Option Purchased 700 36.0000 USD AMER 17/01/2015
ORD Call Option Purchased 800 34.0000 USD AMER 17/01/2015
ORD Call Option Sold 1,700 33.0000 USD AMER 17/01/2015
ORD Call Option Purchased 1,900 37.0000 USD AMER 17/01/2015
ORD Call Option Purchased 2,000 36.0000 USD AMER 20/02/2015
ORD Call Option Purchased 6,000 35.0000 USD AMER 17/01/2015
ORD Put Option Purchased 100 26.0000 USD AMER 17/01/2015
ORD Put Option Purchased 100 29.0000 USD AMER 17/01/2015
ORD Put Option Sold 200 31.0000 USD AMER 17/01/2015
ORD Put Option Sold 200 36.0000 USD AMER 17/07/2015
ORD Put Option Purchased 200 37.0000 USD AMER 17/07/2015
ORD Put Option Purchased 300 32.0000 USD AMER 17/04/2015
ORD Put Option Sold 300 36.0000 USD AMER 17/04/2015
ORD Put Option Purchased 600 37.0000 USD AMER 20/02/2015
ORD Put Option Sold 900 30.0000 USD AMER 17/07/2015
ORD Put Option Sold 900 34.0000 USD AMER 17/01/2015
ORD Put Option Purchased 1,000 33.0000 USD AMER 20/02/2015
ORD Put Option Purchased 1,200 26.0000 USD AMER 17/04/2015
ORD Put Option Sold 1,400 32.0000 USD AMER 17/01/2015
ORD Put Option Purchased 1,600 34.0000 USD AMER 20/02/2015
ORD Put Option Purchased 1,700 36.0000 USD AMER 17/01/2015
ORD Put Option Purchased 2,600 37.0000 USD AMER 17/01/2015
ORD Put Option Sold 4,100 35.0000 USD AMER 17/01/2015
ORD Put Option Purchased 8,100 30.0000 USD AMER 17/04/2015

3. AGREEMENTS TO PURCHASE OR SELL

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

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