Form 8 (OPD) (Alkane Energy)

RNS Number : 4058Z

Alkane Energy PLC

17 September 2015

 

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:	ALKANE ENERGY 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.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	ALKANE ENERGY PLC
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	16 SEPTEMBER 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?      If it is a cash offer or possible cash offer, state "N/A"	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 0.5p each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	N/A	-	N/A	-
(2) Cash-settled derivatives:	N/A	-	N/A	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	N/A	-	N/A	-
TOTAL:	N/A	-	N/A	-

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:	N/A
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:
3.1 Interests of the directors of Alkane Energy plc
Director	Number of Shares		% Interest
Cameron Davies Roger McDowell Neil O'Brien Steve Goalby	2,979,6111 1,180,185 1,127,8212 1,074,381		1.84 0.73 0.69 0.66
Julia Henderson Joe Darby Carl Kameen	60,000 50,000 38,548		0.04 0.03 0.02
1 Inclusive of 50,000 ordinary shares beneficially owned by Cameron Davies' son 2 Inclusive of 5,981 ordinary shares beneficially owned by Neil O'Brien's mother
3.2 Rights to subscribe of the directors and employees of Alkane Energy plc
Performance Share Plan Grant Date Neil O'Brien	Number of Shares	Exercise Price		Vesting date
28-05-13 18-09-14 21-04-15	520,889 371,442 738,788	0.5p 0.5p 0.5p		31-03-16 31-03-17 31-03-18
Steve Goalby
28-05-13 18-09-14 21-04-15	408,194 291,077 578,963	0.5p 0.5p 0.5p		31-03-16 31-03-17 31-03-18
Carl Kameen 03-10-13 18-09-14 21-04-15	121,941 48,301 375,000	0.5p 0.5p 0.5p		03-10-16 31-03-17 31-03-18
Post Admission Plan
Neil O'Brien 03-11-08 05-05-10 Steve Goalby 05-05-10	2,000,000 97,382 76,303	13.75p 16.50p 16.50p		03-11-11 05-05-13 05-05-13
Sharesave Plan Neil O'Brien 02-05-12 05-05-15 Steve Goalby 02-05-12 05-05-15 Carl Kameen 02-05-12 05-05-15 Employee Plan Carl Kameen 20-09-12	52,023 107,142 52,023 107,142 10,404 75,000 82,600	17.30p 16.80p 17.30p 16.80p 17.30p 16.80p 20.25p		01-06-15 01-06-18 01-06-15 01-06-18 01-06-15 01-06-18 20-09-15
3.3 Interests of other persons acting in concert
Henderson Global Investors holds 38,171,493 ordinary shares representing 23.51% of the ordinary shares in issue

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

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	17 September 2015
Contact name:	Steve Goalby
Telephone number:	[phone]

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 [e-mail].  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END

 

 

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