Form 8 (DD) - Britvic plc

RNS Number : 9905M
Britvic plc
24 September 2012
 



FORM 8 (DD)

 

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Identity of the party to the offer or person acting in concert making the disclosure:

Paul Moody

(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

 

Britvic plc ("Britvic") ("the Company")

 

(d) Status of person making the disclosure:

     e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)

 

Acting in concert with the Company

(e) Date dealing undertaken:

 

21 September 2012

 

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

 

No

 

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

 

Class of relevant security:

 

Ordinary 20 pence ("Ordinary Shares")

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

445,040 (1)(2)

0.184

Nil

-

(2) Derivatives (other than options):

Nil

-

Nil

-

(3) Options and agreements to purchase/sell:

Nil

-

Nil

-

 

     TOTAL:

445,040 (1)(2)

0.184

Nil

-

 

Notes:

 

(1)        Of these Ordinary Shares, 434,042 are held by Susan Moody, Paul Moody's wife.

 

(2)        Of these Ordinary shares, 10,998 shares are held on behalf of Paul Moody by the Trustee of the Britvic Share Incentive Plan, which is an all-employee tax approved share scheme open to employees in Great Britain.

 

 

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).

 

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 (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:

-

 

 

Britvic Executive Share Option Plan - Long Term Incentive

 

Director

Number of Ordinary Shares Under Option (1)

Option Exercise Price (pence)

Period during which options can be exercised

Paul Moody

273,005

245.0

15/12/08 to 15/12/15


338,776

245.0

06/12/09 to 06/12/16


246,369

347.0

05/12/10 to 05/12/17


530,189

221.0

07/12/11 to 07/12/18


372,326

387.0

07/12/12 to 07/12/19


310,111

465.0

07/12/13 to 07/12/20


452,368

332.0

06/12/14 to 06/12/21

Total

2,523,144



 

Britvic Performance Share Plan - Long Term Incentive

 

Director

Number of Ordinary Share Awards / Nil Cost Options (2)

Market Price at Date of Award (pence)

Date of Award

Vesting Date

Paul Moody

124,110

380.1

05/12/09

05/12/12


103,370

475.4

07/12/10

07/12/13


150,790

329.8

06/12/11

06/12/14

Total

378,270




 

Notes:

 

(1)        Options under the Executive Share Option Plan become exercisable on the satisfaction of a performance condition and remain exercisable until ten years after the date of grant.

 

(2)        Performance Share Plan awards are subject to the satisfaction of a performance condition.  Awards up to and including 2008 (now vested) were made in respect of Ordinary Shares.  Awards granted in 2009, 2010 and 2011 were made in respect of nil cost options which become exercisable on the satisfaction of performance conditions and remain exercisable until ten years after the date of grant for employees based in the UK.

 

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 BY THE PERSON MAKING THE DISCLOSURE

 

(a)        Purchases and sales

 

Class of relevant security

Purchase/sale

 

Total Number of securities

Price per unit

 

Ordinary Shares

 

 

Purchase in connection with the Company's All Employee Share Incentive Plan

 

 

32

 

 

365 pence

 

Notes:

 

(1)          The above transaction has taken place in relation to the Britvic Share Incentive Plan ("SIP") on 21 September 2012.  The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to purchase Ordinary Shares, using deductions from salary in each 4-week pay period, and receive allocations of matching free Ordinary Shares ("Matching Shares"). The SIP trustees have allocated 17,774 Ordinary Shares to employees participating in the SIP as Matching Shares.  These shares were allotted by Britvic to the SIP on 14 December 2011 at nominal value (£3,548.80).

 

(2)          Paul Moody purchased 32 Ordinary Shares at a price of 365 pence and was allocated for no consideration 13 matching shares.

 

 

(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

n/a

n/a

 

n/a

n/a

n/a

 

(c)        Options transactions in respect of existing securities

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

 

(ii)        Exercising

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

n/a

n/a

n/a

n/a

 

 

(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)

n/a

n/a

n/a

n/a

 

 

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

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 or person acting in concert 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

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

No

Supplemental Form 8 (SBL)

No

 

 

Date of disclosure:

24 September 2012

Contact name:

Clare Thomas

Telephone number:

+44 (0) 121 711 1102

 

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.

 


This information is provided by RNS
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