Form 8 (OPD) Clarity Commerce Solutions plc

RNS Number : 8329P

Clarity Commerce Solutions PLC

10 October 2011

 



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) Identity of the party to the offer making the disclosure:	Clarity Commerce Solutions 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 party to the offer	Clarity Commerce Solutions plc
(d) Is the party to the offer making the disclosure the offeror or the offeree?	OFFEREE
(e) Date position held:	10 October 11
(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 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:	Clarity Commerce Solutions plc ordinary shares of 25p each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	n/a	Nil	n/a
(2) Derivatives (other than options):	Nil	n/a	Nil	n/a
(3) Options and agreements to purchase/sell:	Nil	n/a	Nil	n/a
TOTAL:	Nil	n/a	Nil	n/a

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	Nil
Details, including nature of the rights concerned and relevant percentages:	n/a

(c)        Irrevocable commitments and letters of intent

Details of any irrevocable commitments or letters of intent procured by the party to the offer making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of the Code):

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 of any person acting in concert with the party to the offer making the disclosure:

The directors of the Company have the following beneficial interests in the Company: Director Number of ordinary shares held Percentage of issued share capital (%) Anthony Houldsworth 757,576 1.83% Sir Colin Chandler 396,522 0.96% David Bennett 42,000 0.10% Stephen Sadler 26,000 0.06% The following directors of the Company have the following beneficial interests in the shares in the Company under option schemes: Anthony Houldsworth Details Grant date No. of shares Class Expiry date Exercise price From To 2010 EBT 27/04/2010 865,255 Ordinary 27/04/2013 27/04/2020 Nil 2010 EMI 27/04/2010 299,999 Ordinary 27/04/2013 27/04/2020 Nil Stephen Sadler Details Grant date No. of shares Class Expiry date Exercise price From To 2010 EBT 05/08/2010 404,999 Ordinary 05/08/2013 05/08/2020 Nil

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: 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:	10 October 2011
Contact name:	Stephen Sadler
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 dealing disclosure requirements on [phone].

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

 

END

 

 

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