Form 8 (OPD) Paddy Power plc

RNS Number : 5274Y
Paddy Power plc
09 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:

Paddy Power 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.


(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

Paddy Power plc

(d) Is the discloser the offeror or the offeree?

OFFEROR

(e) Date position held:

     The latest practicable date prior to the disclosure

9 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"

Disclosure made in respect of Betfair Group plc on 7 September 2015

 

 

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 €0.09 each

 

 

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


 

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:

Nil

Details, including nature of the rights concerned and relevant percentages:

Nil

 

 

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:

a)   Beneficial holdings of directors of Paddy Power plc in its ordinary shares: 

Name

Position

Number of shares

Percentage holding

 Andy McCue

Chief Executive Officer

 

21,938

0.050%

Gary McGann

 

Chairman

 

610

0.001%

Cormac McCarthy

Chief Financial Officer

 

16,443

0.037%

Michael Cawley

 

Non-Executive Director

3,600

0.008%

Stewart Kenny

 

Non-Executive Director

354,651

0.805%

Pádraig Ó Ríordáin

 

Non-Executive Director

7,200

0.016%

 

 

 

 

 

 b)   Options and awards held by directors of Paddy Power plc in its ordinary shares

 Andy McCue 

Name of Plan

Shares in respect of which options granted

Exercise Price

Exercise Date / Vesting Date (Note)

Paddy Power Share Save Scheme (2014, 5 Year)

 

      778

€39.60

 

 04-Dec-19

 

Paddy Power LTIP 2004

Paddy Power LTIP 2013

Paddy Power LTIP 2013

Paddy Power LTIP 2013

 

 

    6,136  

  18,396

  18,835

  30,257

 

Nil

Nil

Nil

Nil

  05-Mar-16

14-May-16

04-Mar-17

03-Mar-18

Total:

 

  74,402

 

 



 Cormac McCarthy

Name of Plan

Shares in respect of which options granted

Exercise Price

Exercise Date / Vesting Date (Note)

Paddy Power Share Save Scheme (2013, 5 Year)

 

676

 

€45.52

 

04-Dec-18

 

Paddy Power LTIP 2013

Paddy Power LTIP 2013

Paddy Power LTIP 2013

 

 

 18,396

 18,835

 13,753

 

Nil

Nil

Nil

 

14-May-16

04-Mar-17

03-Mar-18

Total:

51,660



 

(Note: LTIP awards are subject to the rules of the schemes and will vest if growth performance targets are met over the allowable vesting period. Where exercise / vesting may take place over a period of time, the earliest date is stated above)

 

 

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:

9 September 2015

Contact name:

Barry Knowles

Telephone number:

+353 1 905 1000

 

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 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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