Form 8 (OPD)

RNS Number : 4819Y

IP Group PLC

24 January 2014

 

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:	IP Group Plc ("IP Group")
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient	N / A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each party to the offer	IP Group Plc
(d) Is the party to the offer making the disclosure the offeror or the offeree?	Offeror
(e) Date position held:	23 January 2014
(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:	1p Ordinary Shares
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	-	-	-	-
(2) Derivatives (other than options):	-	-	-	-
(3) Options and agreements to purchase/sell:	-	-	-	-
TOTAL:	-	-	-	-

(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

(c)        Irrevocable commitments and letters of intent

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:

Details of IP Group shares held by the IP Group Directors: Name No. of shares ordinary shares of 2p each held Percentage of issued share capital Bruce Smith 236,592 0.06% Alan Aubrey 2,237,089 0.60% Michael Townend 910,718 0.24% Gregory Smith 227,685 0.06% Charles Winward 262,446 0.07% Francis Carpenter 239,151 0.06% Jonathan Brooks 60,000 0.02% Mike Humphrey 80,000 0.02% Total 4,253,681 1.13% Details of interests in IP Group  shares held by persons presumed to be acting in concert with IP Group Pursuant to the definition of Acting in Concert contained in The Takeover Code, Invesco Limited is regarded as an associated company of IP Group by virtue of it >20% shareholding and is therefore presumed to be acting in concert with IP Group. Invesco Limited has the following interests in IP Group: (i)   111,017,525 ordinary shares of 2 pence each (this disclosure replaces Invesco Limited's disclosure under Rule 8.3 of the Takeover Code made on 23 January 2014); (ii)   8,623,232 new ordinary shares of 2 pence each conditionally subscribed pursuant to the Capital Raising announced by IP Group on 23 January 2014. Numis Securities Limited, which is presumed to be acting in concert with IP Group by virtue of its role as a connected adviser to IP Group, has the following interests in IP Group: (i)   454,545 new ordinary shares of 2 pence each conditionally subscribed pursuant to the Capital Raising announced by IP Group on 23 January 2014

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)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	24 January 2014
Contact name:	IP Group plc Greg Smith, (Chief Financial Officer)
Telephone number:	[phone]

Note that defined terms in this form have the same meaning as in the announcement of IP Group's recommended all-share offer for Fusion on 23 January 2014.

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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