Form 8 (OPD) Deo Petroleum plc

RNS Number : 2562E

Parkmead Group (The) PLC

28 May 2012

 

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:	The Parkmead Group 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	DEO Petroleum plc
(d)          Is the party to the offer making the disclosure the offeror or the offeree?	OFFEROR
(e)          Date position held:	28 May  2012
(f)           Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Yes - The Parkmead Group plc

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 share
	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:	None		None

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

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

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.

(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):

DEO Petroleum plc shares subject to irrevocable undertakings Name Number of DEO Petroleum plc Ordinary Shares % of DEO Petroleum plc Issued Ordinary Share Capital Directors of DEO Petroleum plc Kevin Burke 1,193,845 2.77 David Marshall 1,153,920 2.68 Gregor Goodwin 384,700 0.89 Richard Mays 577,000 1.34 Rakesh Patel 77,877 0.18 Employees of DEO Petroleum plc Adrian Jones 769,300 1.78 Michael Coulthard 384,700 0.89 Other shareholders in DEO Petroleum plc Marlborough Fund Managers               2,748,888 6.38 RAB Capital Limited*               1,765,014 4.09 YF Finance Limited             11,700,000 27.14 Total 20,755,244 48.14 * The 1,765,014 ordinary shares in DEO Petroleum plc are held by RAB Octane (Master Fund) Limited. Letter of Intent In addition, The Parkmead Group plc has a received a non-binding letter of intent from RAB Capital Limited that it intends to close the 3,502,700 ordinary shares in DEO Petroleum plc that it holds through a contract for difference and procure the delivery of the legal title to such ordinary shares. It will then provide an irrevocable undertaking to The Parkmead Group plc in respect of such 3,502,700  ordinary shares in DEO Petroleum plc (representing approximately 8.13% of the existing issued share capital of DEO Petroleum plc) on the same terms already provided in relation to the shares held by RAB Octane (Master Fund) Limited.

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:

None

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 3 for each additional class of relevant security.

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).

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:	28 May  2012
Contact name:	Julie Forsyth
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

 

 

FEEAPMATMBJTBRT