Form 8 (OPD) - Reabold Resources PLC

RNS Number : 9143T

Reabold Resources PLC

23 July 2020

 

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:	Reabold Resources 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	Reabold Resources plc ("Reabold"), being the offeror
(d) Is the discloser the offeror or the offeree?	OFFEROR
(e) Date position held:   The latest practicable date prior to the disclosure	22 July 2020
(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"	NO

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:	0.1 pence ordinary shares ("Ordinary Shares")
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	0.00	Nil	0.00
(2) Cash-settled derivatives:	Nil	0.00	Nil	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	0.00	Nil	0.00
TOTAL:	Nil	0.00	Nil	0.00

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:	N/A
Details, including nature of the rights concerned and relevant percentages:	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 (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

Interests held by directors of, and persons acting in concert with, Reabold: Name Ordinary Shares % Jeremy Edelman* 169,000,000 2.50% Sachin Oza 16,637,058 0.25% Stephen Williams 12,222,111 0.18% Michael Felton 8,386,431 0.12% Anthony Samaha 1,000,000 0.01% Oza A Esq & M Mrs** 234,519,774 3.48% Total 441,765,374 6.55% Notes: * includes 144,000,000 Ordinary Shares held by Saltwind Enterprises Ltd, a company connected with Jeremy Edelman. ** close relatives of Sachin Oza. Interests held as options over Ordinary Shares by directors of Reabold: Name Ordinary Shares Vesting Date Expiry Date Exercise Price (per share) Sachin Oza 20,000,000 19/03/2018 19/03/2022 0.60p 20,000,000 14/03/2019 19/03/2022 0.90p 20,000,000 14/09/2019 19/03/2022 1.20p 30,000,000 19/10/2017 19/10/2021 0.50p 30,000,000 19/10/2018 19/10/2021 0.75p 30,000,000 19/04/2019 19/10/2021 1.00p Total 150,000,000 Stephen Williams 20,000,000 19/03/2018 19/03/2022 0.60p 20,000,000 14/03/2019 19/03/2022 0.90p 20,000,000 14/09/2019 19/03/2022 1.20p 30,000,000 19/10/2017 19/10/2021 0.50p 30,000,000 19/10/2018 19/10/2021 0.75p 30,000,000 19/04/2019 19/10/2021 1.00p Total 150,000,000 Anthony Samaha 5,000,000 19/03/2018 19/03/2022 0.60p 10,000,000 19/10/2017 19/10/2021 0.50p Total 15,000,000

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:	23 July 2020
Contact name:	Anthony Samaha
Telephone number:	c/o Strand Hanson Limited [phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

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

 

END

 

 

FEESEAFSDESSEIW