Form 8 (OPD) Trinity Exploration & Production plc

Trinity Exploration & Production

03 May 2024

 

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:	Trinity Exploration & Production 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.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Trinity Exploration & Production Plc
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	2 May 2024
(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:	Ordinary shares of USD 0.01 each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	Nil	Nil	Nil
(2) Cash-settled derivatives:	Nil	Nil	Nil	Nil
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	Nil	Nil	Nil
TOTAL:	Nil	Nil	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:	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:

3(a) Interests held by directors of Trinity Exploration & Production Plc (excluding options and awards set out in 3 (b) below): NAME NUMBER OF ORDINARY SHARES PERCENTAGE OF TOTAL ISSUED ORDINARY SHARE CAPITAL (excluding treasury shares) Jeremy Bridglalsingh 319,463 0.82% James Menzies 115,000 0.29% Nicholas Clayton 30,000 0.07% 3(b) Options and LTIP awards held by directors of Trinity Exploration & Production Plc in Trinity Exploration & Production Plc shares: (i)         Jeremy Bridglalsingh Number and Class of Securities Under Option Name of Scheme or Plan Exercise Price Vesting Details 55,809 ordinary shares of USD 0.01 each LTIP Option Award 2019 Nil Granted: 25.06.2020 Vested: 02.01.2023 Expires: 01.01.2025 90,000 ordinary shares of USD 0.01 each LTIP Option Award 2021 Nil Granted: 06.06.2022 Vesting: 01.01.2025 Expires: 01.01.2027 100,000 ordinary shares of USD 0.01 each LTIP Option Award 2022 Nil Granted: 21.08.2023 Vesting: 01.01.2026 Expires: 01.01.2028 (ii)         Julian Kennedy Number and Class of Securities Under Option Name of Scheme or Plan Exercise Price Vesting Details 75,000 ordinary shares of USD 0.01 each LTIP Option Award 2021 Nil Granted: 24.10.2022 Vesting: 01.01.2025 Expires: 01.01.2027 175,000 ordinary shares of USD 0.01 each LTIP Option Award 2022 Nil Granted: 21.08.2023 Vesting: 01.01.2026 Expires: 01.01.2028

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:	2 May 2024
Contact name:	Julian Kennedy, Chief Financial Officer
Telephone number:	[phone] (Via Vigo Consulting)

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