Form 8 (OPD) Chemring Group plc

RNS Number : 1503L

Chemring Group PLC

31 August 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:	Chemring 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	Chemring Group PLC
(d) Is the party to the offer making the disclosure the offeror or the offeree?	OFFEREE
(e) Date position held:	30 August 2012
(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:	Ordinary Shares of 1 pence each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	NIL		NIL
(2) Derivatives (other than options):	NIL		NIL
(3) Options and agreements to purchase/sell:	NIL		NIL
TOTAL:	NIL		NIL

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

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):

None

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:

Chemring Group PLC Directors' Beneficial Share Interests Director Number of Chemring Group PLC ordinary shares of 1 pence each Percentage of issued ordinary share capital of Chemring Group PLC 195,489,559 ordinary shares of £0.01 Peter Hickson 90,000 0.05% Dr David Price (and spouse and children) 675,795 0.35% Sarah Ellard (and spouse) 75,587 0.04% The Rt Hon Lord Freeman 1,750 0.00% Ian Much 26,500 0.01% Vanda Murray 0 N/A Air Marshal Sir Peter Norriss (and spouse) 28,000 0.01% Chemring Group PLC Directors' Share Incentives Director Type of award Grant Date Vesting Date Number of Ordinary Shares granted Performance conditions (Yes/No) Dr David Price Performance Shares 20 Jan 2010 20 Jan 2013 70,990 Yes Dr David Price Performance Shares 18 Mar 2010 18 Mar 2013 15,740 Yes Dr David Price Performance Shares 19 Jan 2011 19 Jan 2014 111,350 Yes Dr David Price Performance Shares 27 Jan 2012 27 Jan 2015 207,892 Yes Dr David Price Deferred Shares 20 Jan 2010 12 Jan 2013 16,705 Yes Dr David Price Deferred Shares 19 Jan 2011 11 Jan 2014 18,355 Yes Sarah Ellard Performance Shares 20 Jan 2010 20 Jan 2013 16,460 Yes Sarah Ellard Performance Shares 19 Jan 2011 19 Jan 2014 25,520 Yes Sarah Ellard Performance Shares 27 Jan 2012 27 Jan 2015 79,197 Yes Chemring Group PLC Employee Share Ownership Trust: Number of Chemring Group PLC shares Percentage of issued share capital Chemring Group PLC Employee Share Ownership Trust 172,888 0.09% Advisers' Non-Exempt Share Interests  Share Interests Short Positions Name Number of Chemring Group PLC shares Percentage of issued share capital Number of Chemring Group PLC shares Percentage of issued share capital NCB Stockbrokers Ltd 6,000 0.00% Investec Bank (Switzerland) AG 5,000 0.00%

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:	31 August 2012
Contact name:	Helen Marsh
Telephone number:	01489 881 880

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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