Form 8 (DD) - PayPoint Plc

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the “Code”)

1.       KEY INFORMATION

(a) Full name of discloser:	Alan Dale
(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	PayPoint Plc, the Offeror
(d) Status of person making the disclosure: e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)	Person acting in concert with the Offeror
(e) Date dealing undertaken:	24 January 2023
(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.      POSITIONSOFTHEPERSONMAKINGTHEDISCLOSURE

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)      Interestsandshortpositionsintherelevantsecuritiesoftheofferororofferee to which the disclosure relates following the dealing

Class of relevant security:	Ordinary shares of 1/3 pence each in PayPoint plc
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	12,460	0.018	Nil	0
(2) Cash-settled derivatives:	Nil	0	Nil	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	0	Nil	0
TOTAL:	12 ,460*	0.018	Nil	0

    
     * Includes 3000 shares held by Sylvia Dale (spouse of Alan Dale).
  

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)      Rightstosubscribefornewsecurities(includingdirectors’andotheremployee options)


Class of relevant security in relation to which subscription right exists:
Ordinary shares of 1/3 pence each in PayPoint plc
Details, including nature of the rights concerned and relevant percentages:

Share Plan	No of shares under option	Date of grant	Exercise price	Normal vesting date
Restricted Share Award (RSA)	9,274	27 July 2020	Nil	July 2023
RSA	14,857	13 August 2021	Nil	August 2024
RSA	16,447	10 June 2022	Nil	June 2025
RSA	7,428	13 August 2021	Nil	August 2025
RSA	8,223	10 June 2022	Nil	June 2026
RSA	7,429	13 August 2021	Nil	August 2026
RSA	8,224	10 June 2022	Nil	June 2027
Deferred Annual Bonus Scheme (DABS)	7,231	13 August 2021	Nil	August 2024
DABS	10,625	10 June 2022	Nil	June 2025
Share Incentive Plan	2,828*	N/A	Nil	N/A
Share Incentive Plan-dividend award	50	3 January 2023	Nil	3 January 2023

* SIP Awards are made on a monthly basis on the basis of one Matching Share for each Partnership Share. The beneficial ownership of the Matching Shares will pass to the directors listed above three years’ following their grant and subject to continued employment and the retention of the underlying Partnership Shares.

3.       DEALINGS BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

    (a)      Purchasesandsales


    (i)      Partytoanofferorpersonactinginconcert(exceptforaprincipaltraderinthe same group as a connected adviser)

Class of relevant security

Purchase/sale

Number of securities

Price per unit

N/a

    (ii)      Principaltraderwherethesolereasonfortheconnectionisthattheprincipal trader is in the same group as a connected adviser

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
N/a

                (b)      Cash-settledderivativetransactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
N/a

    (c)      Stock-settledderivativetransactions(includingoptions)


    (iii)      Writing,selling,purchasingorvarying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/a

    (iv)      Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
N/a

                (d)      Otherdealings(includingsubscribingfornewsecurities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
Ordinary 1/3p share	Grant of share awards	Grant of share awards pursuant to Share Incentive Plan in relation to 48 ordinary shares	£5.35

4.       OTHER INFORMATION


    (a)      Indemnityandotherdealingarrangements

                (b)      Agreements,arrangementsorunderstandingsrelatingtooptionsorderivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer or person acting in concert making the disclosure 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


AreanySupplementalFormsattached?

Supplemental Form 8 (Open Positions)	No
Supplemental Form 8 (SBL)	No

Date of disclosure:	24 January 202 3
Contact name:	Brian McLelland
Telephone number:	07721211100

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 dealing disclosure requirements on [phone].

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