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Faroe Petroleum PLC (FPM)

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Friday 21 December, 2018

Faroe Petroleum PLC

Form 8 (OPD) Faroe Petroleum - Correction

RNS Number : 3513L
Faroe Petroleum PLC
21 December 2018
 

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")

 

This announcement replaces the 'Form 8 (OPD) Faroe Petroleum plc' announcement released under RNS number 9937J. The interests of Bank of Montreal shown at section 3(d) has been amended. All other information remains unchanged

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

Faroe Petroleum 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

Faroe Petroleum plc

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

     The latest practicable date prior to the disclosure

07 December 2018

(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:

 

 

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

     TOTAL:

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:

Nil

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:

 

(a) Interests held by the directors of Faroe Petroleum plc and their related persons

 

Director

Number of Ordinary Shares held

Percentage of total issued share capital (to 3 d.p.)

John Bentley (1)

172,270

0.046

Brent Cheshire

15,000

0.004

Jonathan Cooper (1)

639,230

0.171

Helge Hammer

1,295,950

0.348

Jorunn Saetre

28,571

0.314

Graham Stewart (1)

2,464,127

0.661

Roger Witts (1)

109,180

0.088

 

(1) Includes interests held by close relatives.

 

In addition to the above interests, Jonathan Cooper, Helge Hammer and Graham Stewart are also interested in Ordinary Shares pursuant to the Faroe Petroleum Share Incentive Plan ("SIP"):

 

 

Director

Number of Ordinary Shares held

Percentage of total issued share capital (to 3 d.p.)

Jonathan Cooper

16,934

0.005

Helge Hammer

24,569

0.007

Graham Stewart

25,288

0.007

 

 

(b) Directors' rights to subscribe for Faroe Petroleum plc shares under Faroe Petroleum plc share plans

 

Director

Nature of right

Number of Ordinary Shares

Date of grant

Vesting date

Expiry date

Jonathan Cooper

 

 

 

 

Share options in the Faroe Petroleum Co-Investment Plan ("CIP")

470,977

27/01/2016

27/01/2019

27/01/2026

93,533

12/01/2017

12/01/2020

12/01/2027

12,636

16/02/2017

16/02/2020

16/02/2027

27,204

30/04/2018

29/04/2021

29/04/2028

Share options in the Faroe Petroleum Incentive Plan ("FPIP")

631,034

15/06/2015

15/06/2018

15/06/2022

753,752

09/08/2016

09/08/2019

09/08/2023

644,083

28/07/2017

28/07/2020

28/07/2024

385,844

24/05/2018

24/05/2021

24/05/2025

Share options in the Faroe Petroleum Share Incentive Plan ("SIP")

1,370

31/12/2015

31/12/2018

-

1,144

31/03/2016

01/04/2019

-

1,088

30/06/2016

01/07/2019

-

1,040

30/09/2016

01/10/2019

-

702

03/01/2017

04/01/2020

-

766

31/03/2017

31/03/2020

-

912

28/06/2017

28/06/2020

-

766

27/09/2017

26/09/2020

-

734

03/01/2018

02/01/2021

-

704

29/03/2018

28/03/2021

-

514

29/06/2018

28/06/2021

-

446

28/09/2018

27/09/2021

-

Helge Hammer

Share options in the CIP

458,756

27/01/2016

27/01/2019

27/01/2026

114,044

12/01/2017

12/01/2020

12/01/2027

15,290

16/02/2017

16/02/2020

16/02/2027

29,659

30/04/2018

29/04/2021

29/04/2028

Share options in the FPIP

695,902

15/06/2015

15/06/2018

15/06/2022

831,235

09/08/2016

09/08/2019

09/08/2023

710,292

28/07/2017

28/07/2020

28/07/2024

431,854

24/05/2018

24/05/2021

24/05/2025

Share options in the SIP

2

30/11/2015

30/11/2018

-

1,238

31/12/2015

31/12/2018

-

1,124

31/03/2016

01/04/2019

-

1,122

30/06/2016

01/07/2019

-

1,168

30/09/2016

01/10/2019

-

770

03/01/2017

04/01/2020

-

854

31/03/2017

31/03/2020

-

910

28/06/2017

28/06/2020

-

778

27/09/2017

26/09/2020

-

708

03/01/2018

02/01/2021

-

698

29/03/2018

28/03/2021

-

514

29/06/2018

28/06/2021

-

450

28/09/2018

27/09/2021

-

Graham Stewart

Share options in the CIP

697,329

27/01/2016

27/01/2019

27/01/2026

138,512

12/01/2017

12/01/2020

12/01/2027

18,713

16/02/2017

16/02/2020

16/02/2027

40,289

30/04/2018

29/04/2021

29/04/2028

Share options in the FPIP

1,168,122

15/06/2015

15/06/2018

15/06/2022

1,395,287

09/08/2016

09/08/2019

09/08/2023

1,192,277

28/07/2017

28/07/2020

28/07/2024

714,219

24/05/2018

24/05/2021

24/05/2025

Share options in the SIP

1,370

31/12/2015

31/12/2018

-

1,144

31/03/2016

01/04/2019

-

1,086

30/06/2016

01/07/2019

-

2

29/07/2016

30/07/2019

-

1,040

30/09/2016

01/10/2019

-

702

03/01/2017

04/01/2020

-

766

31/03/2017

31/03/2020

-

912

28/06/2017

28/06/2020

-

766

27/09/2017

26/09/2020

-

734

03/01/2018

02/01/2021

-

704

29/03/2018

28/03/2021

-

514

29/06/2018

28/06/2021

-

446

28/09/2018

27/09/2021

-

 

(c) Interests held by Faroe Petroleum plc Employee Benefit Trust

 

Number of Ordinary Shares held

Percentage of total issued share capital (to 3 d.p.)

2,757,088

0.739

 

(d) Interests held by the connected advisers of Faroe Petroleum plc

 

Name

Number of Ordinary Shares held

Percentage of total issued share capital (to 3 d.p.)

Bank of Montreal

4,016,081

1.077

 

 

 

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:

21 December 2018

Contact name:

Julian Riddick


Telephone number:

+44 (0)20 7839 9720

 

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 +44 (0)20 7638 0129.

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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