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Taliesin Prop Fd Ltd (TPF)

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Thursday 21 December, 2017

Taliesin Prop Fd Ltd

Form 8 (OPD) - Taliesin Property Fund Limited

RNS Number : 1140A
Taliesin Property Fund Limited
21 December 2017
 

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:

TALIESIN PROPERTY FUND LIMITED (TALIESIN)

(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

TALIESIN

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

OFFEREE

(e) Date position held:

     The latest practicable date prior to the disclosure

20 DECEMBER 2017

(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"

N/A

 

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:

 

Taliesin's ordinary shares of no par value

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

NIL

-

-13,129

0.26%

(2) Cash-settled derivatives:

 

NIL

-

NIL

-

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

NIL

-

NIL

-

 

     TOTAL:

NIL

-

-13,129

0.26%

 

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:

NONE

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 of directors of Taliesin in Taliesin's ordinary shares of no par value

 

Director

Number of ordinary shares

Nigel Anthony Le Quesne

5,200

Stephen Anthony Burnett

-

Mark Smith

124,720(1) 

 

Nicholas Mark Houslop

-

Nikolaus von Palombini

-

 

(1) This figure comprises: (i) 47,340 ordinary shares whose registered holder is WH Ireland (HSBC Global Custody Nominee) and beneficial owner is Mark Smith; (ii) 38,060 ordinary shares whose registered holder is Cannacord Wealth (CGWL Nominees) and beneficial owner is Mark Smith; (iii) 30,000 ordinary shares whose registered holder is Mark Smith/PAL Trustees IPS60095 and beneficial owner is Mark Smith; (iv) 9,320 ordinary shares whose registered holder is Cannacord Wealth (CGWL Nominees) and beneficial owner is the wife of Mark Smith, being Samantha Smith.

 

(b) Interests of persons acting in concert with Taliesin

 

Entity

Number of ordinary shares

Taliesin Management Limited(2)

680,897

JJ Investment Management Limited(3)

473,584

 

(2) This entity is 75.62% owned by Mark Smith.

(3) This entity is 100% owned by Mark Smith.

 

(c) Interests of connected advisers of Taliesin

 

Entity

Number of ordinary shares

NM Rothschild & Sons Limited

0

Stockdale Securities Limited

-13,129

 

 

 

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 2017

Contact name:

Mark Smith

Telephone number:

+44 (0) 1534 700 000

 

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 company news service from the London Stock Exchange
 
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