TIDMRED TIDMMXM

RNS Number : 4418M

Redstone PLC

17 September 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:                               Redstone Plc ("Redstone") 
------------------------------------------------------------------------------------------  -------------------------- 
 (b) Owner or controller of interests and short positions disclosed, if different from       n/a 
 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:     Redstone Plc ("Redstone") 
  Use a separate form for each party to the offer 
------------------------------------------------------------------------------------------  -------------------------- 
 (d) Is the party to the offer making the disclosure the offeror or the offeree?             OFFEROR 
------------------------------------------------------------------------------------------  -------------------------- 
 (e) Date position held:                                                                     17 September 2012 
------------------------------------------------------------------------------------------  -------------------------- 
 (f) Has the party previously disclosed, or is it today disclosing, under the Code in        yes 
 respect 
 of any other party to this offer? 
------------------------------------------------------------------------------------------  -------------------------- 
 
   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: 
-------------------------------------------------  -------------------------------- 
                                                     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 
-------------------------------------------------  --------      -------------  --- 
                                                      Nil             Nil 
   TOTAL: 
-------------------------------------------------  --------      -------------  --- 
 

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:    Nil 
----------------------------------------------------------------------------  ---- 
 Details, including nature of the rights concerned and relevant percentages:   Nil 
----------------------------------------------------------------------------  ---- 
 

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: 
------------------------------------------------------------------------------------------------------ 
 
   The following directors of Redstone hold the following number of ordinary shares of 1 penny 
   each in the share capital of Redstone: 
    Director                                      No of Shares        % 
    MXC Capital (Representing the interests 
     of Ian Smith (Non Executive Director) and 
     Tony Weaver (CEO)) and Ian Smith's SIPP       579,165,352   18.67% 
    Peter Hallett - Finance Director                21,000,000    0.68% 
    Richard Ramsay - Non Executive Chairman          3,841,200    0.12% 
    David Payne - Non Executive Director             8,050,000    0.26% 
    Total                                          613,306,551   19.73% 
                                                 -------------  ------- 
 
 
 
   The following directors of Redstone hold the following number of options over ordinary shares 
   of 1 penny each in the share capital of Redstone: 
    Director       No of Options   Exercise Price 
    Peter Hallet     122,719,550        0.5 pence 
    Tony Weaver       67,719,551        0.5 pence 
    Ian Smith         67,719,551        0.5 pence 
 
 
   In addition, MXC (representing the interests of Ian Smith (non executive director of Redstone) 
   and Tony Weaver (CEO of Redstone) have subscribed for 55,000,000 ordinary shares in the conditional 
   placing of 300,000,000 ordinary shares of 1 penny each in the share capital of Redstone. 
------------------------------------------------------------------------------------------------------ 
 

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:    17 September 2012 
---------------------  ------------------ 
 Contact name:          Richard Ramsay 
---------------------  ------------------ 
 Telephone number:      07949 217798 
---------------------  ------------------ 
 

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 monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing 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

END

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