Pan European Terminals PLC Form 8 (OPD) (Pan European Terminals plc) (9630H)
May 23 2014 - 9:20AM
UK Regulatory
TIDMPAN
RNS Number : 9630H
Pan European Terminals PLC
23 May 2014
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:
PAN EUROPEAN TERMINALS PLC
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(b) Owner or controller of interests and short positions disclosed, if different
from 1(a):
The naming of nominee or vehicle companies is insufficient
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(c) Name of offeror/offeree in relation to whose relevant securities the
disclosure relates: PAN EUROPEAN TERMINALS PLC
Use a separate form for each party to the offer
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(d) Is the party to the offer making the disclosure the offeror or the offeree? OFFEREE
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(e) Date position held: 22 May 2014
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(f) Has the party previously disclosed, or is it today disclosing, under the Code in
respect NO
of any other party to this offer?
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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 1p shares
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Interests Short positions
------------------------------------------------- ------------- ------------------
Number % Number %
------------------------------------------------- ------- ---- ----------- -----
(1) Relevant securities owned and/or controlled: Nil n/a Nil n/a
------------------------------------------------- ------- ---- ----------- -----
(2) Derivatives (other than options): Nil n/a Nil n/a
------------------------------------------------- ------- ---- ----------- -----
(3) Options and agreements to purchase/sell: Nil n/a Nil n/a
------------------------------------------------- ------- ---- ----------- -----
TOTAL: Nil n/a Nil n/a
------------------------------------------------- ------- ---- ----------- -----
Class of relevant 10% Secured Convertible Fixed Rate Loan Notes of GBP1 each, repayable on 19 November 2015
security:
------------------------- -------------------------------------------------------------------------------------------
Interests Short positions
------------------------- --------------------------------------------- --------------------------------------------
Number % Number %
------------------------- -------------------------- ----------------- -------------------------- ----------------
(1) Relevant securities Nil n/a Nil n/a
owned and/or controlled:
------------------------- -------------------------- ----------------- -------------------------- ----------------
(2) Derivatives (other Nil n/a Nil n/a
than options):
------------------------- -------------------------- ----------------- -------------------------- ----------------
(3) Options and Nil n/a Nil n/a
agreements to
purchase/sell:
------------------------- -------------------------- ----------------- -------------------------- ----------------
TOTAL: Nil n/a Nil n/a
------------------------- -------------------------- ----------------- -------------------------- ----------------
Class of relevant 10% Guaranteed Convertible Fixed Rate Loan Notes of GBP1 each, repayable on 26 April 2016
security:
------------------------- -------------------------------------------------------------------------------------------
Interests Short positions
------------------------- --------------------------------------------- --------------------------------------------
Number % Number %
------------------------- -------------------------- ----------------- -------------------------- ----------------
(1) Relevant securities Nil n/a Nil n/a
owned and/or controlled:
------------------------- -------------------------- ----------------- -------------------------- ----------------
(2) Derivatives (other Nil n/a Nil n/a
than options):
------------------------- -------------------------- ----------------- -------------------------- ----------------
(3) Options and Nil n/a Nil n/a
agreements to
purchase/sell:
------------------------- -------------------------- ----------------- -------------------------- ----------------
TOTAL: Nil n/a Nil n/a
------------------------- -------------------------- ----------------- -------------------------- ----------------
Class of relevant Warrants over Ordinary Shares of 1p each exercisable at 24.5p per Share between 17
security: November
2011 and 17 November 2016
------------------------- -------------------------------------------------------------------------------------------
Interests Short positions
------------------------- --------------------------------------------- --------------------------------------------
Number % Number %
------------------------- -------------------------- ----------------- -------------------------- ----------------
(1) Relevant securities Nil n/a Nil n/a
owned and/or controlled:
------------------------- -------------------------- ----------------- -------------------------- ----------------
(2) Derivatives (other Nil n/a Nil n/a
than options):
------------------------- -------------------------- ----------------- -------------------------- ----------------
(3) Options and Nil n/a Nil n/a
agreements to
purchase/sell:
------------------------- -------------------------- ----------------- -------------------------- ----------------
TOTAL: Nil n/a Nil n/a
------------------------- -------------------------- ----------------- -------------------------- ----------------
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
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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
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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:
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3(a). Interests of directors of Pan European Terminals plc ("PAN"):
Director Number of ordinary % of PAN issued
1p shares ordinary shares
-------------- ------------------- -----------------
Simon Escott 4,926,500 4.63%
-------------- ------------------- -----------------
3(b) Directors' rights to subscribe for PAN shares:
None
3(c). Interests of connected advisers:
Adviser Number of ordinary % of PAN issued
1p shares ordinary shares
---------------------- ------------------- -----------------
Westhouse Securities 0 0%
---------------------- ------------------- -----------------
finnCap Limited 0 0%
---------------------- ------------------- -----------------
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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
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
------------------------------------- ---
Supplemental Form 8 (SBL) NO
------------------------------------- ---
Date of disclosure: 23 May 2014
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Contact name: Simon Escott
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Telephone number: 020 3145 1909
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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
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