TIDMSAVG

RNS Number : 8455S

Savile Group PLC

12 November 2013

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:                                  Savile Group plc 
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 (b) Owner or controller of interests and short positions disclosed, if different from 1(a):    Not applicable 
  The naming of nominee or vehicle companies is insufficient 
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 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:        Savile Group 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 
---------------------------------------------------------------------------------------------  ----------------- 
 (e) Date position held:                                                                        11 November 2013 
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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 Shares of 3p each 
-------------------------------------------------  ------------------------------------- 
                                                       Interests        Short positions 
-------------------------------------------------  -----------------  ------------------ 
                                                      Number      %       Number       % 
-------------------------------------------------  ------------  ---  -------------- 
 (1) Relevant securities owned and/or controlled:      None                None 
-------------------------------------------------  ------------  ---  -------------- 
 (2) Derivatives (other than options):                 None                None 
-------------------------------------------------  ------------  ---  -------------- 
 (3) Options and agreements to purchase/sell:          None                None 
-------------------------------------------------  ------------  ---  -------------- 
                                                       None                None 
   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 
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 Details, including nature of the rights concerned and relevant percentages: 
----------------------------------------------------------------------------  ----

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): 
----------------------------------------------------------------------------------------------- 
 
   Not applicable 
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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: 
------------------------------------------------------------------------------------------------ 
 As at the close of business on 11 November 2013, the interests in, rights to subscribe for, 
  and short positions in respect of, relevant securities of Savile Group plc held by the Savile 
  Group plc Directors, their immediate families and related trusts and companies (excluding 
  options as set out in the paragraph below), were as follows: 
  Number of % 
  Name Savile Shares 
  Jonathan Cohen1,2 2,421,642 16.2 
  Peter Conroy3 2,502,912 16.7 
  David Harrel 205,000 1.4 
  Mark Sidlin 41,667 0.3 
 
  1 10,000 of the Savile Shares in which Jonathan Cohen is interested are held by J. M. Finn 
  Nominees 
  Limited. 
  2 1,087,776 of the Savile Shares attributed to Jonathan Cohen are jointly owned by Jonathan 
  Cohen and 
  Bee Securities Limited, a company which is 100 per cent. owned by Peter Conroy and his family. 
  3 1,087,776 of the Savile Shares attributed to Peter Conroy are jointly owned by Jonathan 
  Cohen and Bee 
  Securities Limited, a company which is 100 per cent. owned by Peter Conroy and his family 
  1,160,136 
  of the Savile Shares in which Peter Conroy is interested are held solely by Bee Securities 
  Limited and 
  the balance is held by Peter Conroy and his family. 
 
  Option held by Savile Directors 
  Number of 
  Savile Shares Exercise 
  Name Date of grant under option price (p) 
  Penny de Valk 14 May 2013 500,000 6.5 
  Clare Chalmers 14 May 2013 500,000 6.5 
 
  The options may be exercised from the date of announcement of Savile's audited annual 
  results for the year ended 30 June 2016 until 13 May 2023. 
------------------------------------------------------------------------------------------------

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:    12 November 2013 
---------------------  ----------------- 
 Contact name:          Mark Sidlin 
---------------------  ----------------- 
 Telephone number:      020 7204 6914 
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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

END

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