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EME Empyrean Energy Plc

0.475
0.00 (0.00%)
Last Updated: 08:00:15
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.475 0.428 0.522 27,459 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 0 -20.8M -0.0211 -0.22 4.63M

Empyrean Energy PLC Public opening position disclosure (8703M)

21/07/2014 1:41pm

UK Regulatory


Empyrean Energy (LSE:EME)
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TIDMEME

RNS Number : 8703M

Empyrean Energy PLC

21 July 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:                                  Empyrean Energy 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 
---------------------------------------------------------------------------------------------  -------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:        Empyrean Energy PLC 
  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?                Offeree 
---------------------------------------------------------------------------------------------  -------------------- 
 (e) Date position held:                                                                        21 July 2014 
---------------------------------------------------------------------------------------------  -------------------- 
 (f) Has the party previously disclosed, or is it today disclosing, under the Code in respect   NO 
  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:                            Ordinary Shares of 0.2 pence 
-------------------------------------------------  -------------------------------------- 
                                                        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:    - 
---------------------------------------------------------------------------- 
 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): 
----------------------------------------------------------------------------------------------- 
 
   - 
----------------------------------------------------------------------------------------------- 
 

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: 
---------------------------------------------------------------------------------------------------------------------- 
 
 a       Beneficial holdings of directors of Empyrean Energy PLC in its ordinary shares 
 
         Name                        Number of Ordinary Shares             % of issued share capital 
  Dr Patrick Cross                                     340,000                                 0.15% 
  Tom Kelly                                         20,881,563                                 9.43% 
  Frank Brophy                                       2,233,333                                 1.01% 
  John Laycock                                         900,000                                 0.41% 
  Total 
 
 b       Options and awards held by directors of Empyrean Energy PLC in its ordinary shares 
 
  Name                            Number of Options         Exercise Price                                 Expiry date 
  Dr Patrick Cross                          650,000                GBP0.08    Four months after the publication of the 
                                                                                Company's Annual Report & Accounts for 
                                                                                                            the period 
                                                                                                      to 31 March 2014 
                                            750,000                GBP0.08                                2 March 2015 
  Tom Kelly                               6,000,000                GBP0.08    Four months after the publication of the 
                                                                                Company's Annual Report & Accounts for 
                                                                                                            the period 
                                                                                                      to 31 March 2014 
                                          7,500,000                GBP0.08                                2 March 2015 
  Frank Brophy                            4,000,000                GBP0.08    Four months after the publication of the 
                                                                                Company's Annual Report & Accounts for 
                                                                                                            the period 
                                                                                                      to 31 March 2014 
                                          5,000,000                GBP0.08                                2 March 2015 
  John Laycock                              450,000                GBP0.08    Four months after the publication of the 
                                                                                Company's Annual Report & Accounts for 
                                                                                                            the period 
                                                                                                      to 31 March 2014 
                                            750,000                GBP0.08                                2 March 2015 
 
 c       Interests of advisers to Empyrean Energy PLC in its ordinary shares 
 
  As announced on 18 April 2012, the Company granted options in respect of its ordinary shares 
   to Macquarie Bank Limited as follows: 
 
  Name                                           Number of Options             Exercise Price                   Expiry 
  Macquarie Bank Limited                                15,000,000                    GBP0.08             19 July 2016 
  Macquarie Bank Limited                                15,000,000                    GBP0.10             19 July 2016 
  Macquarie Bank Limited                                15,000,000                    GBP0.12            25 March 2017 
 
  Macquarie Capital, financial adviser to Empyrean Energy plc, and Macquarie Bank Limited are 
   members of Macquarie Group 
 
 
 

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: 
------------------------------------------------------------------------------------------------ 
 
   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: 
---------------------------------------------------------------------------------------------- 
 
   None 
---------------------------------------------------------------------------------------------- 
 
   (c)           Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  --- 
 
 
 Date of disclosure:    21 July 2014 
---------------------  ------------------------------------------ 
 Contact name:          Elizabeth Hunt 
                         Company Secretary & Financial Controller 
---------------------  ------------------------------------------ 
 Telephone number:      +61 (08) 9481 0389 
---------------------  ------------------------------------------ 
 

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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