Crown Ocean Capital P1 Ltd Form 8.3 - Bowleven PLC (4195B)

TIDMBLVN

RNS Number : 4195B

Crown Ocean Capital P1 Ltd

03 April 2017

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
      (a) Full name of discloser:           Crown Ocean Capital 
                                             P1 Limited 
-----------------------------------------  ---------------------- 
      (b) Owner or controller               Christian Petersmann, 
       of interests and short                Konstantin Stoyanov 
       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. 
-----------------------------------------  ---------------------- 
      (c) Name of offeror/offeree           Bowleven Plc 
       in relation to whose relevant 
       securities this form relates: 
       Use a separate form for 
       each offeror/offeree 
-----------------------------------------  ---------------------- 
      (d) If an exempt fund manager         N/A 
       connected with an offeror/offeree, 
       state this and specify 
       identity of offeror/offeree: 
-----------------------------------------  ---------------------- 
      (e) Date position held/dealing        31 March 2017 
       undertaken: 
       For an opening position 
       disclosure, state the latest 
       practicable date prior 
       to the disclosure 
-----------------------------------------  ---------------------- 
      (f) In addition to the                No 
       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" 
-----------------------------------------  ---------------------- 
 
   2.         POSITIONS OF THE PERSON 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 following the dealing (if any)

 
 Class of relevant                           10p ordinary shares 
  security: 
--------------------------------  ---------------------------------------- 
                                        Interests         Short positions 
                                  --------------------  ------------------ 
                                     Number       %         Number      % 
--------------------------------  -----------  -------  -------------  --- 
      (1) Relevant securities 
       owned and/or controlled:    76,108,159   23.73% 
--------------------------------  -----------  -------  -------------  --- 
      (2) Cash-settled 
       derivatives: 
--------------------------------  -----------  -------  -------------  --- 
      (3) Stock-settled 
       derivatives (including 
       options) and agreements 
       to purchase/sell: 
--------------------------------  -----------  -------  -------------  --- 
 
   TOTAL:                          76,108,159   23.73% 
--------------------------------  -----------  -------  -------------  --- 
 

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).

   (b)        Rights to subscribe for new securities (including directors' and other employee options) 
 
 Class of relevant security 
  in relation to which 
  subscription right 
  exists: 
--------------------------- 
 Details, including 
  nature of the rights 
  concerned and relevant 
  percentages: 
--------------------------- 
 
   3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

   (a)        Purchases and sales 
 
   Class of      Purchase/sale     Number of    Price per 
    relevant                       securities      unit 
    security 
--------------  ---------------  ------------  ---------- 
 10p ordinary 
     shares         Purchase       1,108,541      0.36 
--------------  ---------------  ------------  ---------- 
 
   (b)        Cash-settled derivative transactions 
 
 Class of      Product            Nature of dealing             Number         Price 
  relevant    description        e.g. opening/closing         of reference    per unit 
  security     e.g. CFD              a long/short              securities 
                             position, increasing/reducing 
                                     a long/short 
                                       position 
----------  -------------  -------------------------------  --------------  ---------- 
 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
    Class       Product description     Writing,         Number       Exercise      Type      Expiry    Option 
  of relevant        e.g. call         purchasing,    of securities     price       e.g.       date      money 
   security            option           selling,        to which         per      American,              paid/ 
                                         varying         option         unit      European              received 
                                          etc.           relates                    etc.                  per 
                                                                                                          unit 
-------------  --------------------  -------------  ---------------  ---------  -----------  -------  ---------- 
 
 
   (ii)        Exercise 
 
 Class of      Product      Exercising/       Number        Exercise 
  relevant    description    exercised     of securities    price per 
  security     e.g. call      against                         unit 
                option 
----------  -------------  ------------  ---------------  ----------- 
 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of     Nature of dealing    Details    Price per 
  relevant    e.g. subscription,               unit (if 
  security        conversion                  applicable) 
----------  --------------------  --------  ------------- 
 
 
   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 person making 
  the disclosure and any party to the offer 
  or any person acting in concert with a party 
  to the offer: 
  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 person making the disclosure 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 
 
 Is a Supplemental Form 8 (Open Positions)   NO 
  attached? 
------------------------------------------  --- 
 
 
 Date of disclosure:    03 April 2017 
---------------------  -------------------------- 
 Contact name:          Modesto Reynoso Nedelchev 
---------------------  -------------------------- 
 Telephone number:      [phone] 
---------------------  -------------------------- 
 

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 [phone].

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

RETOKNDDQBKDCQK

(END) Dow Jones Newswires

April 03, 2017 10:20 ET (14:20 GMT)