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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Castle Support | LSE:CSU | London | Ordinary Share | GB00B1XLC667 | ORD 20P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 108.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMCSU
RNS Number : 9469M
Sulzer Ltd
02 June 2010
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) | Sulzer |
| Identity | (UK) |
| of the | Holdings |
| party to | Limited, |
| the | a |
| offer | wholly-owned |
| making | subsidiary |
| the | of Sulzer |
| disclosure: | Ltd |
+-----------------+--------------+
| (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) | Castle |
| Name | Support |
| of | Services |
| offeror/offeree | plc |
| in relation to | |
| whose relevant | |
| securities the | |
| disclosure | |
| relates: | |
| Use a separate | |
| form for each | |
| party to the | |
| offer | |
+-----------------+--------------+
| (d) Is | OFFEROR |
| the | |
| party | |
| to the | |
| offer | |
| making | |
| the | |
| disclosure | |
| the | |
| offeror or | |
| the | |
| offeree? | |
+-----------------+--------------+
| (e) | 2 June |
| Date | 2010 |
| position | |
| held: | |
+-----------------+--------------+
| (f) | NO |
| Has | |
| the | |
| party | |
| previously | |
| disclosed, | |
| or is it | |
| today | |
| disclosing, | |
| under the | |
| Code in | |
| 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: | | | | |
+----------------+--------+--------+--------+--------+
| (2) | | | | |
| Derivatives | | | | |
| (other than | | | | |
| options): | | | | |
+----------------+--------+--------+--------+--------+
| (3) | | | | |
| Options | | | | |
| and | | | | |
| agreements | | | | |
| to | | | | |
| purchase/sell: | | | | |
+----------------+--------+--------+--------+--------+
| 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): |
+-----------------+
| The |
| following |
| persons, |
| all of |
| whom are |
| directors |
| of Castle |
| Support |
| Services |
| plc |
| ("Castle"), |
| have given |
| Irrevocable |
| Undertakings |
| to the |
| Offeror in |
| respect of |
| the number |
| of ordinary |
| shares in |
| Castle |
| ("Castle |
| Shares") set |
| out below |
| (and any |
| further |
| shares |
| acquired by |
| them prior |
| to the Offer |
| closing, |
| lapsing or |
| being |
| withdrawn): |
| |
| Director |
| Number of |
| Castle |
| Shares |
| Timothy |
| Barrett |
| 3,442,128 |
| Colin Keith |
| 1,996,435 |
| David Banks |
| 80,317 |
| |
| These |
| Irrevocable |
| Undertakings |
| shall |
| terminate |
| and be of no |
| further |
| force and |
| effect if: |
| a) |
| the Offer |
| Document is |
| not posted |
| by 7 June |
| 2010; or |
| b) |
| the Offer |
| lapses or is |
| withdrawn. |
| |
| These |
| Irrevocable |
| Undertakings |
| will |
| continue to |
| be binding |
| on such |
| persons even |
| in the event |
| that a third |
| party makes |
| a higher |
| competing |
| offer. |
| |
| In addition, |
| the |
| following |
| Castle |
| Shareholders |
| have given |
| Irrevocable |
| Undertakings |
| to the |
| Offeror in |
| respect of |
| the number |
| of Castle |
| Shares set |
| out below: |
| |
| Name |
| Number of |
| Castle |
| Shares |
| North |
| Atlantic |
| Smaller |
| Companies |
| Investment |
| Trust plc |
| 31,000,000 |
| North |
| Atlantic |
| Value LLP |
| (as |
| investment |
| manager/adviser |
| to other fund |
| management |
| clients)* |
| 30,859,582 |
| Peter Klimt and |
| family |
| 21,745,190 |
| The Naggar |
| family |
| 18,302,772 |
| Acacia Pension |
| Scheme |
| 1,600,000 |
| Sarah Dearden |
| 2,074,752 |
| |
| * Includes |
| 11,969,446 |
| Castle Shares |
| held on behalf |
| of Tudor |
| Davies, 75,000 |
| Castle Shares |
| held on behalf |
| of Colin Keith |
| and 789,464 |
| Castle Shares |
| held on behalf |
| of Christopher |
| Mills and his |
| immediate |
| family. |
| |
| These |
| Irrevocable |
| Undertakings |
| shall terminate |
| and be of no |
| further force |
| and effect if: |
| a) the |
| Offer Document |
| is not posted |
| by 7 June 2010; |
| or |
| b) the |
| Offer lapses or |
| is withdrawn. |
| |
| These |
| Irrevocable |
| Undertakings |
| will also |
| continue to be |
| binding on such |
| persons even in |
| the event that |
| a third party |
| makes a higher |
| competing |
| offer. |
| |
+-----------------+
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: |
+-------------+
| We |
| have |
| not |
| yet |
| been |
| able |
| to |
| complete |
| our |
| enquiries |
| in |
| relation |
| to the |
| holdings |
| of |
| persons |
| acting in |
| concert |
| with |
| Sulzer |
| (UK) |
| Holdings |
| Limited. |
| A further |
| Opening |
| Position |
| Disclosure |
| will, if |
| required, |
| be made in |
| due |
| course. |
| |
+-------------+
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 | NO |
| Form 8 (Open | |
| Positions) | |
+--------------+--------+
| Supplemental | NO |
| Form 8 (SBL) | |
+--------------+--------+
+-------------+------------------+
| Date | 2 June |
| of | 2010 |
| disclosure: | |
+-------------+------------------+
| Contact | Philippe |
| name: | Dewitz - |
| | Head of |
| | Investor |
| | Relations |
+-------------+------------------+
| Telephone | +41 52 262 20 22 |
| number: | |
+-------------+------------------+
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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