Form 8 (OPD) (Adrian Williams) (5205T)

TIDMDMP

RNS Number : 5205T

Adrian John Williams

07 December 2011

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:                                 Adrian John Williams 
--------------------------------------------------------------------------------------------  ------------------------ 
 (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 
--------------------------------------------------------------------------------------------  ------------------------ 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:       Adrian John Williams 
  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?               OFFEROR 
--------------------------------------------------------------------------------------------  ------------------------ 
 (e) Date position held:                                                                       7 December 2011 
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 (f) Has the party previously disclosed, or is it today disclosing, under the Code in          NO 
 respect                                                                                        If YES, specify which: 
 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 1p each 
--------------------------------------------------  ---------------------------------------- 
                                                          Interests         Short positions 
--------------------------------------------------  --------------------  ------------------ 
                                                        Number       %        Number      % 
--------------------------------------------------  -------------  -----  -------------  --- 
 (1) Relevant securities owned and/or controlled:    119,419,929    73.1       None       0 
--------------------------------------------------  -------------  -----  -------------  --- 
 (2) Derivatives (other than options):                   None        0         None       0 
--------------------------------------------------  -------------  -----  -------------  --- 
 (3) Options and agreements to purchase/sell:         17,474,880    10.7       None       0 
--------------------------------------------------  -------------  -----  -------------  --- 
 
  TOTAL:                                             136,894,809    83.8       None       0 
--------------------------------------------------  -------------  -----  -------------  --- 
 

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:    None 
----------------------------------------------------------------------------  ----- 
 Details, including nature of the rights concerned and relevant percentages:   None 
----------------------------------------------------------------------------  ----- 
 

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 
----------------------------------------------------------------------------------------------- 
 
   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: 
--------------------------------------------------------------------------------------------- 
 
  Hugh Villiers, a holder of 17,474,880 ordinary shares of 1 pence each in DM is considered 
  to be acting in concert with Adrian Williams (the "Offeror") as a result of the terms of a 
  shareholders' agreement (the "Shareholders' Agreement") made between the Offeror and Hugh 
  Villiers and dated 8 January 2009 under which: 
  (a) consequent upon the Offer, the Offeror has an option to acquire all of such shares at 
  a price equivalent to the offer price per share. Please note that the Offeror has, earlier 
  today, exercised such option and completion of the acquisition of such shares is expected 
  to occur on 21 December 2011; and 
  (b) the Offeror has the right to vote all such shares at his discretion which right is also 
  supported by a power of attorney granted by Hugh Villiers. 
--------------------------------------------------------------------------------------------- 
 

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" 
------------------------------------------------------------------------------------------------ 
 The Offeror and Hugh Villiers are a party to the Shareholders' Agreement. Please refer to 
  the response to question 3 above for further information. 
------------------------------------------------------------------------------------------------ 
 
   (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" 
---------------------------------------------------------------------------------------------------- 
 The Offeror and Hugh Villiers are a party to the Shareholders' Agreement. The Shareholders' 
  Agreement contains a power of attorney pursuant to which the Offeror has the right to vote 
  all shares held by Hugh Villiers at his discretion. Further details of the Shareholders' Agreement 
  are contained in the response to Question 3 above. 
---------------------------------------------------------------------------------------------------- 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  --- 
 
 
 Date of disclosure:    7 December 2011 
---------------------  -------------------------------- 
 Contact name:          Thomas Brennan 
                         Davies and Partners Solicitors 
---------------------  -------------------------------- 
 Telephone number:      01454 619619 
---------------------  -------------------------------- 
 

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 [e-mail]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing 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

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