Form 8 (OPD) (Islamic Bank of Britain plc) (0685D)

TIDMZZZZ TIDMIBB

RNS Number : 0685D

Westhouse Securities Limited

16 March 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    Qatar International Islamic Bank 
     offer making the disclosure:        Q.S.C. ("QIIB") 
--------------------------------------  -------------------------------------- 
     (b) Owner or controller of          As above 
     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      Islamic Bank of Britain plc ("IBB") 
     relation to whose relevant 
     securities this form relates: Use 
     a separate form for each party to 
     the offer 
--------------------------------------  -------------------------------------- 
     (d) Is the party to the offer       OFFEROR 
     making the disclosure the offeror 
     or the offeree? 
--------------------------------------  -------------------------------------- 
     (e) Date position held:             16 March 2011 
--------------------------------------  -------------------------------------- 
     (f) Has the party previously        NO 
     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: 
  1p ordinary 
----------------------------------  ------------------------------------------ 
                                           Interests          Short positions 
----------------------------------  ----------------------  ------------------ 
                                        Number         %        Number      % 
----------------------------------  --------------  ------  -------------  --- 
     (1) Relevant securities owned 
      and/or controlled:             2,061,299,155   80.95 
----------------------------------  --------------  ------  -------------  --- 
     (2) Derivatives (other than 
     options): 
----------------------------------  --------------  ------  -------------  --- 
     (3) Options and agreements to 
     purchase/sell: 
----------------------------------  --------------  ------  -------------  --- 
     TOTAL:                          2,061,299,155   80.95 
----------------------------------  --------------  ------  -------------  --- 
 

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   None 
  right exists: 
-------------------------------------------------------------  ----- 
 Details, including nature of the rights concerned              None 
  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): 
---------------------------------------------------------- 
 QIIB has received irrevocable undertakings from the 
  following IBB directors to accept or procure acceptance 
  of the Offer in respect of their own beneficial holdings 
  in issued and to be issued IBB Shares as follows: 
                                     Percentage of 
                                      issued share 
   Name of IBB      Number of IBB       capital of 
   Director                Shares              IBB 
 
   Gerry Deegan            20,000          0.0008% 
   Sultan 
    Choudhury              34,000          0.0013% 
---------------------------------------------------------- 
 

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: 
------------------------------------------------------ 
 1. HE Sheikh Thani Bin Abdulla Bin Thani Jasim Al 
  Thani holds 163,869,619 ordinary shares of 1p each 
  representing 6.44% of the issued share capital of 
  IBB. 
  2. Qatar Islamic Insurance Company holds 20,657,972 
  ordinary shares of 1p each representing 0.81% of the 
  issued share capital of IBB. 
------------------------------------------------------ 
 

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:    16 March 2011 
---------------------  --------------- 
 Contact name:          Aasim Qureshi 
---------------------  --------------- 
 Telephone number:      [phone] 
---------------------  --------------- 
 

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

END

FEEDKADPNBKDQND