Kennedy Wilson Europe Real Estate Form 8 (OPD) (7136D)

TIDMKWE

RNS Number : 7136D

Kennedy Wilson Europe Real Estate

28 April 2017

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) Full name of discloser:                                         Kennedy Wilson Europe Real Estate Plc ("Offeree") 
------------------------------------------------------------------  -------------------------------------------------- 
 (b) Owner or controller of interests and short positions            The persons/entities listed in section 3 below 
 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 in relation to whose relevant           Kennedy-Wilson Holdings, Inc. ("Offeror") 
 securities this form relates: 
 Use a separate form for each offeror/offeree 
------------------------------------------------------------------  -------------------------------------------------- 
 (d) Is the discloser the offeror or the offeree?                    Offeree 
------------------------------------------------------------------  -------------------------------------------------- 
 (e) Date position held:                                             27 April 2017 
  The latest practicable date prior to the disclosure 
------------------------------------------------------------------  -------------------------------------------------- 
 (f) In addition to the company in 1(c) above, is the discloser      Yes - Kennedy Wilson Europe Real Estate plc 
 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 PARTY TO THE OFFER 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

 
 Class of relevant security:                    Shares of common stock, par value $0.0001 each (ISIN: US4893981070) 
------------------------------------------  -------------------------------------------------------------------------- 
                                                          Interests                          Short positions 
------------------------------------------  -------------------------------------  ----------------------------------- 
                                                    Number                %                Number               % 
------------------------------------------  ----------------------  -------------  ---------------------  ------------ 
 (1) Relevant securities owned and/or                 Nil                Nil                Nil                Nil 
 controlled: 
------------------------------------------  ----------------------  -------------  ---------------------  ------------ 
 (2) Cash-settled derivatives:                        Nil                Nil                Nil                Nil 
------------------------------------------  ----------------------  -------------  ---------------------  ------------ 
 (3) Stock-settled derivatives (including             Nil                Nil                Nil                Nil 
 options) and agreements to purchase/sell: 
------------------------------------------  ----------------------  -------------  ---------------------  ------------ 
                                                      Nil                Nil                Nil                Nil 
   TOTAL: 
------------------------------------------  ----------------------  -------------  ---------------------  ------------ 
 

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).

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 
----------------------------------------------------------------------------  ----- 
 
   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 (including directors' and 
  other employee options) of any person acting in concert with the party to the offer making 
  the disclosure: 
-------------------------------------------------------------------------------------------- 
            (a) Interests in the Offeror's shares of common stock 
              Class of relevant         Shares of common stock, par 
               security:                 value $0.0001 each (ISIN: 
                                               US4893981070) 
             -----------------------  ------------------------------ 
              Name                           Number            % 
             -----------------------  -------------------  --------- 
              William McMorrow 
               (director)                 1,761,451[1]        1.54 
             -----------------------  -------------------  --------- 
              Leslie McMorrow 
               (William McMorrow's 
               wife)                         90,851           0.08 
             -----------------------  -------------------  --------- 
              Tyler McMorrow 
               (William McMorrow's 
               son)                         387,821           0.34 
             -----------------------  -------------------  --------- 
              William McMorrow 
               and his close 
               relatives (held 
               by William McMorrow 
               as trustee of 
               the William 
               J. McMorrow 
               Revocable Trust)            11,270,894         9.87 
             -----------------------  -------------------  --------- 
              William McMorrow               8,443           <0.01 
               and his close 
               relatives (held 
               by William McMorrow 
               as trustee of 
               the John & Sons 
               Retirement Trust) 
             -----------------------  -------------------  --------- 
              Mary Ricks (director)       1,547,692[2]        1.65 
             -----------------------  -------------------  --------- 
 
               Total                        2,222,303         13.49 
             -----------------------  -------------------  --------- 
 
 
             (b) Any other types of interests in the Offeror's shares of common stock)? 
             None 
-------------------------------------------------------------------------------------------- 
 

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).

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: 
  Irrevocable commitments and letters of intent should not be included. If there are no such 
  agreements, arrangements or understandings, state "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:    27 April 2017 
---------------------  ----------------------------------------- 
 Contact name:          Padmini Singla - General Counsel, Europe 
---------------------  ----------------------------------------- 
 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.

[1] This number includes 583,334 restricted stock grants ("RSGs") issued to William McMorrow by the Offeror. Whilst these RSGs have not yet vested, William McMorrow has the right to exercise the voting rights in respect of the underlying stock in the Offeror.

[2] This number includes 346,667 RSGs issued to Mary Ricks by the Offeror. Whilst these RSGs have not yet vested, Mary Ricks has the right to exercise the voting rights in respect of the underlying stock in the Offeror.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 28, 2017 07:12 ET (11:12 GMT)