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MKT Market Tech Holdings

187.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Market Tech Holdings LSE:MKT London Ordinary Share GG00BSSWD593 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 187.25 186.50 188.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Market Tech Holdings Limited Form 8 (OPD) (3168D)

25/04/2017 5:05pm

UK Regulatory


Market Tech (LSE:MKT)
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TIDMMKT

RNS Number : 3168D

Market Tech Holdings Limited

25 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:                                                    MARKET TECH HOLDINGS LIMITED 
-----------------------------------------------------------------------------  --------------------------------------- 
 (b) Owner or controller of interests and short positions disclosed, if         N/A 
 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 securities this      OFFEREE - MARKET TECH HOLDINGS LIMITED 
 form relates: 
 Use a separate form for each offeror/offeree 
-----------------------------------------------------------------------------  --------------------------------------- 
 (d) Is the discloser the offeror or the offeree?                               OFFEREE 
-----------------------------------------------------------------------------  --------------------------------------- 
 (e) Date position held:                                                        24 APRIL 2017 
  The latest practicable date prior to the disclosure 
-----------------------------------------------------------------------------  --------------------------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making          N/A 
 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:                                                          Ordinary shares of 10p each 
------------------------------------------------------------------------------  -------------------------------------- 
                                                                                     Interests        Short positions 
------------------------------------------------------------------------------  ------------------  ------------------ 
                                                                                    Number      %       Number       % 
------------------------------------------------------------------------------  -------------  ---  -------------- 
 (1) Relevant securities owned and/or controlled:                                    Nil        0         Nil        0 
------------------------------------------------------------------------------  -------------  ---  -------------- 
 (2) Cash-settled derivatives:                                                       Nil        0         Nil        0 
------------------------------------------------------------------------------  -------------  ---  -------------- 
 (3) Stock-settled derivatives (including options) and agreements to 
  purchase/sell:                                                                     Nil        0         Nil        0 
------------------------------------------------------------------------------  -------------  ---  -------------- 
 
   TOTAL:                                                                            Nil        0         Nil        0 
------------------------------------------------------------------------------  -------------  ---  -------------- 
 

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 Market Tech Holdings Limited's ordinary shares held by the directors of Market 
   Tech Holdings Limited and their close relatives and related trusts 
    Class of relevant    Ordinary shares of 10 pence 
     securities:          each 
   -------------------  --------------------------------------- 
    Director             Number of Market    Percentage of 
                          Tech Holdings       total issued 
                          Limited ordinary    share capital 
                          shares held         (excluding shares 
                                              under option)* 
   -------------------  ------------------  ------------------- 
    Neil Sachdev         67,471              0.01% 
   -------------------  ------------------  ------------------- 
    Charles Butler       192,415             0.04% 
   -------------------  ------------------  ------------------- 
    John Le Poidevin     47,471              0.01% 
   -------------------  ------------------  ------------------- 
    Sharon Baylay        11,500              0.00% 
   -------------------  ------------------  ------------------- 
    Thomas Teichman      30,393              0.01% 
   -------------------  ------------------  ------------------- 
    Total                349,250             0.07% 
   -------------------  ------------------  ------------------- 
 
   *Percentages have been rounded. 
 
   (b) Options over Market Tech Holdings Limited ordinary shares held by the directors of Market 
   Tech Holdings Limited and their close relatives and related trusts 
    Class           Ordinary shares of 10 pence each 
     of relevant 
     securities 
   --------------  ------------------------------------------------------------------------ 
    Name            Scheme    Number          Percentage      Vesting          Exercise 
                              of Market        of current      date             price 
                              Tech Holdings    total 
                              Limited          issued 
                              shares           share 
                              held             capital* 
   --------------  --------  --------------  --------------  ---------------  ------------- 
                                                              Between 
                                                               July            GBP1.00 
                                                               2018             per each 
    Charles                                                    and July         occasion 
     Butler         LTIP      835,916         0.18%            2019             of exercise 
   --------------  --------  --------------  --------------  ---------------  ------------- 
                    LTIP      Shares          Cannot          The date         GBP1.00 
                              of a value      be determined    on or            per each 
                              of              at date          before           occasion 
                              GBP1,000,000    of disclosure    15 September     of exercise 
                                                               2019 
                                                               on which 
                                                               one or 
                                                               more 
                                                               performance 
                                                               conditions 
                                                               are satisfied 
   --------------  --------  --------------  --------------  ---------------  ------------- 
                                                                               GBP1.00 
                                                                                per each 
    David                                                     27 July           occasion 
     Brown          LTIP      311,258         0.07%            2019             of exercise 
   --------------  --------  --------------  --------------  ---------------  ------------- 
                                                              Up to 
                                                               40% to 
                                                               vest 
                                                               in December 
                                                               2017 
                                                               and up 
                                                               to 60%          GBP1.00 
                                                               to vest          per each 
    Georg                                                      in July          occasion 
     Bucher         LTIP      159,574         0.03%            2018             of exercise 
   --------------  --------  --------------  --------------  ---------------  ------------- 
                                                                               GBP1.00 
                                                                                per each 
                                                              27 July           occasion 
     LTIP                     198,675         0.04%            2019             of exercise 
    -----------------------  --------------  --------------  ---------------  ------------- 
 
   *Percentages have been rounded. 
 
   (c) Interest in Market Tech Holdings Limited ordinary shares held by other concert parties 
   by Market Tech Holdings Limited 
    Class of relevant securities               Ordinary shares 
                                                of 10 pence 
                                                each 
   -----------------------------------------  ------------------- 
    Name of concert         Number of Market   Percentage of 
     party                   Tech Holdings      total issued 
                             Limited shares     share capital 
                             held               (excluding shares 
                                                under option)* 
   ----------------------  -----------------  ------------------- 
    VL Trust Corporation 
     Limited                16,928             0.00% 
   ----------------------  -----------------  ------------------- 
 
   *Percentages have been rounded. 
-------------------------------------------------------------------------------------------------- 
 

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" 
------------------------------------------------------------------------------------------------ 
 
   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:    24 April 2017 
---------------------  ---------------- 
 Contact name:          Caroline Grange 
---------------------  ---------------- 
 Telephone number:      +442038187575 
---------------------  ---------------- 
 

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 +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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April 25, 2017 12:05 ET (16:05 GMT)

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