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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sunkar | LSE:SKR | London | Ordinary Share | GB00B29KHR09 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.805 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSKR
RNS Number : 8489J
Sunkar Resources PLC
17 June 2014
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 SUN AVENUE PARTNERS CORP. disclosure: ---------------------------------------------------------- ---------------------------------------------------------- (b) Owner or controller of interests and short positions MR ALMAS MYNBAYEV, the owner of Sun Avenue Partners Corp. disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient ---------------------------------------------------------- ---------------------------------------------------------- (c) Name of offeror/offeree in relation to whose relevant SUNKAR RESOURCES PLC securities this form relates: Use a separate form for each party to the offer ---------------------------------------------------------- ---------------------------------------------------------- (d) Is the party to the offer making the disclosure the OFFEROR/OFFEREE offeror or the offeree? ---------------------------------------------------------- ---------------------------------------------------------- (e) Date position held: 17 June 2014 ---------------------------------------------------------- ---------------------------------------------------------- (f) Has the party previously disclosed, or is it today YES/NO disclosing, under the Code in 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: -------------------------------------------------- ---------------------------------------- Interests Short positions -------------------------------------------------- -------------------- ------------------ Number % Number % -------------------------------------------------- ------------ ------ ------------- --- (1) Relevant securities owned and/or controlled: 174,476,283 51.15 -------------------------------------------------- ------------ ------ ------------- --- (2) Derivatives (other than options): -------------------------------------------------- ------------ ------ ------------- --- (3) Options and agreements to purchase/sell: -------------------------------------------------- ------------ ------ ------------- --- TOTAL: 174,476,283 51.15 -------------------------------------------------- ------------ ------ ------------- ---
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: N/A ---------------------------------------------------------------------------- ---- 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): ------------------------------------------------------------------------------------------------------- Definitions used in this disclosure are taken from the Rule 2.7 announcement issued by Sunkar Resources plc ("Sunkar") and Sun Avenue Partners Corp. ("SAPC") on 17 June 2014. SAPC has received irrevocable undertakings to accept (or to procure acceptance of) the Offer, from certain directors of Sunkar who are also Sunkar Shareholders, in respect of a total of 41,841,299 Sunkar Shares, representing approximately 12.27 per cent. of Sunkar's issued ordinary share capital, being: * Nurdin Damitov, in respect of his entire interest of 21,427,799 Sunkar Shares, representing approximately 6.28 per cent. of the existing issued share capital of Sunkar; and * Serikjan Utegen, in respect of his entire interest of 20,413,500 Sunkar Shares, representing approximately 5.98 per cent. of the existing issued share capital of Sunkar. Both of these irrevocable undertakings are binding in all circumstances (including in the event of a higher offer). Accordingly, when taken together with Sunkar Shares already owned by SAPC, SAPC either owns or controls or has received irrevocable undertakings over, in aggregate, 216,317,582 Sunkar Shares, representing approximately 63.42 per cent. of the issued ordinary share capital of Sunkar, as at the date of this announcement. ------------------------------------------------------------------------------------------------------- 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: ------------------------------------------------------------------------------------------ N/A ------------------------------------------------------------------------------------------
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) YES/NO ------------------------------------- ------- Supplemental Form 8 (SBL) YES/NO ------------------------------------- ------- Date of disclosure: 17 June 2014 --------------------- -------------- Contact name: David Davies --------------------- -------------- Telephone number: 020 7653 8740 --------------------- --------------
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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