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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Worthington Group Plc | LSE:WRN | London | Ordinary Share | GB00B01YQ796 | 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% | 87.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMWRN
RNS Number : 6571F
Worthington Group PLC
13 November 2015
FORM 8 (OPD)
AMENDMENT - CHANGE TO SECTION 3 AND SUPPLEMENTAL TABLE
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: WORTHINGTON GROUP PLC --------------------------------------------------------------------------------------------- ---------------------- (b) Owner or controller of interests and short positions 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 securities this form relates: WORTHINGTON GROUP PLC Use a separate form for each offeror/offeree --------------------------------------------------------------------------------------------- ---------------------- (d) Is the discloser the offeror or the offeree? OFFEREE --------------------------------------------------------------------------------------------- ---------------------- (e) Date position held: 10 November 2015 The latest practicable date prior to the disclosure --------------------------------------------------------------------------------------------- ---------------------- (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect NO 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
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Class of relevant security:
----------------------------------------------------------------------------------- --------------------------------
Interests Short positions
----------------------------------------------------------------------------------- ------------ ------------------
Number % Number %
----------------------------------------------------------------------------------- -------- ------------- ---
(1) Relevant securities owned and/or controlled:
----------------------------------------------------------------------------------- -------- ------------- ---
(2) Cash-settled derivatives:
----------------------------------------------------------------------------------- -------- ------------- ---
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
----------------------------------------------------------------------------------- -------- ------------- ---
None None
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:
----------------------------------------------------------------------------
Details, including nature of the rights concerned and relevant percentages:
----------------------------------------------------------------------------
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:
--------------------------------------------------------------------------------------------------------------------------
Mr Douglas Ware, director of Worthington Group Plc and controller of European & Asian Ltd,
3rd Floor, Jonsim Place, 228 Queen's Road East, Wanchai, Hong Kong, owner of relevant securities
for the benefit of Mr Ware's family: Class of relevant security: Ordinary Shares Worthington Group Plc
---------------------------------------- ----------------------------------------------
Interests Short positions
---------------------------------------- -------------------------- ------------------
Number % Number %
---------------------------------------- -------------- ---------- ------------- ---
(1) Relevant securities owned and/or
controlled: 785,000 3.14% None
---------------------------------------- -------------- ---------- ------------- ---
(2) Cash-settled derivatives: None None
---------------------------------------- -------------- ---------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements to
purchase/sell:
---------------------------------------- -------------- ---------- ------------- ---
TOTAL: 785,000 3.14% None
---------------------------------------- -------------- ---------- ------------- ---
Class of relevant security: Secured Convertible Loan Notes at 10p 2019
Worthington Group Plc
----------------------------------- ---------------------------------------------------
Interests Short positions
----------------------------------- ------------------------------- ------------------
Number % Number %
----------------------------------- ----------------- ------------ ------------- ---
(1) Relevant securities owned
and/or controlled: 3,024,000 65.54% None
----------------------------------- ----------------- ------------ ------------- ---
(2) Cash-settled derivatives: None None
----------------------------------- ----------------- ------------ ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements
to purchase/sell:
----------------------------------- ----------------- ------------ ------------- ---
TOTAL: 3,024,000 65.54 None
----------------------------------- ----------------- ------------ ------------- ---
Class of relevant Placing Warrants exercisable at 10p 2017 Worthington Group Plc
security:
--------------------- -----------------------------------------------------------------
Interests Short positions
--------------------- ---------------------------------------- -----------------------
Number % Number %
--------------------- --------------------- ----------------- ----------------- ----
(1) Relevant
securities owned
and/or controlled: 3,024,000 25.20% None
--------------------- --------------------- ----------------- ----------------- ----
(2) Cash-settled None None
derivatives:
--------------------- --------------------- ----------------- ----------------- ----
(3) Stock-settled None None
derivatives
(including options)
and agreements to
purchase/sell:
--------------------- --------------------- ----------------- ----------------- ----
TOTAL: 3,024,000 25.20% None
--------------------- --------------------- ----------------- ----------------- ----
Class of relevant security: Warrants Exercisable at 10p 2020
Worthington Group Plc
------------------------------------------ --------------------------------------------
Interests Short positions
------------------------------------------ ------------------------ ------------------
Number % Number %
------------------------------------------ ------------- --------- --------------
(1) Relevant securities owned and/or
controlled: 8,000,000 80.00% None
(MORE TO FOLLOW) Dow Jones Newswires
November 13, 2015 09:00 ET (14:00 GMT)
------------------------------------------ ------------- --------- --------------
(2) Cash-settled derivatives: None None
------------------------------------------ ------------- --------- --------------
(3) Stock-settled derivatives (including None None
options) and agreements to purchase/sell:
------------------------------------------ ------------- --------- --------------
TOTAL: 8,000,000 80.00% None
------------------------------------------ ------------- --------- --------------
Mr Richard Spurway, director of Worthington Group Plc, owner of relevant securities:
Class of relevant security: Secured Convertible Loan Notes at 10p 2019
Worthington Group Plc
------------------------------------- -------------------------------------------------
Interests Short positions
------------------------------------- ----------------------------- ------------------
Number % Number %
------------------------------------- --------------- ------------ ------------- ---
(1) Relevant securities owned and/or
controlled: 240,000 5.20% None
------------------------------------- --------------- ------------ ------------- ---
(2) Cash-settled derivatives: None None
------------------------------------- --------------- ------------ ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements
to purchase/sell:
------------------------------------- --------------- ------------ ------------- ---
TOTAL: 240,000 5.20% None
------------------------------------- --------------- ------------ ------------- ---
Class of relevant security: Placing Warrants exercisable at 10p 2017
Worthington Group Plc
-------------------------------------- ------------------------------------------------
Interests Short positions
-------------------------------------- ---------------------------- ------------------
Number % Number %
-------------------------------------- --------------- ----------- ------------- ---
(1) Relevant securities owned and/or
controlled: 240,000 2.00% None
-------------------------------------- --------------- ----------- ------------- ---
(2) Cash-settled derivatives: None None
-------------------------------------- --------------- ----------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements to
purchase/sell:
-------------------------------------- --------------- ----------- ------------- ---
TOTAL: 240,000 2.00% None
-------------------------------------- --------------- ----------- ------------- ---
Class of relevant security: Warrants exercisable at 10p 2020
Worthington Group Plc
--------------------------------------------- -----------------------------------------
Interests Short positions
--------------------------------------------- --------------------- ------------------
Number % Number %
--------------------------------------------- ---------------- --- ------------- ---
(1) Relevant securities owned and/or 2,000,000 None
controlled:
--------------------------------------------- ---------------- --- ------------- ---
(2) Cash-settled derivatives: None None
--------------------------------------------- ---------------- --- ------------- ---
(3) Stock-settled derivatives (including None None
options) and agreements to purchase/sell:
--------------------------------------------- ---------------- --- ------------- ---
2,000,000 None
TOTAL:
--------------------------------------------- ---------------- --- ------------- ---
Mrs Annette and Mr Peter Birchinall, owners of relevant security:
Class of relevant security: Ordinary Shares Worthington Group Plc
----------------------------------------- ---------------------------------------------
Interests Short positions
----------------------------------------- ------------------------- ------------------
Number % Number %
----------------------------------------- -------------- --------- ------------- ---
(1) Relevant securities owned and/or
controlled: 300,000 1.2% None
----------------------------------------- -------------- --------- ------------- ---
(2) Cash-settled derivatives: None None
----------------------------------------- -------------- --------- ------------- ---
(3) Stock-settled derivatives (including None None
options) and agreements to
purchase/sell:
----------------------------------------- -------------- --------- ------------- ---
TOTAL: 300,000 1.2% None
----------------------------------------- -------------- --------- ------------- ---
Ms Michelle McLoughlin, owner of relevant security:
Class of relevant security: Ordinary Shares Worthington Group Plc
---------------------------------------- ----------------------------------------------
Interests Short positions
---------------------------------------- -------------------------- ------------------
Number % Number %
---------------------------------------- -------------- ---------- ------------- ---
(1) Relevant securities owned and/or
controlled: 200,000 0.80% None
---------------------------------------- -------------- ---------- ------------- ---
(2) Cash-settled derivatives: None None
---------------------------------------- -------------- ---------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements to
purchase/sell:
---------------------------------------- -------------- ---------- ------------- ---
TOTAL: 200,000 0.80% None
---------------------------------------- -------------- ---------- ------------- ---
Mrs Remy and Guy Poland, owners of relevant security:
Class of relevant security: Ordinary Shares Worthington Group Plc
---------------------------------------- ----------------------------------------------
Interests Short positions
---------------------------------------- -------------------------- ------------------
Number % Number %
---------------------------------------- -------------- ---------- ------------- ---
(1) Relevant securities owned and/or
controlled: 100,000 0.40% None
---------------------------------------- -------------- ---------- ------------- ---
(2) Cash-settled derivatives: None None
---------------------------------------- -------------- ---------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements to
purchase/sell:
---------------------------------------- -------------- ---------- ------------- ---
TOTAL: 100,000 0.40% None
---------------------------------------- -------------- ---------- ------------- ---
Mr Wulstan Earley, director of Renatus Capital Ltd, owner of relevant securities, the company
is owned and controlled by Wulstan Earley, brother to Aidan Earley:
Class of relevant security: Ordinary Shares Worthington Group Plc
------------------------------------------ --------------------------------------------
Interests Short positions
------------------------------------------ ---------------------- --------------------
Number % Number %
------------------------------------------ ------------ -------- ----------- -------
(1) Relevant securities owned and/or
controlled: 2,275,855 9.10% None
------------------------------------------ ------------ -------- ----------- -------
(MORE TO FOLLOW) Dow Jones Newswires
November 13, 2015 09:00 ET (14:00 GMT)
(2) Cash-settled derivatives: None None
------------------------------------------ ------------ -------- ----------- -------
(3) Stock-settled derivatives (including
options) and agreements to
purchase/sell: None 1,907,797 7.63%
------------------------------------------ ------------ -------- ----------- -------
TOTAL: 2,275,855 9.10% 1,907,797 7.63%
------------------------------------------ ------------ -------- ----------- -------
Class of relevant security: Secured Convertible Loan Noted at 10p 2019
Worthington Group Plc
----------------------------------- ---------------------------------------------------
Interests Short positions
----------------------------------- ------------------------------- ------------------
Number % Number %
----------------------------------- ----------------- ------------ ------------- ---
(1) Relevant securities owned
and/or controlled: 1,349,931 29.26% None
----------------------------------- ----------------- ------------ ------------- ---
(2) Cash-settled derivatives: None None
----------------------------------- ----------------- ------------ ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements
to purchase/sell:
----------------------------------- ----------------- ------------ ------------- ---
TOTAL: 1,349,931 29.26% None
----------------------------------- ----------------- ------------ ------------- ---
Class of relevant security: Placing Warrants exercisable at 10p 2017
Worthington Group Plc
------------------------------------- -------------------------------------------------
Interests Short positions
------------------------------------- ----------------------------- ------------------
Number % Number %
------------------------------------- ---------------- ----------- ------------- ---
(1) Relevant securities owned and/or
controlled: 6,998,500 58.32% None
------------------------------------- ---------------- ----------- ------------- ---
(2) Cash-settled derivatives: None None
------------------------------------- ---------------- ----------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements
to purchase/sell:
------------------------------------- ---------------- ----------- ------------- ---
TOTAL: 6,998,500 58.32% None
------------------------------------- ---------------- ----------- ------------- ---
Mr Allan Biggar and Mrs Bridget Biggar, owners of relevant security:
Class of relevant security: Ordinary Shares Worthington Group Plc
---------------------------------------- ----------------------------------------------
Interests Short positions
---------------------------------------- -------------------------- ------------------
Number % Number %
---------------------------------------- -------------- ---------- ------------- ---
(1) Relevant securities owned and/or
controlled: 405,244 1.62% None
---------------------------------------- -------------- ---------- ------------- ---
(2) Cash-settled derivatives: None None
---------------------------------------- -------------- ---------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements to
purchase/sell:
---------------------------------------- -------------- ---------- ------------- ---
TOTAL: 405,244 1.62% None
---------------------------------------- -------------- ---------- ------------- ---
Olympus Trading Group Ltd, Trident Chambers, Capital City Building, PO Box 1388, Victoria,
Mahe, Seychelles, owner of relevant securities, Controlled by Ms Kirsten Forbes, sister in
law of Aidan Earley:
Class of relevant security: Ordinary Shares Worthington Group Plc
------------------------------------------ --------------------------------------------
Interests Short positions
------------------------------------------ ---------------------- --------------------
Number % Number %
------------------------------------------ ------------ -------- ----------- -------
(1) Relevant securities owned and/or None None
controlled:
------------------------------------------ ------------ -------- ----------- -------
(2) Cash-settled derivatives: None None
------------------------------------------ ------------ -------- ----------- -------
(3) Stock-settled derivatives (including
options) and agreements to
purchase/sell: 1,907,797 7.63% 1,907,797 7.63%
------------------------------------------ ------------ -------- ----------- -------
TOTAL: 1,907,797 7.63% 1,907,797 7.63%
------------------------------------------ ------------ -------- ----------- -------
Class of relevant security: Unsecured Convertible Loan notes at 10p 2020
Worthington Group
--------------------------------- -----------------------------------------------------
Interests Short positions
--------------------------------- --------------------------------- ------------------
Number % Number %
--------------------------------- ----------------- -------------- ------------- ---
(1) Relevant securities owned
and/or controlled: 5,000,000 100.00% None
--------------------------------- ----------------- -------------- ------------- ---
(2) Cash-settled derivatives: None None
--------------------------------- ----------------- -------------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and
agreements to purchase/sell:
--------------------------------- ----------------- -------------- ------------- ---
TOTAL: 5,000,000 100.00% None
--------------------------------- ----------------- -------------- ------------- ---
Class of relevant security: Unsecured Convertible Loan notes at 50p 2017
Worthington Group Plc
---------------------------------- ----------------------------------------------------
Interests Short positions
---------------------------------- -------------------------------- ------------------
Number % Number %
---------------------------------- --------------- --------------- ------------- ---
(1) Relevant securities owned
and/or controlled: 900,000 100.00% None
---------------------------------- --------------- --------------- ------------- ---
(2) Cash-settled derivatives: None None
---------------------------------- --------------- --------------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and
agreements to purchase/sell:
---------------------------------- --------------- --------------- ------------- ---
TOTAL: 900,000 100.00% None
---------------------------------- --------------- --------------- ------------- ---
Class of relevant security: Unsecured Convertible Loan notes at 10P 2021
Worthington Group Plc
----------------------------------- ---------------------------------------------------
Interests Short positions
----------------------------------- ------------------------------- ------------------
Number % Number %
----------------------------------- -------------- --------------- ------------- ---
(1) Relevant securities owned
and/or controlled: 44,405 100.00% None
----------------------------------- -------------- --------------- ------------- ---
(MORE TO FOLLOW) Dow Jones Newswires
November 13, 2015 09:00 ET (14:00 GMT)
(2) Cash-settled derivatives: None None
----------------------------------- -------------- --------------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements
to purchase/sell:
----------------------------------- -------------- --------------- ------------- ---
TOTAL: 44,405 100.00% None
----------------------------------- -------------- --------------- ------------- ---
Class of relevant security: Placing Warrants exercisable at 10p 2017
Worthington Group Plc
------------------------------------- -------------------------------------------------
Interests Short positions
------------------------------------- ----------------------------- ------------------
Number % Number %
------------------------------------- ---------------- ----------- ------------- ---
(1) Relevant securities owned and/or
controlled: 1,737,500 14.48% None
------------------------------------- ---------------- ----------- ------------- ---
(2) Cash-settled derivatives: None None
------------------------------------- ---------------- ----------- ------------- ---
(3) Stock-settled derivatives None None
(including options) and agreements
to purchase/sell:
------------------------------------- ---------------- ----------- ------------- ---
TOTAL: 1,737,500 14.48% None
------------------------------------- ---------------- ----------- ------------- ---
Class of relevant security: Warrants exercisable at 10p 2018
Worthington Group Plc
----------------------------------------- ---------------------------------------------
Interests Short positions
----------------------------------------- ------------------------- ------------------
Number % Number %
----------------------------------------- ------------- ---------- ------------- ---
(1) Relevant securities owned and/or
controlled: 13,090,378 100.00% None
----------------------------------------- ------------- ---------- ------------- ---
(2) Cash-settled derivatives: None None
----------------------------------------- ------------- ---------- ------------- ---
(3) Stock-settled derivatives (including None None
options) and agreements to
purchase/sell:
----------------------------------------- ------------- ---------- ------------- ---
TOTAL: 13,090,378 100.00% None
----------------------------------------- ------------- ---------- ------------- ---
Mr Darren Chapman, owner of relevant options
Class of relevant security: Ordinary Shares Worthington Group Plc
--------------------------------------- -----------------------------------------------
Interests Short positions
--------------------------------------- --------------------------- ------------------
Number % Number %
--------------------------------------- ---------------- --------- ------------- ---
(1) Relevant securities owned and/or None None
controlled:
--------------------------------------- ---------------- --------- ------------- ---
(2) Cash-settled derivatives: None None
--------------------------------------- ---------------- --------- ------------- ---
(3) Stock-settled derivatives
(including options) and agreements to
purchase/sell: 1,907,797 7.63% None
--------------------------------------- ---------------- --------- ------------- ---
TOTAL: 1,907,797 7.63% 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" ------------------------------------------------------------------------------------------------ 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 ------------------------------------- ---- Supplemental Form 8 (SBL) NO ------------------------------------- ---- Date of disclosure: 11(th) November --------------------- ---------------- Contact name: Doug Ware --------------------- ---------------- Telephone number: 0203 291 1872 --------------------- ----------------
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: Olympus Trading Group Limited
-------------------------------------------------------------------------------------- ------------------------------
Name of offeror/offeree in relation to whose relevant securities the disclosure Worthington Group Plc
relates:
-------------------------------------------------------------------------------------- ------------------------------
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class of Product Written or Number of Exercise price Type Expiry date
relevant description purchased securities to per unit e.g. American,
security e.g. call which option European etc.
option or derivative
relates
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 263,158 9.5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 1,000,000 10p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 470,588 8.5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 174,051 5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Purchased 263,158 9.5p None
(MORE TO FOLLOW) Dow Jones Newswires
November 13, 2015 09:00 ET (14:00 GMT)
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------ Ordinary Shares Call Option Purchased 1,000,000 10p None ---------------- ---------------- ----------------- --------------- --------------- --------------- ------------ Ordinary Shares Call Option Purchased 470,588 8.5p None ---------------- ---------------- ----------------- --------------- --------------- --------------- ------------ Ordinary Shares Call Option Purchased 174,051 5p None ---------------- ---------------- ----------------- --------------- --------------- --------------- ------------ 3. AGREEMENTS TO PURCHASE OR SELL ETC. Full details should be given so that the nature of the interest or position can be fully understood: ------------------------------------------------------------------- The Olympus Trading Group Limited has agreed to take over responsibility for fulfilling contracts for difference agreements previously entered into by Liberty Capital Markets Limited (dissolved) and Oriental Capital Investment Limited (dissolved) with Darren Chapman in 2011 to 2013. Under the terms of the initial agreements made between Darren Chapman and Liberty Capital Markets Limited and Oriental Capital Investment Limited Darren Chapman had the option to call upon 2,909,926 ordinary WRN shares for a price between 5p and 10p. As at September 2014 Darren Chapman had called upon 1,002,139 of these shares and by February 2015 he had sold on this holding. As a result of the revised agreement Darren Chapman has the option to call on 1,907,797 ordinary WRN shares for a price between 5p and 10p. Theses share would be delivered from the WRN holding currently held by Renatus Capital Limited. Whilst the arrangement disclosed has not been legally formalised the parties involved consider the arrangement disclosed to be the accurate state of affairs as at the date of this announcement and that this arrangement came into being upon the dissolution of Liberty Capital Markets Limited and Oriental Capital Investment Limited in October 2014. -------------------------------------------------------------------
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
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.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: Darren Chapman
----------------------------------------------------------------------------------------- ----------------------
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: Worthington Group Plc
----------------------------------------------------------------------------------------- ----------------------
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class of Product Written or Number of Exercise price Type Expiry date
relevant description purchased securities to per unit e.g. American,
security e.g. call which option European etc.
option or derivative
relates
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 263,158 9.5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 1,000,000 10p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 470,588 8.5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 174,051 5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
3. AGREEMENTS TO PURCHASE OR SELL ETC.
Full details should be given so that the nature of the
interest or position can be fully understood:
-------------------------------------------------------------------
The Olympus Trading Group Limited has agreed to take over
responsibility for fulfilling contracts for difference
agreements previously entered into by Liberty Capital Markets
Limited (dissolved) and Oriental Capital Investment Limited
(dissolved) with Darren Chapman in 2011 to 2013.
Under the terms of the initial agreements made between
Darren Chapman and Liberty Capital Markets Limited and
Oriental Capital Investment Limited Darren Chapman had
the option to call upon 2,909,926 ordinary WRN shares for
a price between 5p and 10p. As at September 2014 Darren
Chapman had called upon 1,002,139 of these shares and by
February 2015 he had sold on this holding.
As a result of the revised agreement Darren Chapman has
the option to call on 1,907,797 ordinary WRN shares for
a price between 5p and 10p. Theses share would be delivered
from the WRN holding currently held by Renatus Capital
Limited.
Whilst the arrangement disclosed has not been legally formalised
the parties involved consider the arrangement disclosed
to be the accurate state of affairs as at the date of this
announcement and that this arrangement came into being
upon the dissolution of Liberty Capital Markets Limited
and Oriental Capital Investment Limited in October 2014.
-------------------------------------------------------------------
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
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.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: Wulstan Earley
----------------------------------------------------------------------------------------- ----------------------
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: Worthington Group Plc
----------------------------------------------------------------------------------------- ----------------------
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class of Product Written or Number of Exercise price Type Expiry date
relevant description purchased securities to per unit e.g. American,
security e.g. call which option European etc.
option or derivative
relates
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 263,158 9.5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 1,000,000 10p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 470,588 8.5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
Ordinary Shares Call Option Written 174,051 5p None
---------------- ---------------- ----------------- --------------- --------------- --------------- ------------
3. AGREEMENTS TO PURCHASE OR SELL ETC.
Full details should be given so that the nature of the
interest or position can be fully understood:
-------------------------------------------------------------------
The Olympus Trading Group Limited has agreed to take over
responsibility for fulfilling contracts for difference
agreements previously entered into by Liberty Capital Markets
Limited (dissolved) and Oriental Capital Investment Limited
(dissolved) with Darren Chapman in 2011 to 2013.
Under the terms of the initial agreements made between
Darren Chapman and Liberty Capital Markets Limited and
(MORE TO FOLLOW) Dow Jones Newswires
November 13, 2015 09:00 ET (14:00 GMT)
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