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ATK Atkins(WS)

2,081.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Atkins(WS) LSE:ATK London Ordinary Share GB0000608009 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2,081.00 2,077.00 2,078.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Atkins (WS) PLC WS Atkins plc: Form 8.4 (DD) - Heath Drewett (3072J)

27/06/2017 11:50am

UK Regulatory


WS Atkins (LSE:ATK)
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TIDMATK

RNS Number : 3072J

Atkins (WS) PLC

27 June 2017

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                 Heath Stewart Drewett 
----------------------------------------------------------  ---------------------------------------------------------- 
 (b) Owner or controller of interests and short positions    Trustee for shares held via the Atkins Share Incentive 
 disclosed, if different from 1(a):                          Plan: Capita IRG Trustees Limited for 
 The naming of nominee or vehicle companies is               beneficiary Heath Stewart Drewett 
 insufficient. For a trust, the trustee(s), 
 settlor and beneficiaries must be named. 
----------------------------------------------------------  ---------------------------------------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant   WS Atkins plc 
 securities this form relates: 
 Use a separate form for each offeror/offeree 
----------------------------------------------------------  ---------------------------------------------------------- 
 (d) Status of person making the disclosure:                 Person acting in concert with offeree (WS Atkins plc) 
 e.g. offeror, offeree, person acting in concert with the 
 offeror/offeree (specify name of 
 offeror/offeree) 
----------------------------------------------------------  ---------------------------------------------------------- 
 (e) Date dealing undertaken:                                26 June 2017 
----------------------------------------------------------  ---------------------------------------------------------- 
 (f) In addition to the company in 1(c) above, is the        N/A 
 discloser 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 PERSON 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 following the dealing

 
 Class of relevant security:                                                     Ordinary shares of 0.5 pence each 
--------------------------------------------------------------------------  ------------------------------------------ 
                                                                                   Interests          Short positions 
--------------------------------------------------------------------------  ----------------------  ------------------ 
                                                                              Number        %*         Number      % 
--------------------------------------------------------------------------  ----------  ----------  -----------  ----- 
 (1) Relevant securities owned and/or controlled:                             13,535      0.014%        N/A       N/A 
--------------------------------------------------------------------------  ----------  ----------  -----------  ----- 
 (2) Cash-settled derivatives:                                                  N/A         N/A         N/A       N/A 
--------------------------------------------------------------------------  ----------  ----------  -----------  ----- 
 (3) Stock-settled derivatives (including options) and agreements to            N/A         N/A         N/A       N/A 
 purchase/sell: 
--------------------------------------------------------------------------  ----------  ----------  -----------  ----- 
     TOTAL:                                                                   13,535      0.014%        N/A       N/A 
--------------------------------------------------------------------------  ----------  ----------  -----------  ----- 
 

* Percentage calculations are based on WS Atkins plc's total number of ordinary shares in issue as at 26 June 2017, the latest practicable date prior to the disclosure, being 100,110,799 (excluding shares held in treasury). Percentages are rounded to 3 decimal places.

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 (including directors' and other employee options) 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and       Nil cost option over 8,443 ordinary shares (representing 
 relevant percentages:                                       0.008% of WS Atkins plc's issued 
                                                             share capital) granted on 17/11/2014 under the Atkins 
                                                             Deferred Share Plan. 
                                                             Vesting date: 26/06/2017. 
                                                             Expiry date: 17/11/2024. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and       Nil cost option over 7,130 ordinary shares (representing 
 relevant percentages:                                       0.007% of WS Atkins plc's issued 
                                                             share capital) granted on 25/06/2015 under the Atkins 
                                                             Deferred Share Plan. 
                                                             Vesting date: 25/06/2018. 
                                                             Expiry date: 25/06/2025. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and       Nil cost option over 7,189 ordinary shares (representing 
 relevant percentages:                                       0.007% of WS Atkins plc's issued 
                                                             share capital) granted on 30/06/2016 under the Atkins 
                                                             Deferred Share Plan. 
                                                             Vesting date: 30/06/2019. 
                                                             Expiry date: 30/06/2026. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and       Nil cost option over 20,003 ordinary shares (representing 
 relevant percentages:                                       0.020% of WS Atkins plc's issued 
                                                             share capital) granted on 17/11/2014 under the WS Atkins 
                                                             plc Long Term Incentive Plan. 
                                                             Vesting date: 26/06/2017. 
                                                             Expiry date: 17/11/2024. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and       Nil cost option 17,330 ordinary shares (representing 
 relevant percentages:                                       0.017% of WS Atkins plc's issued share 
                                                             capital) granted on 25/06/2015 under the WS Atkins plc 
                                                             Long Term Incentive Plan. Vesting date: 
                                                             25/06/2018. 
                                                             Expiry date: 25/06/2025. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and       Nil cost option 35,810 ordinary shares (representing 
 relevant percentages:                                       0.036% of WS Atkins plc's issued share 
                                                             capital) granted on 16/08/2016 under the WS Atkins plc 
                                                             Long Term Incentive Plan. Vesting date: 
                                                             16/08/2019. 
                                                             Expiry date: 16/08/2026. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and            Award of 14,470 units granted on 13/08/2012 under 
 relevant percentages:                                            the terms of the WS Atkins plc Long-Term 
                                                                  Growth Unit Plan. Awards of 50% of salary granted in 
                                                                  the form of units calculated using the 
                                                                  preceding six month average share price at grant. On 
                                                                  exercise, the unit value is converted 
                                                                  into shares based on the share price at the date of 
                                                                  exercise. The unit value on exercise is 
                                                                  equal to the difference between the preceding six 
                                                                  month average share price at exercise and 
                                                                  the preceding six month average share price at 
                                                                  grant. The average market value of a share 
                                                                  at exercise is normally the preceding six month 
                                                                  average share price at exercise. However, 
                                                                  in the event of a takeover, the plan rules provide 
                                                                  discretion to deem the offer price to be 
                                                                  the market value of a share at exercise. Awards vest 
                                                                  in three tranches: 
                                                                  (i) first vesting date has passed, options 
                                                                  exercised; 
                                                                  (ii) 7,235 units on 13/08/2017; and 
                                                                  (iii) 7,235 units on 13/08/2018. 
                                                                  Expiry date: 13/08/2022. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and            Award of 19,336 units granted on 24/06/2013 under 
 relevant percentages:                                            the terms of the WS Atkins plc Long-Term 
                                                                  Growth Unit Plan. Awards of 50% of salary granted in 
                                                                  the form of units calculated using the 
                                                                  preceding six month average share price at grant. On 
                                                                  exercise, the unit value is converted 
                                                                  into shares based on the share price at the date of 
                                                                  exercise. The unit value on exercise is 
                                                                  equal to the difference between the preceding six 
                                                                  month average share price at exercise and 
                                                                  the preceding six month average share price at 
                                                                  grant. The average market value of a share 
                                                                  at exercise is normally the preceding six month 
                                                                  average share price at exercise. However, 
                                                                  in the event of a takeover, the plan rules provide 
                                                                  discretion to deem the offer price to be 
                                                                  the market value of a share at exercise Awards vest 
                                                                  in three tranches: 
                                                                  (i) 6,445 units on 24/06/2017; 
                                                                  (ii) 6,445 units on 24/06/2018; and 
                                                                  (iii) 6,446 units on 24/06/2019. 
                                                                  Expiry date: 24/06/2023. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and            Award of 13,061 units granted on 17/11/2014 under 
 relevant percentages:                                            the terms of the WS Atkins plc Long-Term 
                                                                  Growth Unit Plan. Awards of 50% of salary granted in 
                                                                  the form of units calculated using the 
                                                                  preceding six month average share price at grant. On 
                                                                  exercise, the unit value is converted 
                                                                  into shares based on the share price at the date of 
                                                                  exercise. The unit value on exercise is 
                                                                  equal to the difference between the preceding six 
                                                                  month average share price at exercise and 
                                                                  the preceding six month average share price at 
                                                                  grant. The average market value of a share 
                                                                  at exercise is normally the preceding six month 
                                                                  average share price at exercise. However, 
                                                                  in the event of a takeover, the plan rules provide 
                                                                  discretion to deem the offer price to be 
                                                                  the market value of a share at exercise. Awards vest 
                                                                  in three tranches: 
                                                                  (i) 4,353 units on 17/11/2018; 
                                                                  (ii) 4,354 units on 17/11/2019; and 
                                                                  (iii) 4,354 units on 17/11/2020. 
                                                                  Expiry date: 17/11/2024. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 Class of relevant security in relation to which             Ordinary shares of 0.5 pence each 
 subscription right exists: 
----------------------------------------------------------  ---------------------------------------------------------- 
 Details, including nature of the rights concerned and            Award of 13,129 units granted on 25/06/2015 under 
 relevant percentages:                                            the terms of the WS Atkins plc Long-Term 
                                                                  Growth Unit Plan. Awards of 50% of salary granted in 
                                                                  the form of units calculated using the 
                                                                  preceding six month average share price at grant. On 
                                                                  exercise, the unit value is converted 
                                                                  into shares based on the share price at the date of 
                                                                  exercise. The unit value on exercise is 
                                                                  equal to the difference between the preceding six 
                                                                  month average share price at exercise and 
                                                                  the preceding six month average share price at 
                                                                  grant. The average market value of a share 
                                                                  at exercise is normally the preceding six month 
                                                                  average share price at exercise. However, 
                                                                  in the event of a takeover, the plan rules provide 
                                                                  discretion to deem the offer price to be 
                                                                  the market value of a share at exercise. Awards vest 
                                                                  in three tranches: 
                                                                  (i) 4,376 units on 25/06/2019; 
                                                                  (ii) 4,376 units on 25/06/2020; and 
                                                                  (iii) 4,377 units on 25/06/2021. 
                                                                  Expiry date: 25/06/2025. 
----------------------------------------------------------  ---------------------------------------------------------- 
 
   3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

   (a)        Purchases and sales 

(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)

 
 Class of relevant security   Purchase/sale   Number of securities   Price per unit 
---------------------------  --------------  ---------------------  --------------- 
 N/A                          N/A             N/A                    N/A 
---------------------------  --------------  ---------------------  --------------- 
 

(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser

 
   Class of relevant      Purchases/ sales       Total number of       Highest price per unit   Lowest price per unit 
        security                                   securities              paid/received            paid/received 
-----------------------  -----------------  ------------------------  -----------------------  ----------------------- 
 N/A                      N/A                N/A                       N/A                      N/A 
-----------------------  -----------------  ------------------------  -----------------------  ----------------------- 
 
   (b)        Cash-settled derivative transactions 
 
    Class of relevant       Product description      Nature of dealing         Number of reference      Price per unit 
         security                 e.g. CFD         e.g. opening/closing a           securities 
                                                    long/short position, 
                                                   increasing/reducing a 
                                                    long/short position 
-------------------------  --------------------  -------------------------  -------------------------  --------------- 
 N/A                        N/A                   N/A                        N/A                        N/A 
-------------------------  --------------------  -------------------------  -------------------------  --------------- 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
   Class of       Product        Writing,      Number of       Exercise          Type       Expiry date   Option money 
   relevant     description    purchasing,     securities      price per         e.g.                        paid/ 
   security      e.g. call       selling,       to which         unit         American,                   received per 
                   option      varying etc.      option                        European                       unit 
                                                relates                          etc. 
-------------  -------------  -------------  -------------  --------------  -------------  ------------  ------------- 
 N/A            N/A            N/A            N/A            N/A             N/A            N/A           N/A 
-------------  -------------  -------------  -------------  --------------  -------------  ------------  ------------- 
 
   (ii)        Exercise 
 
   Class of relevant      Product description   Exercising/ exercised    Number of securities     Exercise price per 
        security            e.g. call option           against                                           unit 
-----------------------  --------------------  -----------------------  ---------------------  ----------------------- 
 N/A                      N/A                   N/A                      N/A                    N/A 
-----------------------  --------------------  -----------------------  ---------------------  ----------------------- 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant security         Nature of dealing                  Details                 Price per unit (if 
                                   e.g. subscription,                                              applicable) 
                                       conversion 
----------------------------  ----------------------------  ----------------------------  ---------------------------- 
 Ordinary shares of 0.5        Vesting of units under the    6,445 units vested in         Nil 
 pence each ("Ordinary         WS Atkins plc Long-Term       accordance with the rules 
 Shares")                      Growth Unit Plan (the         of the LGU. The value of a 
                               "LGU")                        unit on exercise 
                                                             is equal to the difference 
                                                             between the preceding six 
                                                             month average share price 
                                                             at exercise 
                                                             and the preceding six month 
                                                             average share price at 
                                                             grant (GBP8.6622) 
----------------------------  ----------------------------  ----------------------------  ---------------------------- 
 Ordinary Shares               Vesting of Ordinary Shares    8,443 Ordinary Shares         Nil 
                               under the Atkins Deferred     vested in accordance with 
                               Share Plan (the "DSP")        the rules of the DSP 
----------------------------  ----------------------------  ----------------------------  ---------------------------- 
 Ordinary Shares               Vesting of Ordinary Shares    20,003 Ordinary Shares        Nil 
                               under the WS Atkins plc       vested in accordance with 
                               Long Term Incentive Plan      the rules of the LTIP 
                               (the "LTIP") 
----------------------------  ----------------------------  ----------------------------  ---------------------------- 
 
   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 or person acting in concert making the 
  disclosure and any other person: 
  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 or person acting in concert making the disclosure 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 June 2017 
---------------------  ------------------- 
 Contact name:          Richard Webster 
---------------------  ------------------- 
 Telephone number:      +44(0)20 7121 2600 
---------------------  ------------------- 
 

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 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

DCCBDLFLDQFZBBQ

(END) Dow Jones Newswires

June 27, 2017 06:50 ET (10:50 GMT)

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