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AHCG Action Hotels

23.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Action Hotels LSE:AHCG London Ordinary Share JE00BFZD1492 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% 23.20 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Action Hotels PLC Form 8 (OPD) - Action Hotels Plc (4874U)

12/07/2018 1:45pm

UK Regulatory


Action Hotels (LSE:AHCG)
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From Mar 2019 to Mar 2024

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TIDMAHCG

RNS Number : 4874U

Action Hotels PLC

12 July 2018

Action Hotels PLC

("Action Hotels" or the "Company")

Action Hotels releases the below Form 8 (OPD) on behalf of Action Real Estate Company K.S.C.C.

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:                                 Action Real Estate Company K.S.C.C. ("AREC") together 
                                                             with its parent company, Action Group 
                                                             Holdings (K.S.C.C.) ("AGH") 
 (b) Owner or controller of interests and short positions    Dr. Souad Mohammed Sabah Al Sabah 
 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   Action Hotels PLC 
 securities this form relates: 
 Use a separate form for each offeror/offeree 
                                                            ---------------------------------------------------------- 
 (d) Is the discloser the offeror or the offeree?            OFFEROR 
                                                            ---------------------------------------------------------- 
 (e) Date position held:                                     11 July 2018 
  The latest practicable date prior to the disclosure 
                                                            ---------------------------------------------------------- 
 (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 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:                            105,301,111   71.32       Nil         0 
                                                                            ------------  ------  -------------  ----- 
 (2) Cash-settled derivatives:                                                    0          0         Nil         0 
                                                                            ------------  ------  -------------  ----- 
 (3) Stock-settled derivatives (including options) and agreements to 
  purchase/sell:                                                                  0          0     4,763,719.52   3.23 
                                                                            ------------  ------  -------------  ----- 
 
   TOTAL:                                                                    105,301,111   71.32   4,763,719.52   3.23 
                                                                            ------------  ------  -------------  ----- 
 

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:    N/A 
 Details, including nature of the rights concerned and relevant percentages:   N/A 
                                                                              ---- 
 
   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: 
   Class of           Ordinary    Ordinary   Short Positions   Short Positions 
     Relevant           Shares      Shares 
     Security: 
    Name of Concert    No.         %          No.               % 
     Party 
                      ----------  ---------  ----------------  ---------------- 
    Sheikh Mubarak 
     A. M. Al 
     Sabah             1,724,968   1.17       Nil               0 
                      ----------  ---------  ----------------  ---------------- 
    Mr R Bourisli      1,043,384   0.71       Nil               0 
                      ----------  ---------  ----------------  ---------------- 
    H.E. Dr. 
     Souad M S 
     Al Sabah          870,011     0.59       Nil               0 
                      ----------  ---------  ----------------  ---------------- 
 

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" 
 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   YES 
 Supplemental Form 8 (SBL)              NO 
                                       ---- 
 
 
 Date of disclosure:    11 July 2018 
 Contact name:          Vikas Arora 
                       ------------------ 
 Telephone number:      +965 (2) 224 7510 
                       ------------------ 
 

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.

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:                      Action Real Estate Company K.S.C.C. ("AREC") together 
                                                             with its parent company, Action Group 
                                                             Holdings (K.S.C.C.) ("AGH") 
 Name of offeror/offeree in relation to whose relevant       Dr. Souad Mohammed Sabah Al Sabah 
 securities the disclosure 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 
 10p Ordinary      Call Option      Written           4,763,719.52        64p less       American          19/12/2018 
                                                                         adjustments 
                  ---------------  ----------------  ---------------  ----------------  ----------------  ------------ 
 
   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: 
 None 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

FEEEAAXAFLAPEFF

(END) Dow Jones Newswires

July 12, 2018 08:45 ET (12:45 GMT)

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