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