Weiss Asset Management LP Form 8.3 - Bacanora Lithium PLC (7852V)

TIDMBCN

RNS Number : 7852V

Weiss Asset Management LP

15 December 2021

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                     Weiss Asset Management 
                                                  LP (Investment Manager 
                                                  of Brookdale International 
                                                  Partners, L.P. and Brookdale 
                                                  Global Opportunity Fund) 
 (b) Owner or controller of interests            N/A 
  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         Bacanora Lithium PLC 
  to whose relevant securities this 
  form relates: 
  Use a separate form for each offeror/offeree 
                                                ------------------------------ 
 (d) If an exempt fund manager connected         N/A 
  with an offeror/offeree, state this 
  and specify identity of offeror/offeree: 
                                                ------------------------------ 
 (e) Date position held/dealing undertaken:      14 December 2021 
  For an opening position disclosure, 
  state the latest practicable date 
  prior to the disclosure 
                                                ------------------------------ 
 (f) In addition to the company in               No 
  1(c) above, is the 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 (if any)

 
    Class of relevant security:               10p ordinary - 384,144,901 
                                                 (ISIN: GB00BD20C246 ) 
                                            Interests           Short Positions 
                                     -----------------------  ------------------ 
                                         Number         %         Number      % 
                                     -------------  --------  -------------  --- 
      (1) Relevant securities 
      owned and/or controlled: 
                                     -------------  --------  -------------  --- 
 
   (2) Cash-settled derivatives:        18,150,337     4.72% 
                                     -------------  --------  -------------  --- 
   (3) Stock-settled derivatives 
         (including options) 
  and agreements to purchase/sell: 
                                     -------------  --------  -------------  --- 
 
               TOTAL:                   18,150,337     4.72% 
                                     -------------  --------  -------------  --- 
 

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).

   (b)        Rights to subscribe for new securities (including directors' and other employee options) 
 
 Class of relevant security           N/A 
  in relation to which subscription 
  right exists: 
 Details, including nature            N/A 
  of the rights concerned and 
  relevant percentages: 
                                     ---- 
 
   3.         DEALINGS (IF ANY) 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 
 
 Class of relevant   Purchase/Sale   Number of securities   Price per unit 
      security 
        N/A               N/A                N/A                 N/A 
                    --------------  ---------------------  --------------- 
 
   (b)        Cash-settled derivative transactions 
 
   Class of     Product description      Nature of dealing       Number of    Price per unit 
   relevant           e.g. CFD          e.g. Opening/Closing     reference 
   security                            a long/short position,    securities 
                                        increasing/reducing 
                                       a long/short position 
 10p ordinary           CFD              Increasing a long        25,000        GBP 0.635 
                                              position 
               --------------------  ------------------------  ------------  --------------- 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
    Class         Product        Writing,          Number       Exercise         Type         Expiry    Option 
  of relevant    description    purchasing,     of securities     price      e.g. American,    date      money 
   security       e.g. call       selling,        to which       per unit       European                 paid/ 
                   option       varying etc.       option                         etc.                  received 
                                                   relates                                              per unit 
 N/A            N/A            N/A             N/A              N/A         N/A               N/A      N/A 
               -------------  --------------  ---------------  ----------  ----------------  -------  ---------- 
 
   (ii)        Exercise 
 
 Class of    Product description   Exercising/    Number of     Exercise 
  relevant        e.g. call         exercised     securities    price per 
  security          option           against                      unit 
 N/A         N/A                   N/A           N/A           N/A 
            --------------------  ------------  ------------  ----------- 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant    Nature of dealing    Details         Price per 
      security        e.g. subscription,              unit (if applicable) 
                          conversion 
 N/A                 N/A                   N/A       N/A 
                    --------------------  --------  ---------------------- 
 
   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 person making 
  the disclosure and any party to the offer or any person 
  acting in concert with a party to the offer: 
  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 person 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 
 
 Is a Supplemental Form 8 (Open Positions) attached?   No 
 
 
 Date of disclosure:    15 December 2021 
 Contact name:          Georgiy Nikitin 
                       ----------------- 
 Telephone number:      [phone] 
                       ----------------- 
 

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

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December 15, 2021 10:08 ET (15:08 GMT)