Brightside Group PLC Form 8 (OPD) - Brightside Group plc (1110H)

TIDMBRT

RNS Number : 1110H

Brightside Group PLC

14 May 2014

FORM 8 (OPD)

AMENDMENT CHANGE TO SECTION 3

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) Identity of the party to the offer making the disclosure:                                  Brightside Group plc 
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 (b) Owner or controller of interests and short positions disclosed, if different from 1(a):    N/A 
  The naming of nominee or vehicle companies is insufficient 
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 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:        Brightside Group plc 
  Use a separate form for each party to the offer 
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 (d) Is the party to the offer making the disclosure the offeror or the offeree?                Offeree 
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 (e) Date position held:                                                                        13(th) May 2014 
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 (f) Has the party previously disclosed, or is it today disclosing, under the Code in respect   No 
  of any other party to this offer? 
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   2.            POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant security: 
-------------------------------------------------  -------------------------------- 
                                                     Interests     Short positions 
-------------------------------------------------  ------------  ------------------ 
                                                    Number    %      Number      % 
-------------------------------------------------  --------      -------------  --- 
 (1) Relevant securities owned and/or controlled: 
-------------------------------------------------  --------      -------------  --- 
 (2) Derivatives (other than options): 
-------------------------------------------------  --------      -------------  --- 
 (3) Options and agreements to purchase/sell: 
-------------------------------------------------  --------      -------------  --- 
                                                      Nil             Nil 
   TOTAL: 
-------------------------------------------------  --------      -------------  --- 
 

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, 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:    None 
----------------------------------------------------------------------------  ----- 
 Details, including nature of the rights concerned and relevant percentages:   N/A 
----------------------------------------------------------------------------  ----- 
 

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.

   (c)           Irrevocable commitments and letters of intent 
 
 Details of any irrevocable commitments or letters of intent procured by the party to the offer 
  making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of 
  the Code): 
----------------------------------------------------------------------------------------------- 
 
   Nil 
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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 of any person acting in 
  concert with the party to the offer making the disclosure: 
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 The Directors of Brightside Group plc (the "Company") have the following interests in the 
  Company: 
   Director               No. of Shares    % of issued 
                                           share capital 
 
   Paul Williams                      0            0.00% 
   Paul Chase-Gardener      40,566,205*           8.08%* 
   Christopher 
    Fay                       2,400,000            0.48% 
   Helen Molyneux             4,177,500            0.83% 
   Julian Telling               415,682            0.08% 
   Stuart Palmer                187,500            0.04% 
 
 
  Paul Chase-Gardener holds 39,626,205 ordinary shares in the Company through Rene Nominees, 
  Rock Nominees and the Self Invested Pension Plan of his wife, Jane Chase-Gardener, holds 940,000 
  ordinary shares in the Company. These shareholdings in total amount to 40,566,205 ordinary 
  shares and represents 8.08% of the issued share capital of the Company. 
 
  The Directors of the Company have the following interests in options over unissued ordinary 
  shares in the Company: 
   Director               No. of      Exercise    Earliest     Date of 
                           shares       price      date of      expiry 
                           to which      (p)      exercise 
                           options 
                           relate 
   Paul Chase-Gardener    4,000,000     24.0     22/11/2014   28/07/2020 
   Paul Chase-Gardener    774,575       24.0     22/11/2014   28/07/2020 
   Christopher 
    Fay                   600,000       24.0     22/11/2014   28/07/2020 
   Christopher 
    Fay                   231,485       24.0     22/11/2014   28/07/2020 
   Helen Molyneux         250,000       27.5     22/07/2010   22/07/2018 
   In addition to the above Paul Williams has 
    options over 6,250,000 ordinary shares at 
    a price of 20p per ordinary share the (the 
    "Option"). The Option may be exercised in 
    respect of 2,250,000 ordinary shares on 
    or at any time after 24 August 2014; 1,500,000 
    ordinary shares on or at any time after 
    24 August 2015; and in respect of the remaining 
    2,500,000 ordinary shares on or at any time 
    after 24 August 2016. The Option may not 
    be exercised after 24 February 2024 and 
    shall lapse on 24 February 2024 to the extent 
    that it has not been exercised by that date. 
 
    finnCap Ltd, broker to the Company, has 
    zero ordinary shares (0%). 
-------------------------------------------------------------------------------------------------- 
 

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 3 for each additional class of relevant security.

Details of any open derivative or option positions, 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: 
  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 
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   (c)           Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   No 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              No 
-------------------------------------  --- 
 
 
 Date of disclosure:    14(th) May 2014 
---------------------  ---------------- 
 Contact name:          David Herrmann 
---------------------  ---------------- 
 Telephone number:      02380 206810 
---------------------  ---------------- 
 

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 [e-mail]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

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

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