CQS Form 8.3 - Eddie Stobart Logistics - Amendment

 
TIDMESL 
 
 

FORM 8.3

This form replaces previous form Released 13:28 10-Sep-2019

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:                     CQS (UK) LLP 
(b) Owner or controller of interests 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                     Eddie Stobart Logistics plc 
in relation to whose 
relevant securities this form relates: 
Use a separate form for each offeror/offeree 
(d) If an exempt fund manager connected 
with an offeror/offeree, 
state this and specify identity 
of offeror/offeree: 
(e) Date position held/dealing undertaken:      9 September 2019 
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:       Eddie Stobart Logistics plc (GB00BD8QVC95) 
 
                                  Interests              Short positions 
                                  Number       %         Number  % 
(1) Relevant securities owned 
and/or controlled: 
(2) Cash-settled derivatives:                            210,500 0.05% 
 
(3) Stock-settled derivatives     9,768,421.05 2.57% 
(including options) 
and agreements to purchase/sell: 
                                  9,768,421.05 2.57%     210,500 0.05% 
TOTAL: 
 
 

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 in relation 
to which subscription right exists: 
Details, including nature 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 
 
 

(b) Cash-settled derivative transactions

 
Class of relevant  Product     Nature of           Number of reference Price per unit 
security           description dealing             securities 
                   e.g. CFD    e.g. 
                               opening/closing 
                               a 
                               long/short 
                               position, 
                               increasing/reducing 
                               a 
                               long/short 
                               position 
 
 

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

 
Class of  Product     Writing,    Number     Exercise Type      Expiry date Option 
relevant  description purchasing, of         price    e.g.                  money 
security  e.g.        selling,    securities per unit American,             paid/ 
          call        varying     to                  European              received 
          option      etc.        which               etc.                  per 
                                  option                                    unit 
                                  relates 
 
 

(ii) Exercise

 
Class of relevant  Product     Exercising/ Number        Exercise price 
security           description exercised   of securities per unit 
                   e.g. call   against 
                   option 
 
 

(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 
 
 

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?  Yes 
 
 
Date of disclosure:  11 September 2019 
Contact name:        Martin Zabalza 
Telephone number*:   020 7201 6900 
 
 

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].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

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:        CQS (UK) LLP 
Name of offeror/offeree in relation to whose  Eddie Stobart Logistics plc 
relevant securities the disclosure relates: 
 
 

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

 
Class of     Product      Written or Number       Exercise Type      Expiry date 
relevant     description  purchased  of           price    e.g. 
security     e.g.                    securities   per unit American, 
             call                    to which              European 
             option                  option                etc. 
                                     or 
                                     derivative 
                                     relates 
Convertible  XS1946847388            9,768,421.05 
bond 
 
 

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: 
 
 

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 [phone].

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20190911005409/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

September 11, 2019 07:52 ET (11:52 GMT)