UBS Asset Management Form 8.3 - Eddie Stobart Logistics plc (0232M)

TIDMESL

RNS Number : 0232M

UBS Asset Management

11 September 2019

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:                     UBS Asset Management 
 (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 in relation         Eddie Stobart Logistics 
  to whose relevant securities this               PLC 
  form relates: 
  Use a separate form for each offeror/offeree 
                                                ------------------------ 
 (d) If an exempt fund manager connected 
  with an offeror/offeree, state this              n/a 
  and specify identity of offeror/offeree: 
                                                ------------------------ 
 (e) Date position held/dealing undertaken:      09 Sep 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:                            0       0               0     0.00 
                                 ----------------------  ------  --------------  ------- 
 (2) Cash-settled derivatives:                        0       0               0     0.00 
                                 ----------------------  ------  --------------  ------- 
 (3) Stock-settled derivatives 
  (including options) and 
  agreements to purchase/sell:                4,968,421    1.31               0     0.00 
                                 ----------------------  ------  --------------  ------- 
 
   TOTAL:                                     4,968,421    1.31               0     0.00 
                                 ----------------------  ------  --------------  ------- 
 

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      Product         Nature of dealing       Number of    Price per 
  relevant    description     e.g. opening/closing     reference       unit 
  security     e.g. CFD      a long/short position,    securities 
                              increasing/reducing 
                             a long/short 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 
 
 
   (ii)        Exercise 
 
 Class of relevant   Product description      Exercising/        Number of     Exercise 
      security         e.g. call option     exercised against    securities    price per 
                                                                                 unit 
 
 
   (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 
 
 
   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:    11/09/2019 
 Contact name:          Mr James Mortimer 
                       ------------------ 
 Telephone number:      [phone] 
                       ------------------ 
 

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.

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:                                                    UBS Asset Management 
 Name of offeror/offeree in relation to whose relevant securities the disclosure           Eddie Stobart Logistics PLC 
 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 
 Convertible 
  bond             XS1946847388                         4,968,421 
                  -----------------------------------  ---------------  ---------------  ---------------  ------------ 
 
   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.

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 [e-mail] or visit www.rns.com.

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September 11, 2019 10:28 ET (14:28 GMT)