EG Solutions plc Replacement Form 8 (OPD) (5890S)

TIDMEGS

RNS Number : 5890S

EG Solutions plc

03 October 2017

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")

The announcement below submitted under RNS number: 8204Q has now been replaced to remove Nplus1 Singer Capital Markets Limited as a connected adviser with an interest in EG Solutions plc under section 3.

All other details in the announcement remain unchanged.

The full amended text is shown below.

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                                                    EG Solutions plc 
---------------------------------------------------------------------------------------------  ----------------- 
 (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. For a trust, the trustee(s), 
  settlor and beneficiaries must be named. 
---------------------------------------------------------------------------------------------  ----------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:        EG Solutions plc 
  Use a separate form for each offeror/offeree 
---------------------------------------------------------------------------------------------  ----------------- 
 (d) Is the discloser the offeror or the offeree?                                               OFFEREE 
---------------------------------------------------------------------------------------------  ----------------- 
 (e) Date position held:                                                                        6 September 2017 
  The latest practicable date prior to the disclosure 
---------------------------------------------------------------------------------------------  ----------------- 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect   NO 
  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: 
-----------------------------------------------------------------------------------  --------------------------------- 
                                                                                       Interests      Short positions 
-----------------------------------------------------------------------------------  -------------  ------------------ 
                                                                                      Number    %      Number      % 
-----------------------------------------------------------------------------------  -------  ----  -----------  ----- 
 (1) Relevant securities owned and/or controlled:                                      Nil     Nil      Nil       Nil 
-----------------------------------------------------------------------------------  -------  ----  -----------  ----- 
 (2) Cash-settled derivatives:                                                         Nil     Nil      Nil       Nil 
-----------------------------------------------------------------------------------  -------  ----  -----------  ----- 
 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:    Nil     Nil      Nil       Nil 
-----------------------------------------------------------------------------------  -------  ----  -----------  ----- 
                                                                                       Nil     Nil      Nil       Nil 
   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).

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 
----------------------------------------------------------------------------  ----- 
 
   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: 
------------------------------------------------------------------------------------------------ 
 
   3(a) Interest of directors of EG Solutions plc and their connected persons in ordinary shares 
   of EG Solutions plc 
    Name              Role               No. of ordinary   Percentage 
                                          shares            holding 
    Nigel Payne       Chairman           26,450            0.12% 
                      Non-Executive 
    George Rolls       Director          111,450           0.49% 
    Elizabeth 
     Gooch            Chief Executive    3,946,641         17.40% 
                      Daughter 
                       of Elizabeth 
    Caitlin Moss       Gooch             66,357            0.29% 
    EG Employee 
     Benefit Trust    EBT                1,514,285         6.68% 
 
 
   3(b) 
 
   Share options held by Directors under the EG Solutions plc Long Term Incentive Plan 
    Name        No. of          Grant Date   Normal vesting   Exercise 
                 ordinary                     date             price 
                 shares 
                 under option 
   ----------  --------------  -----------  ---------------  --------- 
    Elizabeth   200,000         22/05/2015   22/05/2018       GBP0.01 
     Gooch 
   ----------  --------------  -----------  ---------------  --------- 
 
 
   Share options held by Directors under the EG Solutions plc Enterprise Management Incentive 
   Plan 
    Name       No. of          Grant Date   Normal vesting   Exercise 
                ordinary                     date             price 
                shares 
                under option 
   ---------  --------------  -----------  ---------------  --------- 
    Michael    5,000           07/01/2015   07/01/2019       GBP0.675 
     Woolley 
   ---------  --------------  -----------  ---------------  --------- 
------------------------------------------------------------------------------------------------ 
 

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" 
---------------------------------------------------------------------------------------------- 
 
   None 
---------------------------------------------------------------------------------------------- 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  --- 
 
 
 Date of disclosure:    7 September 2017 
---------------------  ------------------- 
 Contact name:          Michael Wolley 
---------------------  ------------------- 
 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.

END

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October 03, 2017 10:03 ET (14:03 GMT)