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HUNT Hunters Property Plc

70.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hunters Property Plc LSE:HUNT London Ordinary Share GB00BYMW5L71 ORD 4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 70.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Property Franchise Group PLC (The) Form 8 (OPD) (The Property Franchise Group plc) (0525J)

17/12/2020 2:19pm

UK Regulatory


Hunters Property (LSE:HUNT)
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From Mar 2019 to Mar 2024

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TIDMTPFG TIDMHUNT

RNS Number : 0525J

Property Franchise Group PLC (The)

17 December 2020

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")

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                                          The Property Franchise Group plc 
 (b) Owner or controller of interests and short positions disclosed, if different     N/A 
 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 to whose relevant securities this form       The Property Franchise Group plc 
 relates: 
 Use a separate form for each offeror/offeree 
                                                                                     --------------------------------- 
 (d) Is the discloser the offeror or the offeree?                                     OFFEROR 
                                                                                     --------------------------------- 
 (e) Date position held:                                                              15 December 2020 
  The latest practicable date prior to the disclosure 
                                                                                     --------------------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures    NO 
 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 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:                                                    Ordinary shares of 1p nominal value 
                                                                                   Interests          Short positions 
                                                                            ----------------------  ------------------ 
                                                                                 Number         %       Number      % 
                                                                            ----------------  ----  -------------  --- 
 (1) Relevant securities owned and/or controlled:                                  Nil                   Nil 
                                                                            ----------------  ----  -------------  --- 
 (2) Cash-settled derivatives:                                                     Nil                   Nil 
                                                                            ----------------  ----  -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to               Nil                   Nil 
 purchase/sell: 
                                                                            ----------------  ----  -------------  --- 
                                                                                   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:    Nil 
 Details, including nature of the rights concerned and relevant percentages:   Nil 
                                                                              ---- 
 
   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: 
 
   Details of interests: 
    Name                    Shareholding 
                                   % of issued 
                                    ord. share 
                          No.        capital 
   -----------------  ----------  ------------ 
    Richard Martin     7,610,000        29.47% 
    Kathryn Martin*      429,950         1.67% 
    Paul Latham           50,000         0.19% 
    David Raggett        222,400         0.86% 
    Sophy Pashley**        5,000         0.02% 
    Gareth Samples             0         0.00% 
    Philip Crooks              0         0.00% 
    Total              8,317,350        32.21% 
 
 
   *wife of and PCA (person closely associated) with Richard Martin, Chairman of The Property 
   Franchise Group plc 
   **partner and PCA (person closely associated) with David Raggett, Chief Financial Officer 
   of The Property Franchise Group plc 
 
   Details of rights to subscribe: 
    Name             Ordinary              Grant date    Exercise       Expiry date 
                      shares under                        price** 
                      option 
    David Raggett    125,000 (vested)      9 June 2017   1p per share   9 June 2027 
                    --------------------  ------------  -------------  ------------- 
    David Raggett    500,000 (unvested)*   1 August      1p per share   1 August 
                                            2018                         2028 
                    --------------------  ------------  -------------  ------------- 
    David Raggett    100,000 (unvested)    6 August      1p per share   6 August 
                                            2019                         2029 
                    --------------------  ------------  -------------  ------------- 
    David Raggett    100,000 (unvested)    22 July       1p per share   22 July 2030 
                                            2020 
                    --------------------  ------------  -------------  ------------- 
    Gareth Samples   100,000 (unvested)    22 July       1p per share   22 July 2030 
                                            2020 
                    --------------------  ------------  -------------  ------------- 
 
 
   *As disclosed in the Annual Report for 2019, this is the maximum number of shares that can 
   vest. The holder can only exercise the option granted in 2017 or the option granted in 2018. 
   The performance conditions for the option issued in 2018 are measured at 31 December 2020 
   and the vested number of shares determined at that point in time. 
 
   **Further details relating to the performance and vesting conditions of these options may 
   be found in the company's latest Annual Report published on its website. 
 

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:    16 December 2020 
 Contact name:          David Raggett 
                       ----------------- 
 Telephone number:      01202 292829 
                       ----------------- 
 

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 +44 (0)20 7638 0129.

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 rns@lseg.com or visit www.rns.com.

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END

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December 17, 2020 09:19 ET (14:19 GMT)

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