Resource Group Int Ltd (The) Form 8 (OPD) - IBEX Global Solutions plc (3063O)

TIDMIBEX

RNS Number : 3063O

Resource Group Int Ltd (The)

03 November 2016

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:                                 India Bidco Limited, a wholly owned subsidiary of The 
                                                             Resource Group International Limited 
----------------------------------------------------------  ---------------------------------------------------------- 
 (b) Owner or controller of interests and short positions    The Resource Group International Limited 
 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 to whose relevant   IBEX Global Solutions PLC 
 securities this form relates: 
 Use a separate form for each offeror/offeree 
----------------------------------------------------------  ---------------------------------------------------------- 
 (d) Is the discloser the offeror or the offeree?            OFFEROR 
----------------------------------------------------------  ---------------------------------------------------------- 
 (e) Date position held:                                     3 November 2016 
  The latest practicable date prior to the disclosure 
----------------------------------------------------------  ---------------------------------------------------------- 
 (f) In addition to the company in 1(c) above, is the        N/A 
 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 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 1 pence each 
-----------------------------------------------------------------------------  --------------------------------------- 
                                                                                    Interests         Short positions 
-----------------------------------------------------------------------------  -------------------  ------------------ 
                                                                                  Number       %       Number      % 
-----------------------------------------------------------------------------  -----------  ------  -----------  ----- 
 (1) Relevant securities owned and/or controlled:                               28,075,676   70.98       0         0 
-----------------------------------------------------------------------------  -----------  ------  -----------  ----- 
 (2) Cash-settled derivatives:                                                      0          0         0         0 
-----------------------------------------------------------------------------  -----------  ------  -----------  ----- 
 (3) Stock-settled derivatives (including options) and agreements to 
  purchase/sell:                                                                    0          0     1,732,856    4.38 
-----------------------------------------------------------------------------  -----------  ------  -----------  ----- 
 
   TOTAL:                                                                       28,075,676   70.98       0         0 
-----------------------------------------------------------------------------  -----------  ------  -----------  ----- 
 

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: 
----------------------------------------------------------------------------  ----- 
 
   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: 
-------------------------------------------------------------------------------------------- 
 
   None 
-------------------------------------------------------------------------------------------- 
 

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)   YES 
-------------------------------------  ---- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  ---- 
 
 
 Date of disclosure:    3 November 2016 
---------------------  ---------------- 
 Contact name:          Pat Costello 
---------------------  ---------------- 
 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.

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:                      India Bidco Limited, a wholly owned subsidiary of The 
                                                             Resource Group International Limited 
----------------------------------------------------------  ---------------------------------------------------------- 
 Name of offeror/offeree in relation to whose relevant       IBEX Global Solutions plc 
 securities the disclosure 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 
----------------  ---------------  ----------------  ---------------  ----------------  ----------------  ------------ 
 Ordinary          Call options                       1,732,856        US$1.55           American          6 June 2023 
                   granted 
                   pursuant to 
                   employee 
                   incentive plan 
----------------  ---------------  ----------------  ---------------  ----------------  ----------------  ------------ 
 
   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: 
------------------------------------------- 
 
   None 
------------------------------------------- 
 

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 company news service from the London Stock Exchange

END

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November 03, 2016 14:35 ET (18:35 GMT)