Form 8 (OPD) Individual Restaurant Company PLC (8869F)

TIDMIRC

RNS Number : 8869F

Individual Restaurant Company PLC

04 May 2011

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) Identity of the party to the    Individual Restaurant Company plc 
     offer making the disclosure:        ("IRC") 
--------------------------------------  -------------------------------------- 
     (b) Owner or controller of 
     interests and short positions 
     disclosed, if different from 
     1(a): The naming of nominee or 
     vehicle companies is 
     insufficient 
--------------------------------------  -------------------------------------- 
     (c) Name of offeror/offeree in      IRC 
     relation to whose relevant 
     securities this form relates: Use 
     a separate form for each party to 
     the offer 
--------------------------------------  -------------------------------------- 
     (d) Is the party to the offer       OFFEREE 
     making the disclosure the offeror 
     or the offeree? 
--------------------------------------  -------------------------------------- 
     (e) Date position held:             03 May 2011 
--------------------------------------  -------------------------------------- 
     (f) Has the party previously        NO 
     disclosed, or is it today 
     disclosing, under the Code in 
     respect of any other party to 
     this offer? 
--------------------------------------  -------------------------------------- 
 

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant           Ordinary Shares of 5p each in the capital of IRC 
 security:                                    ("IRC Shares") 
--------------------------  -------------------------------------------------- 
                                    Interests              Short positions 
--------------------------  ------------------------  ------------------------ 
                                 Number          %          Number         % 
--------------------------  ----------------  ------  -----------------  ----- 
     (1) Relevant                 None 
     securities owned 
     and/or controlled: 
--------------------------  ----------------  ------  -----------------  ----- 
     (2) Derivatives 
     (other than 
     options): 
--------------------------  ----------------  ------  -----------------  ----- 
     (3) Options and 
     agreements to 
     purchase/sell: 
--------------------------  ----------------  ------  -----------------  ----- 
     TOTAL: 
--------------------------  ----------------  ------  -----------------  ----- 
 

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, 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           Ordinary Shares of 5p each in the 
 relation to which subscription right    capital of IRC ("IRC Shares") 
 exists: 
--------------------------------------  -------------------------------------- 
 Details, including nature of the        None 
 rights concerned and relevant 
 percentages: 
--------------------------------------  -------------------------------------- 
 

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.

(c) Irrevocable commitments and letters of intent

 
 Details of any irrevocable commitments or letters 
  of intent procured by the party to the offer making 
  the disclosure or any person acting in concert with 
  it (see Note 3 on Rule 2.11 of the Code): 
----------------------------------------------------- 
 None 
----------------------------------------------------- 
 

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 of any person acting in concert with 
  the party to the offer making the disclosure: 
----------------------------------------------------------- 
  Independent 
    Director of 
    IRC               Shareholding   % 
  -----------------  -------------  ---- 
   Robert Breare      -              0.0 
  -----------------  -------------  ---- 
   Iain Donald        1,273,613      2.1 
  -----------------  -------------  ---- 
   Vernon Lord        515,925        0.9 
  -----------------  -------------  ---- 
   Richard Simpson    -              0.0 
  -----------------  -------------  ---- 
   Independent                  Number    Exercise 
    Director of                 of         price     Expiry 
    IRC           Scheme        options    (GBP)     date 
  -------------  ------------  --------  ---------  ------- 
   Robert                                            12 Dec 
    Breare        Unapproved    71,428    1.75       2014 
  -------------  ------------  --------  ---------  ------- 
                                                     12 Dec 
    Unapproved                  71,428    2.45       2015 
   --------------------------  --------  ---------  ------- 
                                                     12 Dec 
    Unapproved                  71,428    3.15       2015 
   --------------------------  --------  ---------  ------- 
                                                     30 Apr 
    Unapproved                  100,000   1.05       2017 
   --------------------------  --------  ---------  ------- 
 
                  EMI                                30 Apr 
   Iain Donald     approved     65,000    1.05       2017 
  -------------  ------------  --------  ---------  ------- 
                                                     30 Apr 
    Unapproved                  350,000   1.05       2017 
   --------------------------  --------  ---------  ------- 
 
                  EMI                                30 Apr 
   Vernon Lord     approved     65,000    1.05       2017 
  -------------  ------------  --------  ---------  ------- 
                                                     30 Apr 
    Unapproved                  350,000   1.05       2017 
   --------------------------  --------  ---------  ------- 
 
   Richard                                           30 Apr 
    Simpson       Unapproved    100,000   1.05       2017 
  -------------  ------------  --------  ---------  ------- 
----------------------------------------------------------- 
 

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 3 for each additional class of relevant security.

Details of any open derivative or option positions, 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: 
  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:    04 May 2011 
---------------------  --------------------- 
 Contact name:          Paul Lines 
---------------------  --------------------- 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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