Stanley Gibbons Group PLC Form 8 (OPD) - Mallett Plc (8355S)

TIDMSGI TIDMMAE

RNS Number : 8355S

Stanley Gibbons Group PLC

29 September 2014

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 offer making the disclosure:                      The Fine Art Auction Group Limited 
---------------------------------------------------------------------------------  ----------------------------------- 
 (b) Owner or controller of interests and short positions disclosed, if different   The Stanley Gibbons Group plc 
 from 1(a): 
 The naming of nominee or vehicle companies is insufficient 
---------------------------------------------------------------------------------  ----------------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form     Mallett Plc 
 relates: 
 Use a separate form for each party to the offer 
---------------------------------------------------------------------------------  ----------------------------------- 
 (d) Is the party to the offer making the disclosure the offeror or the offeree?    OFFEROR 
---------------------------------------------------------------------------------  ----------------------------------- 
 (e) Date position held:                                                            26(th) September 2014 
---------------------------------------------------------------------------------  ----------------------------------- 
 (f) Has the party previously disclosed, or is it today disclosing, under the       NO 
 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 security: 
-------------------------------------------------  --------------------------------- 
                                                     Interests      Short positions 
-------------------------------------------------  -------------  ------------------ 
                                                    Number    %      Number      % 
-------------------------------------------------  -------  ----  -----------  ----- 
 (1) Relevant securities owned and/or controlled:    Nil     N/A      Nil       N/A 
-------------------------------------------------  -------  ----  -----------  ----- 
 (2) Derivatives (other than options):               Nil     N/A      Nil       N/A 
-------------------------------------------------  -------  ----  -----------  ----- 
 (3) Options and agreements to purchase/sell:        Nil     N/A      Nil       N/A 
-------------------------------------------------  -------  ----  -----------  ----- 
                                                     Nil     N/A      Nil       N/A 
   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 relation to which subscription right exists:    N/A 
----------------------------------------------------------------------------  ---- 
 Details, including nature of the rights concerned and relevant percentages:   N/A 
----------------------------------------------------------------------------  ---- 
 

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): 
----------------------------------------------------------------------------------------------- 
             Name                 Number of       Percentage          Level of 
                                 Mallett Shares     of Mallett         increase 
                                                   issued share      of competing 
                                                     capital           offer at 
                                                                   which irrevocable 
                                                                      would lapse 
   --------------------------  ----------------  --------------  ------------------- 
    Michael Smyth-Osbourne**         4,200             0.0               n/a 
   --------------------------  ----------------  --------------  ------------------- 
          Henry Neville             10,000             0.1               n/a 
   --------------------------  ----------------  --------------  ------------------- 
         James Heneage**            10,000             0.1               n/a 
   --------------------------  ----------------  --------------  ------------------- 
           Troy Asset 
            Management 
             Limited*              4,130,000          29.9               10% 
   --------------------------  ----------------  --------------  ------------------- 
        Bronsstädet 
               AB**                3,897,500          28.2               10% 
   --------------------------  ----------------  --------------  ------------------- 
         Value Partners 
          Family Office 
           Foundation**             897,000            6.5               10% 
   --------------------------  ----------------  --------------  ------------------- 
          Church House 
           Investments 
            Limited**               765,000            5.5               10% 
   --------------------------  ----------------  --------------  ------------------- 
       Mrs Sara Fenwick**           534,000            3.9               10% 
   --------------------------  ----------------  --------------  ------------------- 
----------------------------------------------------------------------------------------------- 
 
   * Troy Asset Management Limited has discretionary control on behalf of the beneficial owner 
   of such Mallett Shares. 
   ** Beneficial holding. 
----------------------------------------------------------------------------------------------- 
 
   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: 
------------------------------------------------------------------------------------------ 
 
   None 
------------------------------------------------------------------------------------------ 
 

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:    29(th) September 2014 
---------------------  ----------------------------------- 
 Contact name:          Richard Purkis (Company Secretary) 
---------------------  ----------------------------------- 
 Telephone number:      0207 557 4428 
---------------------  ----------------------------------- 
 

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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