O Twelve Estates Limited O Twelve Estates Form 8 (OPD) (3696G)

TIDMOTE

RNS Number : 3696G

O Twelve Estates Limited

28 June 2012

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:                                O TWELVE ESTATES LIMITED 
-------------------------------------------------------------------------------------------  ------------------------- 
 (b) Owner or controller of interests and short positions disclosed, if different from        N/A 
 1(a): 
-------------------------------------------------------------------------------------------  ------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:      O TWELVE ESTATES LIMITED 
-------------------------------------------------------------------------------------------  ------------------------- 
 (d) Is the party to the offer making the disclosure the offeror or the offeree?              OFFEREE 
-------------------------------------------------------------------------------------------  ------------------------- 
 (e) Date position held:                                                                      28 JUNE 2012 
-------------------------------------------------------------------------------------------  ------------------------- 
 (f) Has the party previously disclosed, or is it today disclosing, under the Code in         NO 
 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: 
-------------------------------------------------  --------      -------------  --- 
 (2) Derivatives (other than options): 
-------------------------------------------------  --------      -------------  --- 
 (3) Options and agreements to purchase/sell: 
-------------------------------------------------  --------      -------------  --- 
                                                      NIL             NIL 
  TOTAL: 
-------------------------------------------------  --------      -------------  --- 
 
   (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 
----------------------------------------------------------------------------  ---- 
 
   (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): 
------------------------------------------------------------------------------------------------ 
  Director          Number of O Twelve   Number of % of issued 
                                 Shares           share capital 
  ----------------  -------------------  ---------------------- 
   Phillip Rhodes               588,000                    0.12 
  ----------------  -------------------  ---------------------- 
   Howard Stanton               221,000                    0.05 
  ----------------  -------------------  ---------------------- 
   Quentin Spicer                25,000                    0.01 
  ----------------  -------------------  ---------------------- 
   Richard Barnes               196,000                    0.04 
  ----------------  -------------------  ---------------------- 
   Peter Radford                 40,000                    0.01 
  ----------------  -------------------  ---------------------- 
 
 
 
  These irrevocable undertakings will continue to be binding even if a competing offer is made 
  for O Twelve which exceeds the value of the Offer and even if such higher offer is recommended 
  for acceptance by the O Twelve Directors. 
------------------------------------------------------------------------------------------------ 
 
   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: 
----------------------------------------------------------------------------------------------- 
 
  The O Twelve Directors and their respective related parties owned or controlled the following 
  O Twelve Shares: 
   Name              Number of O Twelve      % of issued 
                                 Shares    share capital 
  ----------------  -------------------  --------------- 
   Phillip Rhodes               588,000             0.12 
  ----------------  -------------------  --------------- 
   Howard Stanton               221,000             0.05 
  ----------------  -------------------  --------------- 
   Quentin Spicer                25,000             0.01 
  ----------------  -------------------  --------------- 
   Richard Barnes               196,000             0.04 
  ----------------  -------------------  --------------- 
   Peter Radford                 40,000             0.01 
  ----------------  -------------------  --------------- 
----------------------------------------------------------------------------------------------- 
 
   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: 
------------------------------------------------------------------------------------------------ 
 
  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: 
---------------------------------------------------------------------------------------------- 
 
  NONE 
---------------------------------------------------------------------------------------------- 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  --- 
 
 
 Date of disclosure:    28 JUNE 2012 
---------------------  -------------- 
 Contact name:          SARAH STUART 
---------------------  -------------- 
 Telephone number:      0207 598 4051 
---------------------  -------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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