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PGD Patagonia Gold Plc

31.00
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Patagonia Gold Plc LSE:PGD London Ordinary Share GB00BF5B8R55 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 31.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Patagonia Gold PLC Form 8 (OPD) - Patagonia Gold plc (5617B)

10/06/2019 7:00am

UK Regulatory


Patagonia Gold (LSE:PGD)
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From May 2019 to May 2024

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TIDMPGD

RNS Number : 5617B

Patagonia Gold PLC

10 June 2019

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:                                                                    Patagonia Gold plc 
 (b) Owner or controller of interests and short positions disclosed, if different from 1(a):    N/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 relates:        Patagonia Gold plc 
  Use a separate form for each offeror/offeree 
                                                                                               ------------------- 
 (d) Is the discloser the offeror or the offeree?                                               OFFEREE 
                                                                                               ------------------- 
 (e) Date position held:                                                                        7 June 2019 
  The latest practicable date prior to the disclosure 
                                                                                               ------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect   NO 
  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: 
                                                                                       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 purchase/sell:     Nil             Nil 
                                                                                     --------      -------------  --- 
                                                                                        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: 
 
        1. Directors' Interests 
 
        a) Directors' holdings in ordinary shares of 1 pence each in Patagonia Gold plc 
         Director             Shareholding   Percentage holding 
         Carlos J Miguens*      12,741,212               53.91% 
                             -------------  ------------------- 
         Christopher van 
          Tienhoven                 23,290                0.10% 
                             -------------  ------------------- 
         Gonzalo Tanoira**         174,028                0.74% 
                             -------------  ------------------- 
         Manuel de Prado            40,357                0.17% 
                             -------------  ------------------- 
         Total:                 12,978,887               54.91% 
                             -------------  ------------------- 
 
 
        * Includes 12,570,437 shares held by Cantomi Uruguay S.A. (a company owned and controlled 
        by Mr Miguens). 
        ** Includes 67,112 shares held by Capifox S.A. (a company owned and controlled by Mr Tanoira). 
 
        b) Directors' share options 
        Director            Date of grant  Exercise    No. of           Date from    Expiry date 
                                              price   Options   which exercisable 
        C J Miguens          23 June 2009    1,225p    45,000        23 June 2009   22 June 2019 
        C J Miguens          17 June 2010    1,500p    11,000        17 June 2010   16 June 2020 
                              10 February                             10 February     9 February 
        C J Miguens                  2011    1,100p    20,000                2011           2021 
        C J Miguens           13 May 2011    1,100p     9,000         13 May 2011    12 May 2021 
                               31 January                              31 January     30 January 
        C J Miguens                  2012    1,100p    20,000                2012           2022 
                                                                        9 January      8 January 
        C J Miguens        9 January 2013    2,275p    90,000                2013           2023 
                             19 September                            19 September   18 September 
        C J Miguens                  2013    1,175p    50,000                2013           2023 
                              18 December                             17 December    17 December 
        C J Miguens                  2017      100p    50,000                2018           2027 
        G Tanoira            23 June 2009    1,225p    17,190        23 June 2009   22 June 2019 
        G Tanoira            17 June 2010    1,500p     5,000        17 June 2010   16 June 2020 
        G Tanoira             13 May 2011    1,100p     5,000         13 May 2011    12 May 2021 
                                                                        9 January      8 January 
        G Tanoira          9 January 2013    2,275p    10,000                2013           2023 
                              18 December                             17 December    17 December 
        G Tanoira                    2017      100p    50,000                2018           2027 
        C van Tienhoven     31 March 2015      250p   100,000       31 March 2015  30 March 2025 
                              18 December                             17 December    17 December 
        C van Tienhoven              2017      100p   150,000                2018           2027 
                             12 September                            12 September   11 September 
        M de Prado                   2013    1,100p     7,500                2013           2023 
                              18 December                             17 December    17 December 
        M de Prado                   2017      100p    50,000                2018           2027 
 
 
        2. Connected Advisers' Interests 
 
        a) Connected Advisers' holdings in ordinary shares of 1 pence each in Patagonia Gold plc 
         Connected Adviser        Shareholding   Percentage holding 
         Strand Hanson Limited          17,777                0.08% 
                                 -------------  ------------------- 
 

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:    10 June 2019 
 Contact name:          Christopher van Tienhoven 
                       -------------------------- 
 Telephone number:      +54 11 5278 6950 
                       -------------------------- 
 

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.

END

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June 10, 2019 02:00 ET (06:00 GMT)

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