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STR Stride Gaming Plc

149.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stride Gaming Plc LSE:STR London Ordinary Share JE00BWT5X884 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% 149.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Stride Gaming PLC Form 8 (OPD) - Stride Gaming (9165Q)

22/02/2019 4:00pm

UK Regulatory


Stride Gaming (LSE:STR)
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TIDMSTR

RNS Number : 9165Q

Stride Gaming PLC

22 February 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:                                                                    Stride Gaming 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:        Stride Gaming plc 
  Use a separate form for each offeror/offeree 
                                                                                               ------------------ 
 (d) Is the discloser the offeror or the offeree?                                               OFFEREE 
                                                                                               ------------------ 
 (e) Date position held:                                                                        21 February 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:                                                       Ordinary shares of GBP0.01 each 
                                                                                            (JE00BWT5X884) 
                                                                                    Interests         Short positions 
                                                                               -------------------  ------------------ 
                                                                                  Number       %       Number      % 
                                                                               -----------  ------  -----------  ----- 
 (1) Relevant securities owned and/or controlled:                                  Nil        Nil       Nil       Nil 
                                                                               -----------  ------  -----------  ----- 
 (2) Cash-settled derivatives:                                                     Nil        Nil       Nil       Nil 
                                                                               -----------  ------  -----------  ----- 
 (3) Stock-settled derivatives (including options) and agreements to               Nil        Nil       Nil       Nil 
 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:    N/A 
 Details, including nature of the rights concerned and relevant percentages:   N/A 
                                                                              ---- 
 
   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: 
 
   a) Holdings of ordinary shares of GBP0.01 each ("Ordinary Shares") in Stride Gaming plc by 
   directors and their close relatives and related trusts 
    Name                No. of Ordinary Shares   Percentage of issued 
                         held                     share capital 
    Eitan Boyd (1)                   2,611,151                   3.44 
                       -----------------------  --------------------- 
    Darren Sims (2)                  1,160,984                   1.53 
                       -----------------------  --------------------- 
    Ronen Kannor (3)                    39,273                   0.05 
                       -----------------------  --------------------- 
    Adam Batty                          22,727                   0.03 
                       -----------------------  --------------------- 
    Nigel Payne                         13,889                   0.02 
                       -----------------------  --------------------- 
    John Le Poidevin                    44,546                   0.06 
                       -----------------------  --------------------- 
 
 
   (1) Legal title to these Ordinary Shares is held by Guardian Trust Company Limited as trustee 
   for the Alon Trust. The beneficiaries of the Alon Trust are Eitan Boyd, his wife and children. 
   (2) Legal title to these Ordinary Shares is held by Clermont Corporate Services Limited in 
   its capacity as trustee for the Monkey George Trust. The beneficiaries of the Monkey George 
   Trust are Darren Sims, his wife and children. 
   (3) Legal title to these Ordinary Shares is held by Pershing Nominees Limited in its capacity 
   as trustee for SHCLT Trust. The beneficiaries of the SHCLT Trust are Ronen Kannor, his wife 
   and children. 
 
   b) Share options with performance conditions over Ordinary Shares in Stride Gaming plc held 
   by directors and their close relatives and related trusts 
    Name           Potential      Scheme   Exercise   Earliest    Expiry 
                    number                  price      vesting     date 
                    of Ordinary                        date 
                    Shares 
                    held 
    Eitan Boyd     111,111        LTIP     Nil        31 August   31 August 
                                                       2018        2028 
                  -------------  -------  ---------  ----------  ---------- 
    Eitan Boyd     113,333        LTIP     Nil        31 August   31 August 
                                                       2019        2029 
                  -------------  -------  ---------  ----------  ---------- 
    Darren         111,111        LTIP     Nil        31 August   31 August 
     Sims                                              2018        2028 
                  -------------  -------  ---------  ----------  ---------- 
    Darren         113,333        LTIP     Nil        31 August   31 August 
     Sims                                              2019        2029 
                  -------------  -------  ---------  ----------  ---------- 
    Ronen Kannor   66,667         LTIP     Nil        31 August   31 August 
                                                       2018        2028 
                  -------------  -------  ---------  ----------  ---------- 
    Ronen Kannor   77,778         LTIP     Nil        31 August   31 August 
                                                       2019        2029 
                  -------------  -------  ---------  ----------  ---------- 
 
 
 
 
 
 
   c) Share options vested but not exercised over Ordinary Shares in Stride Gaming plc held by 
   directors and their close relatives and related trusts 
    Name           Potential      Scheme   Exercise   Vesting   Expiry 
                    number                  price      date      date 
                    of Ordinary 
                    Shares 
                    held 
    Eitan Boyd     750,000        EMI      GBP1.32    18 May    18 May 
                                                       2018      2028 
                  -------------  -------  ---------  --------  ------- 
    Darren         750,000        EMI      GBP1.32    18 May    18 May 
     Sims                                              2018      2028 
                  -------------  -------  ---------  --------  ------- 
    Ronen Kannor   500,000        EMI      GBP1.32    18 May    18 May 
                                                       2018      2028 
                  -------------  -------  ---------  --------  ------- 
 
 
 
 
   d) Holdings of Ordinary Shares in Stride Gaming plc by members of the GAL Concert Party (being 
   such persons who are presumed to be acting in concert with each of Eitan Boyd, Darren Sims 
   and Ronen Kannor and their respective close relatives and related trusts) 
    Name                      No. of Ordinary Shares   Percentage of issued 
                                                held          share capital 
    Gal Holdings Limited                  18,778,388                  24.77 
                             -----------------------  --------------------- 
    Izak Cronje (and wife)                    16,454                   0.02 
                             -----------------------  --------------------- 
    Ukudla Commodities 
     Limited(1)                              820,000                   1.08 
                             -----------------------  --------------------- 
    Christo Oosthuizen(2)                    351,289                   0.46 
                             -----------------------  --------------------- 
    Alan Feldman                                   0                      0 
                             -----------------------  --------------------- 
    Michael Weinraub                         364,764                   0.48 
                             -----------------------  --------------------- 
    Assaf Matityahu                          584,067                   0.77 
                             -----------------------  --------------------- 
    Shlomi Zac                               275,992                   0.36 
                             -----------------------  --------------------- 
 
 
   (1) Ultimately owned by Rubin Feldman, the father of Alan Feldman (a consultant to Group companies). 
   (2) Of these shares, 25,000 are held by Christo Oosthuizen in his own name and for the remainder, 
   the legal title is held by Geneva Management Group (BVI) Limited. 
 
 
 
   e) Share options with performance conditions over Ordinary Shares in Stride Gaming plc held 
   by members of the GAL Concert Party (being such persons who are presumed to be acting in concert 
   with each of Eitan Boyd, Darren Sims and Ronen Kannor and their respective close relatives 
   and related trusts) 
    Name              Potential      Scheme          Exercise   Earliest      Expiry 
                       number                         price      vesting       date 
                       of Ordinary                               date 
                       Shares 
                       held 
    Assaf Matityahu   38,911         Share Options   GBP2.57    31 December   31 December 
                                                                 2019          2029 
                     -------------  --------------  ---------  ------------  ------------ 
    Izak Cronje       166,667        Share options   GBP1.32    01 October    01 October 
     (and wife)                                                  2019          2029 
                     -------------  --------------  ---------  ------------  ------------ 
 
 
 
 
 
 
 
 
 
   f) Share options vested but not exercised over Ordinary Shares in Stride Gaming plc held by 
   members of the GAL Concert Party (being such persons who are presumed to be acting in concert 
   with each of Eitan Boyd, Darren Sims and Ronen Kannor and their respective close relatives 
   and related trusts) 
    Name              Potential      Scheme          Exercise   Vesting       Expiry 
                       number                         price      date          date 
                       of Ordinary 
                       Shares 
                       held 
    Christo           166,666        Share options   GBP1.32    18 May        18 May 
     Oosthuizen                                                  2016          2026 
                     -------------  --------------  ---------  ------------  ------------ 
    Christo           166,666        Share options   GBP1.32    18 May        18 May 
     Oosthuizen                                                  2017          2027 
                     -------------  --------------  ---------  ------------  ------------ 
    Christo           166,667        Share options   GBP1.32    18 May        18 May 
     Oosthuizen                                                  2018          2028 
                     -------------  --------------  ---------  ------------  ------------ 
    Alan Feldman      166,667        Share options   GBP1.32    18 May        18 May 
                                                                 2018          2028 
                     -------------  --------------  ---------  ------------  ------------ 
    Assaf Matityahu   38,911         Share options   GBP2.57    31 December   31 December 
                                                                 2018          2028 
                     -------------  --------------  ---------  ------------  ------------ 
    Izak Cronje       100,000        Share options   GBP1.32    01 October    01 October 
     (and wife)                                                  2017          2028 
                     -------------  --------------  ---------  ------------  ------------ 
    Izak Cronje       180,000        Share options   GBP1.32    01 October    01 October 
     (and wife)                                                  2018          2028 
                     -------------  --------------  ---------  ------------  ------------ 
 

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:    21 February 2019 
 Contact name:          Ronen Kannor 
                       -------------------- 
 Telephone number:      +44 (0)20 7284 6080 
                       -------------------- 
 

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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