Tangent Holdings UK Limited Form 8 (OPD) (Tangent Communications PLC) (1255P)

TIDMTNG

RNS Number : 1255P

Tangent Holdings UK Limited

15 February 2016

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:                                                               TANGENT HOLDINGS UK LIMITED 
----------------------------------------------------------------------------------------  ---------------------------- 
 (b) Owner or controller of interests and short positions disclosed, if different from     N/A 
 1(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:   TANGENT COMMUNICATIONS PLC 
  Use a separate form for each offeror/offeree 
----------------------------------------------------------------------------------------  ---------------------------- 
 (d) Is the discloser the offeror or the offeree?                                          OFFEROR 
----------------------------------------------------------------------------------------  ---------------------------- 
 (e) Date position held:                                                                   11 FEBRUARY 2016 
  The latest practicable date prior to the disclosure 
----------------------------------------------------------------------------------------  ---------------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in      NO 
 respect 
 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 1 pence each 
----------------------------------------------------------------------------  ---------------------------------------- 
                                                                                    Interests         Short positions 
----------------------------------------------------------------------------  --------------------  ------------------ 
                                                                                  Number        %       Number      % 
----------------------------------------------------------------------------  --------------  ----  -------------  --- 
 (1) Relevant securities owned and/or controlled:                                    0          0         0         0 
----------------------------------------------------------------------------  --------------  ----  -------------  --- 
 (2) Cash-settled derivatives:                                                       0          0         0         0 
----------------------------------------------------------------------------  --------------  ----  -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to 
  purchase/sell:                                                                     0          0         0         0 
----------------------------------------------------------------------------  --------------  ----  -------------  --- 
 
   TOTAL:                                                                            0          0         0         0 
----------------------------------------------------------------------------  --------------  ----  -------------  --- 
 

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: 
-------------------------------------------------------------------------------------------- 
 
 
 Interests in securities 
 Name              Nature of interest     Number of relevant 
                    or right               securities (ordinary 
                                           shares in Tangent 
                                           Communications 
                                           PLC) 
 Michael Green     Beneficial interest    83,158,190 
 Timothy Green     Beneficial interest    5,272,781 
 Nicholas Green    Beneficial interest    3,730,770 
 Jamie Beaumont    Beneficial interest    250,000 
 
 
 Options to subscribe for securities 
 Name        Scheme        Date of       Exercise   Exercise    Number 
                            grant         price      period      of relevant 
                                          (pence)                Tangent 
                                                                 Shares 
 Timothy                                            Until 
  Green      EMI Scheme    27/09/2005    1p          31/08/18   850,978 
  Unapproved                                        Until 
   Scheme       27/09/2005               1p          31/08/18   649,022 
  Unapproved                                        Until 
   Scheme       27/09/2005               5p          31/08/18   2,500,000 
  Unapproved                                        Until 
   Scheme       31/03/2009               1p          31/08/18   1,728,163 
  Unapproved                                        Until 
   Scheme       08/11/2010               1p          31/08/18   1,018,491 
  Unapproved                                        Until 
   Scheme       23/06/2011               1p          31/08/18   1,350,000 
 Nicholas                                           Until 
  Green      EMI Scheme    27/09/2005    1p          31/08/18    850,978 
  Unapproved                                        Until 
   Scheme       27/09/2005               1p          31/08/18   1,649,022 
  Unapproved                                        Until 
   Scheme       27/09/2005               5p          31/08/18   2,500,000 
  Unapproved                                        Until 
   Scheme       31/03/2009               1p          31/08/18   1,728,163 
  Unapproved                                        Until 
   Scheme       08/11/2010               1p          31/08/18   1,018,491 
  Unapproved                                        Until 
   Scheme       23/06/2011               1p          31/08/18   1,350,000 
 

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" 
------------------------------------------------------------------------------------------------ 
 
   NIL 
------------------------------------------------------------------------------------------------ 
 
   (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" 
---------------------------------------------------------------------------------------------- 
 
   NIL 
---------------------------------------------------------------------------------------------- 
 
   (c)        Attachments 

February 15, 2016 11:22 ET (16:22 GMT)

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  --- 
 
 
 Date of disclosure:    11 FEBRUARY 2016 
---------------------  ----------------- 
 Contact name:          JAMIE BEAUMONT 
---------------------  ----------------- 
 Telephone number:      + 020 7262 6101 
---------------------  ----------------- 
 

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 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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February 15, 2016 11:22 ET (16:22 GMT)