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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tungsten Corporation Plc | LSE:TUNG | London | Ordinary Share | GB00B7Z0Q502 | ORD 0.438P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 54.60 | 54.00 | 55.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2021 to Jul 2024
TIDMTUNG
RNS Number : 4199W
Tungsten Corporation PLC
22 December 2021
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")
Hot Features
Premium
1. KEY INFORMATION
(a) Full name of discloser: Tungsten Corporation plc
(b) Owner or controller of interests and short positions disclosed, if different from
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: Tungsten Corporation plc
Use a separate form for each offeror/offeree
-------------------------
(d) Is the discloser the offeror or the offeree? OFFEREE
-------------------------
(e) Date position held: 21 December 2021
The latest practicable date prior to the disclosure
-------------------------
(f) In addition to the company in 1(c) above, is the discloser making disclosures in N/A
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:
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: None
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) Interests of directors of Tungsten Corporation plc in Tungsten Corporation plc
Director Number of ordinary Percentage of total
shares in Tungsten issued share capital
Corporation plc (%)
Tony Bromovsky (1) 934,104 0.74
-------------------- ----------------------
Paul Cooper 19,500 0.00
-------------------- ----------------------
Andrew Doman (2) 251,649 0.20
-------------------- ----------------------
Nicholas Wells (3) 100,000 0.08
-------------------- ----------------------
(1) Held through Forest Nominees Ltd.
(2) Held through Hargreaves Lansdown Nominees Ltd.
(3) Held through Smith and Williamson Nominees Ltd.
(b) Directors' rights to subscribe for Tungsten Corporation plc's shares under Tungsten Corporation
plc's share plans
Award under Tungsten Corporation plc Deferred Share Bonus Plan
Director Number of shares Vesting date Exercise price
(pence)
50% vested on
30 October 2021
and 50% on will
vest on 30 October
Tony Bromovsky 376,166 2022 (1) 0.438
----------------- -------------------- ---------------
(1) These options become exercisable on an offer to acquire the entire issued share capital
of Tungsten Corporation plc being made unconditional in all respects, resulting in a change
of control of Tungsten Corporation plc.
Long Term Incentive Plan
Director Number of shares Vesting period Exercise price
(pence)
20 August 2024
Paul Cooper 160,467 (1) 0.438
----------------- --------------- ---------------
(1) These options become exercisable on an offer to acquire the entire issued share capital
of Tungsten Corporation plc being made unconditional in all respects, resulting in a change
of control of Tungsten Corporation plc.
(c) Interests of connected advisers of Tungsten Corporation plc in Tungsten Corporation plc's
shares
Connected Adviser Number of ordinary Percentage of total
shares in Tungsten issued share capital
Corporation plc (%)
Canaccord Genuity
LLC 5,000 0.00
-------------------- ----------------------
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: 22 December 2021
Contact name: Paul Cooper
--------------------------
Telephone number: Tel: +44 (0) 20 7280 6980
--------------------------
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
FEEDKDBNBBDBABB
(END) Dow Jones Newswires
December 22, 2021 02:00 ET (07:00 GMT)
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