WFCA PLC Form 8 (OPD) (WFCA) (4914K)

TIDMWFCA TIDMPTCM

RNS Number : 4914K

WFCA PLC

21 August 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:                                  WFCA 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 
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 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:        WFCA PLC 
  Use a separate form for each party to the offer 
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 (d) Is the party to the offer making the disclosure the offeror or the offeree?                OFFEREE 
---------------------------------------------------------------------------------------------  --------------- 
 (e) Date position held:                                                                        16 AUGUST 2012 
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 (f) Has the party previously disclosed, or is it today disclosing, under the Code in respect   YES 
  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:                                      N/A 
-------------------------------------------------  -------------------------------- 
                                                     Interests     Short positions 
-------------------------------------------------  ------------  ------------------ 
                                                    Number    %      Number      % 
-------------------------------------------------  --------      -------------  --- 
 (1) Relevant securities owned and/or controlled:     Nil     -       Nil        - 
-------------------------------------------------  --------      -------------  --- 
 (2) Derivatives (other than options):                Nil     -       Nil        - 
-------------------------------------------------  --------      -------------  --- 
 (3) Options and agreements to purchase/sell:         Nil     -       Nil        - 
-------------------------------------------------  --------      -------------  --- 
                                                      Nil     -       Nil        - 
   TOTAL: 
-------------------------------------------------  --------      -------------  --- 
 

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, 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 
----------------------------------------------------------------------------  ---- 
 

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.

   (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): 
----------------------------------------------------------------------------------------------- 
 
   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 of any person acting in 
  concert with the party to the offer making the disclosure: 
--------------------------------------------------------------------------------------------- 
 
 
   Details of WFCA shares held by the WFCA Directors: 
                                                 Number 
                                               of ordinary    Percentage 
                                                 shares       of currently 
                                               of GBP0.01     issued share 
                                                  each          capital 
    RODGER GORDON BRAIDWOOD, Non-Executive 
     Director of WFCA                          14,326,070        3.86% 
    LAWSHARE NOMINEES LIMITED, a company 
     connected to Steve Latter, Group 
     Financial Director of WFCA                5,039,534         1.36% 
    HAWK INVESTMENT HOLDINGS LIMITED, 
     a company connected to Bob Morton, 
     Non-Executive Chairman of WFCA           162,916,677       43.91% 
    JOHN FOLEY, Non-Executive Director 
     of WFCA, acting in concert with 
     Bob Morton                                20,266,666        5.46% 
    Total                                     202,548,947       54.59% 
   ----------------------------------------  -------------  -------------- 
 
 
   In addition, Hawk Investment Holdings Limited has investments in Porta Communications Plc. 
 
   The interests of WFCA Directors in share options are: 
                           Date      Exercise     Expiry    Exercise      Number 
                         of Grant       Date       Date       Price      at 1.07.11 
                                                                        and 30.04.12 
    STEPHEN LATTER       27.7.09      1.7.10     30.6.18       2p        1,000,000 
      27.7.09      26.7.10              25.7.18                2p        1,000,000 
       1.4.10      31.3.12              30.3.20                2p         500,000 
    RODGER BRAIDWOOD     27.7.09      5.4.10      4.4.18       2p         850,000 
    ROBERT HAMER         27.7.09      26.7.10    25.7.18       2p        1,000,000 
 
 
   No share options held by the directors expired or lapsed and no options were granted, for 
   the year ending 30 April 2012. 
--------------------------------------------------------------------------------------------- 
 

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 3 for each additional class of relevant security.

Details of any open derivative or option positions, 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: 
  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 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  --- 
 
 
 Date of disclosure:    21 AUGUST 2012 
---------------------  --------------- 
 Contact name:          Stephen Latter 
---------------------  --------------- 
 Telephone number:      01892 703 201 
---------------------  --------------- 
 

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 dealing 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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