TIDMBRT
RNS Number : 1110H
Brightside Group PLC
14 May 2014
FORM 8 (OPD)
AMENDMENT CHANGE TO SECTION 3
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: Brightside Group plc
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(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
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Brightside Group 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
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(e) Date position held: 13(th) May 2014
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(f) Has the party previously disclosed, or is it today disclosing, under the Code in respect No
of any other party to this offer?
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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:
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Interests Short positions
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Number % Number %
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(1) Relevant securities owned and/or controlled:
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(2) Derivatives (other than options):
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(3) Options and agreements to purchase/sell:
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Nil Nil
TOTAL:
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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: None
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Details, including nature of the rights concerned and relevant percentages: N/A
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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):
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Nil
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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:
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The Directors of Brightside Group plc (the "Company") have the following interests in the
Company:
Director No. of Shares % of issued
share capital
Paul Williams 0 0.00%
Paul Chase-Gardener 40,566,205* 8.08%*
Christopher
Fay 2,400,000 0.48%
Helen Molyneux 4,177,500 0.83%
Julian Telling 415,682 0.08%
Stuart Palmer 187,500 0.04%
Paul Chase-Gardener holds 39,626,205 ordinary shares in the Company through Rene Nominees,
Rock Nominees and the Self Invested Pension Plan of his wife, Jane Chase-Gardener, holds 940,000
ordinary shares in the Company. These shareholdings in total amount to 40,566,205 ordinary
shares and represents 8.08% of the issued share capital of the Company.
The Directors of the Company have the following interests in options over unissued ordinary
shares in the Company:
Director No. of Exercise Earliest Date of
shares price date of expiry
to which (p) exercise
options
relate
Paul Chase-Gardener 4,000,000 24.0 22/11/2014 28/07/2020
Paul Chase-Gardener 774,575 24.0 22/11/2014 28/07/2020
Christopher
Fay 600,000 24.0 22/11/2014 28/07/2020
Christopher
Fay 231,485 24.0 22/11/2014 28/07/2020
Helen Molyneux 250,000 27.5 22/07/2010 22/07/2018
In addition to the above Paul Williams has
options over 6,250,000 ordinary shares at
a price of 20p per ordinary share the (the
"Option"). The Option may be exercised in
respect of 2,250,000 ordinary shares on
or at any time after 24 August 2014; 1,500,000
ordinary shares on or at any time after
24 August 2015; and in respect of the remaining
2,500,000 ordinary shares on or at any time
after 24 August 2016. The Option may not
be exercised after 24 February 2024 and
shall lapse on 24 February 2024 to the extent
that it has not been exercised by that date.
finnCap Ltd, broker to the Company, has
zero ordinary shares (0%).
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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"
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None
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(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"
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None
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) No
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Supplemental Form 8 (SBL) No
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Date of disclosure: 14(th) May 2014
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Contact name: David Herrmann
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Telephone number: 02380 206810
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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 monitoring@disclosure.org.uk. The Panel's Market
Surveillance Unit is available for consultation in relation to the
Code's dealing 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 company news service from the London Stock Exchange
END
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