TIDMEDD
RNS Number : 6584C
Education Development Intl PLC
09 March 2011
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 Education Development International
offer making the disclosure: 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
--------------------------------------
(c) Name of offeror/offeree in Education Development International
relation to whose relevant PLC
securities this form relates: Use
a separate form for each party to
the offer
--------------------------------------
(d) Is the party to the offer OFFEREE
making the disclosure the offeror
or the offeree?
--------------------------------------
(e) Date position held: 8 March 2011
--------------------------------------
(f) Has the party previously No
disclosed, or is it today
disclosing, under the Code in
respect 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: 1p ordinary share
Interests Short positions
------------ ------------------
Number % Number %
-------- ------------- ---
(1) Relevant securities owned and/or Nil Nil
controlled:
-------- ------------- ---
(2) Derivatives (other than options): Nil Nil
-------- ------------- ---
(3) Options and agreements to Nil Nil
purchase/sell:
-------- ------------- ---
TOTAL: Nil Nil
-------- ------------- ---
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 N/A
right exists:
Details, including nature of the rights concerned N/A
and relevant percentages:
----
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):
None
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:
The following outlines the number of ordinary shares
in the Offeree held by the Offeree directors:
Richard Price - 1,489,000 (2.64%)
Nigel Snook - 3,216,437 (5.71%)
Dr Jenifer Moody - 50,714 (0.09%)
Sir Bryan Nicholson - 265,000 (0.47%)
Barrie Clark - 502,222 (0.89%)
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:
Number of
securities
Product to which Exercise
Name of Class of description option or price
security relevant e.g. call derivative per Start date Expiry
holder security option relates unit . date
Unapproved
Executive
Nigel Ord Share Share
Snook 1p each Option 100,000 12.5p 30/09/2010 29/09/2015
---------- ------------- ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 150,000 12.5p 30/09/2011 29/09/2015
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 500,000 12.5p 30/09/2012 29/09/2015
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 550,000 15.0p 30/09/2011 29/09/2014
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 100,000 15.0p 30/09/2012 29/09/2015
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 500,000 139.0p 24/11/2013 23/11/2019
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Goal 2000 Sharesave
1p each Scheme 8,160 111.2p 01/02/2013 31/07/2013
---------- ------------------------ ----------- --------- ----------- -----------
Number of
securities
Product to which Exercise
Name of Class of description option or price
security relevant e.g. call derivative per Expiry
holder security option relates unit Start date date
Unapproved
Executive
Ord Share Share
Paul Bird 1p each Option 300,000 40.75p 05/06/2011 05/06/2014
---------- ------------- ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 100000 139.0 24/11/2012 23/11/2019
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 10,000 139.0p 24/11/2013 23/11/2019
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Goal 2000 Sharesave
1p each Scheme 8,160 111.2p 01/02/2013 31/07/2013
---------- ------------------------ ----------- --------- ----------- -----------
Number of
securities
Product to which Exercise
Name of Class of description option or price
security relevant e.g. call derivative per Expiry
holder security option relates unit Start date date
Unapproved
Dr Executive
Jenifer Ord Share Share
Moody 1p each Option 25,000 12.5p 01/12/2008 30/11/2015
---------- ------------- ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 25,000 12.5p 01/12/2009 30/11/2015
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 112,000 28.0p 23/07/2010 23/07/2017
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 100,000 139.0 24/11/2012 23/11/2019
---------- ------------------------ ----------- --------- ----------- -----------
Ord Share Unapproved Executive
1p each Share Option 100,000 139.0 24/11/2013 23/11/2019
---------- ------------------------ ----------- --------- ----------- -----------
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"
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: 9 March 2011
Contact name: EDI - Nigel Snook - Paul Bird Brewin Dolphin
(Financial adviser and coporate broker to
EDI) - Matt Davis - Iain Marlow
--------------------------------------------------------
Telephone number: EDI: +44 (0)24 7651 6510
Brewin Dolphin: +44 (0)20 7248 4400
--------------------------------------------------------
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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