TIDMHDY

RNS Number : 2198W

Hardy Oil & Gas plc

09 December 2019

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:                                                                   Hardy Oil and Gas 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:       Hardy Oil and Gas plc 
  Use a separate form for each offeror/offeree 
                                                                                              ------------------------ 
 (d) Is the discloser the offeror or the offeree?                                              OFFEREE 
                                                                                              ------------------------ 
 (e) Date position held:                                                                       6 December 2019 
  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                                                                                        If YES, specify which: 
 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:                                                                USD 0.01 ordinary 
                                                                                      Interests       Short positions 
                                                                                   ---------------  ------------------ 
                                                                                    Number     %      Number       % 
                                                                                   --------  -----  ----------  ------ 
 (1) Relevant securities owned and/or controlled:                                     Nil     0.00      Nil      0.00 
                                                                                   --------  -----  ----------  ------ 
 (2) Cash-settled derivatives:                                                        Nil     0.00      Nil      0.00 
                                                                                   --------  -----  ----------  ------ 
 (3) Stock-settled derivatives (including options) and agreements to 
  purchase/sell:                                                                      Nil     0.00      Nil      0.00 
                                                                                   --------  -----  ----------  ------ 
 
   TOTAL:                                                                             Nil     0.00      Nil      0.00 
                                                                                   --------  -----  ----------  ------ 
 

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 in Hardy Oil and Gas plc's ordinary shares in which the directors of Hardy Oil 
             and Gas plc are interested (including family interests): 
             Class of relevant security: USD 0.01 ordinary 
              Director          Number of Ordinary   Percentage of 
                                 Shares held          total issued share 
                                                      capital 
              Richard Galvin                10,000   0.01% 
                               -------------------  -------------------- 
              Alasdair Locke             1,198,153   1.62% 
                               -------------------  -------------------- 
              Peter Milne                  319,595   0.43% 
                               -------------------  -------------------- 
 
 
             (b) Interests and short positions of Hardy Oil and Gas plc connected advisers in ordinary 
             shares of Hardy Oil and Gas plc: 
 
             (i) Arden Partners plc 
              Class of relevant security:                                  USD 0.01 ordinary 
                                                                     Interests       Short positions 
                                                                  ---------------  ------------------ 
                                                                   Number     %        Number      % 
                                                                  -------  ------  -------------  --- 
              (1) Relevant securities owned and/or controlled:     11,033   0.01% 
                                                                  -------  ------  -------------  --- 
              (2) Cash-settled derivatives: 
                                                                  -------  ------  -------------  --- 
              (3) Stock-settled derivatives (including options) 
              and agreements to purchase/sell: 
                                                                  -------  ------  -------------  --- 
 
               TOTAL:                                              11,033   0.01% 
                                                                  -------  ------  -------------  --- 
 

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:    9 December 2019 
 Contact name:          Richard Galvin 
                       --------------------- 
 Telephone number:      +44 (0) 1224 61 2900 
                       --------------------- 
 

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.

END

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December 09, 2019 06:29 ET (11:29 GMT)

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