TIDMIEL TIDMIIP

RNS Number : 1120L

Indian Energy Limited

26 July 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 offer   Indian Energy Ltd ("IEL") 
     making the disclosure: 
     (b) Owner or controller of interests     N/A 
     and short positions disclosed, if 
     different from 1(a): The naming of 
     nominee or vehicle companies is 
     insufficient 
                                             --------------------------------- 
     (c) Name of offeror/offeree in           Infrastructure India plc ("IIP") 
     relation to whose relevant securities 
     this form relates: Use a separate form 
     for each party to the offer 
                                             --------------------------------- 
     (d) Is the party to the offer making     OFFEREE 
     the disclosure the offeror or the 
     offeree? 
                                             --------------------------------- 
     (e) Date position held:                  21 July 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: 
                                                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): 
 Irrevocable undertakings to vote in favour of the 
  scheme of arrangement (via which the offer is being 
  undertaken) from: 
  (a) the directors of IEL in respect of 1,742,519 shares 
  representing c. 6.83% of the existing share capital 
  of IEL; and 
  (b) Utilico Emerging Markets Limited ("Utilico") in 
  respect of its holdings at the Voting Record Time 
  (as defined in the announcement of the offer issued 
  by IIP and IEL on 21 July 2011). Utilico currently 
  holds 5,197,792 shares in IEL, representing c. 20.38% 
  of the existing share capital of IEL. 
 

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: 
 Name Number of IIP Shares Percentage of IIP share 
  capital 
  Arden Partners plc Nil Nil 
  Espirito Santo Nil Nil 
  Utilico Emerging Markets Limited is a 20.38 % holder 
  in IEL and is considered to be acting in concert with 
  IEL. 
  Name Number of IIP Shares Percentage of IIP share 
  capital 
  Utilico Emerging Markets Limited 8,951,360 5.94% 
 

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:    21 July 2011 
 Contact name:          Rupert Strachwitz 
                       ------------------ 
 Telephone number:      +44 20 3411 3640 
                       ------------------ 
 

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

FEELLFESDEIRFIL

Indian Energy (LSE:IEL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse Indian Energy
Indian Energy (LSE:IEL)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse Indian Energy