LONDON–(BUSINESS WIRE)–
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/TREATMENT DISCLOSURE BY
A PERSON WITH AN INTEREST IN THE RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Code of Engagement (the “Code”)
1. KEY INFORMATION
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(a) Full name of the discoverer: |
Bardin Hill Arbitrage IC Management LP, Bardin Hill Arbitrage UCITS Management LP on behalf of discretionary clients |
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(b) The owner or controller of the interests and short positions disclosed, if different from 1(a): Naming nominees or vehicle companies is insufficient. For a trust, the trustee(s), settlor(s) and beneficiaries must be named. |
N/A |
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(c) Name of the offeror/offerer in relation to the relevant securities to which this form relates: Use a separate form for each provider/bidder |
SNN.LN
Sanne Group PLC |
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(d) If an exempt fund manager is affiliated with a provider/provider, state this and specify the identity of the provider/provider: |
N/A |
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(e) Date of position held/deal: For opening position disclosures, enter the latest practical date before the disclosure |
July 8, 2022 |
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(f) Apart from the company in 1(c) above, does the discloser provide information about any other party to the offer? If it is a cash offer or possible cash offer, mark “N/A” |
No. |
2. POSITIONS OF PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclosure in more than one class of relevant securities of the offeror or of the offeror referred to in 1(c), copy table 2 (a) or (b) (as case) for each additional class of affiliation. safety.
(a) Interests and short positions in the offeror’s or offeree’s relevant securities to which the post-agreement disclosure relates (if any)
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Relevant security class:
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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) Cash-settled derivatives:
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1,964,780 |
1.2065% |
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(3) Equity-settled derivatives (including options) and buy/sell agreements: |
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TOTAL: |
1,964,780 |
1.2065% |
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All interests and all short positions must be disclosed.
Details of any open equity-settled derivative positions (including traded options), or agreements to buy or sell related securities, must be given on Supplementary Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including options of directors and other employees)
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The class of the relevant paper in respect of which the subscription right exists: |
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Details, including the nature of the rights in question and the respective percentages: |
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3. AGREEMENTS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been transactions in more than one class of relevant securities of the offeror or of the offeror referred to in 1(c), copy Table 3(a), (b), (c) or (d) (as the case may be) for each addition the corresponding security class handled.
The currency of all prizes and other monetary amounts must be indicated.
(a) Purchases and sales
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Corresponding security class |
Buying/selling
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Number of securities |
Price per unit |
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(b) Cash-settled derivative transactions
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Corresponding security class |
Product description eg CFD |
Nature of the agreement eg open/close a long/short position, increase/decrease a long/short position |
Number of reference securities |
Price per unit |
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THE EXCHANGE |
THE EXCHANGE
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Increasing a long position |
20,000 |
9.06 (GBP) |
(c) Equity-settled derivative transactions (including options)
(i) Write, sell, buy or change
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Corresponding security class |
Product description eg call option |
Writing, buying, selling, changing, etc. |
The number of securities to which the option is linked |
Exercise price per unit |
Business eg American, European, etc. |
Expiration date |
Option money paid/received per unit |
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(ii) exercising
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Corresponding security class |
Product description eg call option |
It is exercised/ exercised against |
Number of securities |
Exercise price per unit |
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(d) Other agreements (including underwriting new securities)
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Corresponding security class |
Nature of the agreement eg subscription, conversion |
The details |
Unit Price (if applicable) |
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4. OTHER INFORMATION
(a) Indemnification and other settlement agreements
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Details of any indemnification or option agreement, or any agreement or understanding, formal or informal, in relation to the relevant securities which may be an inducement to take or refrain from the related transactions by the person making disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, mark “none” |
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(b) Agreements, arrangements or understandings relating to options or derivatives
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Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of each relevant security under each option; or (ii) voting rights or future acquisition or disposal of any relevant security to which any derivative refers: If there are no such agreements, arrangements or understandings, mark “none” |
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(c) Annexes
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Is a Supplemental Form 8 (Open Positions) attached? |
No. |
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Date of discovery: |
July 11, 2022 |
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Contact name: |
Suzanne McDermott |
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Phone number*: |
001 212 303 9498 |
Public disclosures under Rule 8 of the Code must be made to the 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.
*If the declarant is a natural person, there is no need to include a telephone number, provided that contact information has been provided to the Panel’s Market Surveillance Unit.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
Category code: RET
Sequence number: 933501
Receive time (UTC offset): 20220711T145125+0100