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SDX Energy plc, as the offeree, made a Public Opening Position Disclosure on June 9, 2022, detailing its positions and those of persons acting in concert as of June 8, 2022, under the Takeover Code. The company itself reported no interests or short positions in its own relevant securities. Its six directors collectively held 5,040,636 ordinary shares, representing 2.47% of the 204,563,045 total issued ordinary shares, in addition to various outstanding Long-Term Incentive Plan awards and stock options with specified exercise prices and vesting/expiry dates.
| Date | 9 Jun 2022 |
| Time | 18:09:46 |
| Category | Holding(s) in company |
| ID | 3943O |
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
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(a) Full name of discloser: |
SDX Energy plc |
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(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. |
N/A |
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
SDX Energy plc |
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(d) Is the discloser the offeror or the offeree? |
OFFEREE |
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(e) Date position held: The latest practicable date prior to the disclosure |
8 June 2022 |
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(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
NO
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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
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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: |
None |
0 |
None |
0 |
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(2) Cash-settled derivatives:
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None |
0 |
None |
0 |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
None |
0 |
None |
0 |
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TOTAL: |
None |
0 |
None |
0 |
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
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Class of relevant security in relation to which subscription right exists: |
N/A |
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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
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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: |
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A. Interests in SDX Energy plc's ordinary shares in which the directors of SDX Energy plc are interested (including their close relatives and related trusts):
*Total number of ordinary shares issued by SDX Energy plc is 204,563,045 as of 8 June 2022. The percentages in the table have been rounded to the two nearest decimal places.
B. Interests in SDX Energy plc's outstanding awards and options in which the directors of SDX Energy plc are interested (including their close relatives and related trusts):
SDX Long-Term Incentive Plan
** Awards are granted subject to a three year performance period and are subject to the satisfaction of certain performance criteria.
SDX Stock Option Plan
C. Interests in SDX Energy plc's ordinary shares in which other concert parties of SDX Energy plc are interested:
None
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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
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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" |
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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 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?
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Supplemental Form 8 (Open Positions) |
NO |
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Supplemental Form 8 (SBL) |
NO |
Date of disclosure: |
9 June 2022 |
Contact name: |
Nick Box |
Telephone number: |
+ 44 (0) 203 219 5640 |
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.