UK markets closed
  • FTSE 100

    7,232.65
    +64.00 (+0.89%)
     
  • FTSE 250

    18,592.95
    -44.03 (-0.24%)
     
  • AIM

    875.60
    +0.39 (+0.04%)
     
  • GBP/EUR

    1.1610
    +0.0017 (+0.15%)
     
  • GBP/USD

    1.2107
    +0.0004 (+0.04%)
     
  • BTC-GBP

    16,358.79
    +557.05 (+3.53%)
     
  • CMC Crypto 200

    428.93
    +8.79 (+2.09%)
     
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • DOW

    31,097.26
    +321.86 (+1.05%)
     
  • CRUDE OIL

    110.41
    +1.98 (+1.83%)
     
  • GOLD FUTURES

    1,807.10
    +5.60 (+0.31%)
     
  • NIKKEI 225

    26,153.81
    +218.19 (+0.84%)
     
  • HANG SENG

    21,830.35
    -29.44 (-0.13%)
     
  • DAX

    12,773.38
    -39.65 (-0.31%)
     
  • CAC 40

    5,954.65
    +23.59 (+0.40%)
     

FIRSTGROUP PLC - Form 8 (OPD) - Firstgroup Plc

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·4-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

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:

FIRSTGROUP 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:
Use a separate form for each offeror/offeree

FIRSTGROUP PLC

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:
The latest practicable date prior to the disclosure

6 June 2022

(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

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:

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

Nil

Nil

Nil

(2) Cash-settled derivatives:

Nil

Nil

Nil

Nil

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

Nil

Nil

Nil


TOTAL:

Nil

Nil

Nil

Nil

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:

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 (including directors’ and other employee options) of any person acting in concert with the party to the offer making the disclosure:

FirstGroup plc ordinary shares held by directors of FirstGroup plc

Name of director

Number of FirstGroup plc ordinary shares held

Percentage of total issued share capital (excluding treasury shares) (%)

Graham Sutherland

Nil

0.00%

Julia Steyn

Nil

0.00%

David Martin1

300,000

0.04%

Ryan Mangold2

281,419

0.04%

Peter Lynas3

60,000

0.01%

Jane Lodge4

15,000

0.00%

Claire Hawkings

Nil

0.00%

Anthony Green5

1,542

0.00%

Myrtle Dawes

Nil

0.00%

Sally Cabrini

Nil

0.00%

Warwick Brady6

108,701

0.01%


1 all held by a close relative.
2 including shares beneficially owned by a close relative.
3 held through a HSBC Direct product.
4 held in a Standard Life SIPP.
5 held via a Computershare Nominee.
6 held via an Investec ISA and General Investment Account.

Options held by directors of FirstGroup plc in FirstGroup plc ordinary shares

Ryan Mangold

Name

Grant Date

Number of FirstGroup plc ordinary shares in respect of which options granted

Exercise price

Exercise Period

LTIP

19 August 2019

765,175

nil

1 April 2022 – 1 April 2023

LTIP

24 September 2020

1,962,274

nil

1 April 2023 – 1 April 2024

LTIP

2 August 2021

934,274

nil

1 April 2024 – 1 April 2025


The LTIP awards granted as conditional nil cost options are subject to performance conditions and are operated in accordance with the plan rules and in some circumstances the Remuneration Committee may amend the exercise periods shown above.

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:

8 June 2022

Contact name:

David Blizzard

Telephone number:

020 7291 0505

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.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting