Lndn & Stfd Prop plc LSP Form 8 - OPD - London & Stamford Property PLC

  Lndn & Stfd Prop plc (LSP) - Form 8 - OPD - London & Stamford Property PLC

RNS Number : 3381R
London & Stamford Property PLC
16 November 2012
 



Amendment: See amended shareholding for Patrick Vaughan and family.

                                                                              

                                                                  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 making the   London & Stamford Property
disclosure:                                         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
(c) Name of offeror/offeree in relation to whose    London & Stamford Property
relevant securities this form relates:              Plc

     Use a separate form for each party to the
offer
(d) Is the party to the offer making the disclosure OFFEROR
the offeror or the offeree?
(e) Date position held:                             14 November 2012
(f)  Has the party previously disclosed, or is it   Yes - Metric Property
today disclosing, under the Code in respect of any  Investment
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:                      10 pence ordinary shares

 
                                                 Interests Short positions

                                                 Number  %   Number    %
(1) Relevant securities owned and/or controlled:    -    -     -       -
(2) Derivatives (other than options):               -    -     -       -
(3) Options and agreements to purchase/sell:        -    -     -       -
                                                    -    -     -       -

     TOTAL:

 

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 right exists:  -
Details, including nature of the rights concerned 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):

 

The following London & Stamford Directors have given irrevocable  undertakings 
in respect of their entire beneficial  holdings of Ordinary Shares to vote  in 
favour of the resolutions  to be proposed  at the London  & Stamford   General 
Meeting to the  extent that they  are permitted to  vote on such  resolutions, 
amounting  in   aggregate   to  40,212,932   Ordinary   Shares,   representing 
approximately 7.41 per cent. of  London & Stamford's existing issued  ordinary 
share capital:

                                                                              
Name                      Ordinary shares held in   Percentage of issued share
                       London & Stamford Property capital of London & Stamford
                                              Plc                 Property Plc
Raymond Mould                          16,000,000                        2.95%
Patrick  Vaughan  and                  18,146,010                        3.34%
family
Martin McGann                           3,823,795                        0.70%
Charles Cayzer^1                              Nil                          Nil
Humphrey Price                          2,143,127                        0.39%
James Dean                                    Nil                          Nil
Richard Crowder                           100,000                        0.02%
Mark Burton                                   Nil                          Nil

 

 

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                   Ordinary shares held in      Percentage of issued share
                    London & Stamford Property    capital of London & Stamford
                                           Plc                    Property plc
Raymond Mould                       16,000,000                           2.95%
Patrick Vaughan and                 18,383,510                           3.39%
family
Martin McGann                        3,823,795                           0.70%
Charles Cayzer^1                           Nil                             Nil
Humphrey Price                       2,143,127                           0.39%
James Dean                                 Nil                             Nil
Richard Crowder                        100,000                           0.02%
Mark Burton                                Nil                             Nil

 

^1Charles Cayzer is a director of  Caledonia Investments and the Cayzer  Trust 
Company Ltd, which hold 33,497,094 and 2,785,506 Ordinary Shares  respectively 
(representing 6.17 per  cent. and 0.51  per cent. respectively  of the  issued 
share capital of London & Stamford Property Plc).

 

No director  of London  & Stamford  Property Plc  has any  interest in  Metric 
Property Investments Plc

 

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: 16 November 2012
        Contact name:       Jadzia Duzniak
        Telephone number:   02074849000

 

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
 
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