REG - Takeover Panel - Disclosure Table

Accrol groupAnnouncement

24/05/2024 12:45

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RNS Number : 8638P  Takeover Panel  24 May 2024

 THE TAKEOVER PANEL - DISCLOSURE TABLE

 

 24 May 2024

 

 The following are today's changes to the Disclosure Table:

 

 ADDITIONS

 

 None

 

 DELETIONS

 

 OFFEREE: Accrol Group Holdings plc
 Offer period commenced: 07:00 22-Mar-2024
 0.1p ordinary  ISIN: GB00BZ6VT592  NSI: 335,444,589
 OFFEROR: Navigator Paper UK Limited (an indirect wholly owned subsidiary of
 The Navigator Company, S.A.)
 Offeror identified: 07:00 22-Mar-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEROR: Viavi Solutions Acquisitions Limited (a company indirectly owned by
 Viavi Solutions Inc.) (potential offeror for Spirent Communications plc)
 Offeror identified: 07:00 05-Mar-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OTHER AMENDMENTS

 

 OFFEREE: Capital & Regional plc
 Offer period commenced: 08:46 23-May-2024
 10p ordinary  ISIN: GB00BL6XZ716  NSI: 224,906,731
 OFFEROR: Vukile Property Fund Limited
 Offeror identified: 08:46 23-May-2024
 Rule 2.6 deadline: 17:00 20-Jun-2024
 Ordinary NPV  ISIN: ZAE000180865  NSI: 1,104,719,779

 

 DISCLOSURE TABLE

 

 OFFEREE: Advanced Oncotherapy plc
 Offer period commenced: 07:00 18-Apr-2023
 25p ordinary                                                      ISIN: GB00BD6SX109  NSI: 542,573,869
 Senior secured fixed rate convertible loan notes 11 January 2024                      NSI: 6,379,725
 OFFEROR: No named offeror

 

 OFFEREE: Alpha Financial Markets Consulting plc
 Offer period commenced: 10:45 01-May-2024
 0.075p ordinary  ISIN: GB00BF16C058  NSI: 122,009,736
 OFFEROR: Bridgepoint Advisers Limited
 Offeror identified: 10:45 01-May-2024
 Rule 2.6 deadline: 17:00 29-May-2024
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Anglo American plc
 Offer period commenced: 23:44 24-Apr-2024
 USD 0.54945 ordinary  ISIN: GB00B1XZS820  NSI: 1,337,577,913
 ADR                   ISIN: US03485P3001
 OFFEROR: BHP Group Limited
 Offeror identified: 23:44 24-Apr-2024
 Rule 2.6 deadline: 17:00 29-May-2024
 Ordinary NPV          ISIN: AU000000BHP4  NSI: 5,071,530,817
 ADR                   ISIN: US0886061086

 

 OFFEREE: Balanced Commercial Property Trust Limited
 Offer period commenced: 07:00 15-Apr-2024
 1p ordinary  ISIN: GG00B4ZPCJ00  NSI: 701,550,187
 OFFEROR: No named offeror

 

 OFFEREE: Benchmark Holdings plc
 Offer period commenced: 07:00 22-Jan-2024
 0.1p ordinary  ISIN: GB00BGHPT808  NSI: 739,751,355
 OFFEROR: No named offeror

 

 OFFEREE: Capital & Regional plc
 Offer period commenced: 08:46 23-May-2024
 10p ordinary  ISIN: GB00BL6XZ716  NSI: 224,906,731
 OFFEROR: Vukile Property Fund Limited
 Offeror identified: 08:46 23-May-2024
 Rule 2.6 deadline: 17:00 20-Jun-2024
 Ordinary NPV  ISIN: ZAE000180865  NSI: 1,104,719,779
 OFFEROR: NewRiver REIT plc
 Offeror identified: 08:46 23-May-2024
 Rule 2.6 deadline: 17:00 20-Jun-2024
 1p ordinary   ISIN: GB00BD7XPJ64  NSI: 313,686,292

 

 OFFEREE: Cykel AI plc
 Offer period commenced: 08:00 19-Jan-2024
 0.1p ordinary                             ISIN: GB00BPTJZN05  NSI: 205,183,350
 Warrants 1p 25/10/2026                                        NSI: 48,000,000
 Warrants 3p 25/10/2028                                        NSI: 11,385,170
 OFFEROR: Mustang Energy plc
 Offeror identified: 08:00 19-Jan-2024
 Rule 2.6 deadline: N/A
 0.1p ordinary                             ISIN: GB00BJ9MHH56  NSI: 12,161,966
 Warrants 30p 15/11/2024                                       NSI: 636,986
 Unsecured Convertible Loan Notes 31/5/24                      GBP: 200,000

 

 OFFEREE: Darktrace plc
 Offer period commenced: 08:11 26-Apr-2024
 1p ordinary  ISIN: GB00BNYK8G86  NSI: 700,396,071
 OFFEROR: Luke Bidco Limited (a newly-formed company indirectly wholly-owned by
 funds managed and/or advised by Thoma Bravo, L.P.)
 Offeror identified: 08:11 26-Apr-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Equals Group plc
 Offer period commenced: 13:39 01-Nov-2023
 1p ordinary  ISIN: GB00BLS0XX25  NSI: 187,627,898
 OFFEROR: Madison Dearborn Partners, LLC
 Offeror identified: 13:39 01-Nov-2023
 Rule 2.6 deadline: 17:00 12-Jun-2024
 Disclosure of dealings and positions in this offeror is not required
 OFFEROR: A consortium comprising Embedded Finance Limited and TowerBrook
 Capital Partners (U.K.) LLP
 Offeror identified: 09:57 20-Mar-2024
 Rule 2.6 deadline: 17:00 12-Jun-2024
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: FireAngel Safety Technology Group plc
 Offer period commenced: 07:02 06-Jun-2023
 2p ordinary           ISIN: GB0030508757  NSI: 302,321,822
 Warrant 3p June 2026                      NSI: 60,355,529
 OFFEROR: Intelligent Safety Electronics Pte. Ltd (a company incorporated in
 Singapore and wholly-owned by Siterwell Electronics Co., Ltd)
 Offeror identified: 07:00 27-Oct-2023
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: GCP Asset Backed Income Fund Limited
 Offer period commenced: 07:00 13-Dec-2023
 Ordinary NPV  ISIN: JE00BYXX8B08  NSI: 425,626,059
 OFFEROR: No named offeror

 

 OFFEREE: Gresham Technologies plc
 Offer period commenced: 07:00 09-Apr-2024
 5p ordinary  ISIN: GB0008808825  NSI: 83,874,458
 OFFEROR: Alliance Bidco Ltd (a company owned indirectly by funds managed or
 advised by STG Partners, LLC)
 Offeror identified: 07:00 09-Apr-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Hargreaves Lansdown plc
 Offer period commenced: 18:06 22-May-2024
 0.4p ordinary  ISIN: GB00B1VZ0M25  NSI: 474,318,625
 OFFEROR: A consortium comprising CVC Advisers Limited, Nordic Capital XI
 Delta, SCSP (acting through its general partner Nordic Capital XI Delta GP
 SARL) and Platinum Ivy B 2018 RSC limited (a wholly-owned subsidiary of Abu
 Dhabi Investment Authority managed by its Private Equities investment
 department)
 Offeror identified: 18:06 22-May-2024
 Rule 2.6 deadline: 17:00 19-Jun-2024
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Hipgnosis Songs Fund Limited
 Offer period commenced: 07:00 18-Apr-2024
 ordinary  ISIN: GG00BFYT9H72  NSI: 1,209,214,286
 OFFEROR: Lyra Bidco Limited (a company indirectly wholly-owned by investment
 funds advised by affiliates of Blackstone Inc.)
 Offeror identified: 13:57 20-Apr-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: International Distributions Services plc
 Offer period commenced: 11:33 17-Apr-2024
 1p ordinary  ISIN: GB00BDVZYZ77  NSI: 958,293,475
 OFFEROR: EP Corporate Group a.s.
 Offeror identified: 11:33 17-Apr-2024
 Rule 2.6 deadline: 17:00 29-May-2024
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: IQGeo Group plc
 Offer period commenced: 10:28 14-May-2024
 2p ordinary  ISIN: GB00B3NCXX73  NSI: 61,801,488
 OFFEROR: Geologist Bidco Limited (a newly formed company wholly-owned by funds
 advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates)
 Offeror identified: 10:28 14-May-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Keywords Studios plc
 Offer period commenced: 23:04 18-May-2024
 1p ordinary  ISIN: GB00BBQ38507  NSI: 79,551,831
 OFFEROR: EQT Group
 Offeror identified: 23:04 18-May-2024
 Rule 2.6 deadline: 17:00 15-Jun-2024
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Lakes Distillery Company plc, The (See Note 9 below)
 Offer period commenced: 09:00 02-Apr-2024
 2p ordinary      NSI: 37,894,799
 OFFEROR: Nyetimber Wines and Spirits Group Limited
 Offeror identified: 09:00 02-Apr-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Libertine Holdings plc
 Offer period commenced: 07:00 29-Apr-2024
 0.1p ordinary  ISIN: GB00BN6PSG15  NSI: 139,219,010
 OFFEROR: No named offeror

 

 OFFEREE: Lok'n Store Group plc
 Offer period commenced: 07:00 11-Apr-2024
 1p ordinary  ISIN: GB0007276115  NSI: 32,897,949
 OFFEROR: Shurgard Self Storage Ltd
 Offeror identified: 07:00 11-Apr-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Mattioli Woods plc
 Offer period commenced: 07:00 08-Mar-2024
 1p ordinary  ISIN: GB00B0MT3Y97  NSI: 52,010,569
 OFFEROR: Tiger Bidco Limited (a wholly-owned subsidiary of investment vehicles
 advised and managed by Pollen Street Capital Limited)
 Offeror identified: 07:00 08-Mar-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Mission Group plc, The
 Offer period commenced: 10:00 12-May-2024
 10p ordinary  ISIN: GB00B11FD453  NSI: 92,238,119
 OFFEROR: Brave Bison Group plc
 Offeror identified: 10:00 12-May-2024
 Rule 2.6 deadline: 17:00 09-Jun-2024
 1p ordinary   ISIN: GB00BF8HJ774  NSI: 1,288,147,280

 

 OFFEREE: musicMagpie plc
 Offer period commenced: 07:00 20-Nov-2023
 1p ordinary  ISIN: GB00BKY4XG48  NSI: 107,808,287
 OFFEROR: No named offeror

 

 OFFEREE: Network International Holdings plc
 Offer period commenced: 14:05 13-Apr-2023
 10p ordinary  ISIN: GB00BH3VJ782  NSI: 532,748,593
 OFFEROR: BCP VI Neptune Bidco Holdings Limited (an entity indirectly owned by
 Brookfield Business Partners together with private equity funds managed and/or
 advised by affiliates of Brookfield Asset Management Ltd)
 Offeror identified: 07:00 21-Apr-2023
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Redrow plc
 Offer period commenced: 07:01 07-Feb-2024
 10.5p ordinary  ISIN: GB00BG11K365  NSI: 330,770,245
 OFFEROR: Barratt Developments plc
 Offeror identified: 07:01 07-Feb-2024
 Rule 2.6 deadline: N/A
 10p ordinary    ISIN: GB0000811801  NSI: 974,592,261

 

 OFFEREE: Renalytix plc
 Offer period commenced: 07:00 04-Mar-2024
 0.25p ordinary  ISIN: GB00BYWL4Y04  NSI: 154,368,191
 ADS             ISIN: US75973T1016
 OFFEROR: No named offeror

 

 OFFEREE: Revolution Bars Group plc
 Offer period commenced: 07:00 26-Mar-2024
 0.1p ordinary  ISIN: GB00BVDPPV41  NSI: 230,048,520
 OFFEROR: Nightcap plc
 Offeror identified: 07:00 02-May-2024
 Rule 2.6 deadline: 17:00 30-May-2024
 1p ordinary    ISIN: GB00BLKGVD49  NSI: 234,550,656

 

 OFFEREE: Smith (DS) plc
 Offer period commenced: 10:16 08-Feb-2024
 10p ordinary  ISIN: GB0008220112  NSI: 1,379,431,246
 OFFEROR: International Paper Company
 Offeror identified: 17:30 26-Mar-2024
 Rule 2.6 deadline: N/A
 common stock  ISIN: US4601461035  NSI: 347,323,080

 

 OFFEREE: Spirent Communications plc
 Offer period commenced: 07:00 05-Mar-2024
 3 1/3p ordinary  ISIN: GB0004726096  NSI: 578,646,363
 ADR              ISIN: US84856M2098
 OFFEROR: Keysight Technologies Inc.
 Offeror identified: 07:00 28-Mar-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: STM Group plc
 Offer period commenced: 07:00 11-Jul-2023
 0.1p ordinary  ISIN: IM00B1S9KY98  NSI: 59,408,088
 OFFEROR: Jambo SRC Limited
 Offeror identified: 07:00 11-Jul-2023
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: TClarke plc
 Offer period commenced: 07:00 16-Apr-2024
 10p ordinary  ISIN: GB0002015021  NSI: 52,877,376
 OFFEROR: Regent Acquisitions Limited
 Offeror identified: 07:00 16-Apr-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Trinity Exploration & Production plc
 Offer period commenced: 07:00 01-May-2024
 USD 0.01 ordinary  ISIN: GB00BN7CJ686  NSI: 38,802,994
 OFFEROR: Touchstone Exploration Inc.
 Offeror identified: 07:00 01-May-2024
 Rule 2.6 deadline: N/A
 Common NPV         ISIN: CA89156L1085  NSI: 234,386,061

 

 OFFEREE: Tyman plc
 Offer period commenced: 07:00 22-Apr-2024
 5p ordinary  ISIN: GB00B29H4253  NSI: 196,322,249
 OFFEROR: Quanex Building Products Corporation
 Offeror identified: 07:00 22-Apr-2024
 Rule 2.6 deadline: N/A
 Common       ISIN: US7476191041  NSI: 33,111,593

 

 OFFEREE: Virgin Money UK plc
 Offer period commenced: 07:00 07-Mar-2024
 10p ordinary  ISIN: GB00BD6GN030  NSI: 1,296,472,686
 CDI           ISIN: AU0000064966
 OFFEROR: Nationwide Building Society
 Offeror identified: 07:00 07-Mar-2024
 Rule 2.6 deadline: N/A
 Disclosure of dealings and positions in this offeror is not required

 

 OFFEREE: Wood Group (John) plc
 Offer period commenced: 12:16 08-May-2024
 4 2/7p ordinary  ISIN: GB00B5N0P849  NSI: 691,839,369
 OFFEROR: Dar Al-Handasah Consultants Shair and Partners Holdings Ltd
 Offeror identified: 12:16 08-May-2024
 Rule 2.6 deadline: 17:00 05-Jun-2024
 Disclosure of dealings and positions in this offeror is not required

 

 Notes:

 

 1.  Rule 8 of the Takeover Code (the "Code") sets out the circumstances in which
     Dealing Disclosures and/or Opening Position Disclosures are required to be
     made by the parties to an offer, persons acting in concert with them, persons
     with an interest in relevant securities of 1% or more and exempt principal
     traders ("EPTs") connected with the parties to an offer.
 2.  Where an offeror is marked "Disclosure of dealings and positions in this
     offeror is not required", dealings and positions in relevant securities of
     that offeror are not required to be disclosed under Rule 8. This is either
     because it has been announced that the offer or possible offer is, or is
     likely to be, solely in cash or because disclosure is not required for some
     other reason.
 3.  Dealings and positions required to be disclosed under Rule 8 of the Code
     include dealings and positions in derivatives referenced to, and options in
     respect of, relevant securities of an offeree company and, where appropriate,
     an offeror (see Note 2 above).
 4.  The information set out in the Disclosure Table relating to the relevant
     securities in issue of an offeree company or of an offeror (and any amendments
     thereto) has been extracted from the relevant announcement made by such
     company under Rule 2.9 of the Code. Similarly, details of any deadline set
     under Rule 2.6 by which a potential offeror must announce either a firm
     intention to make a bid or that it does not intend to make an offer (or, in
     the case of Rule 2.6(a), by which the Panel must consent to an extension of
     the deadline) has been extracted from the relevant announcement made by the
     offeree company.
 5.  Additions and deletions of offeree companies and offerors are reflected in the
     Disclosure Table throughout the day, following the relevant announcement.
     Other amendments may also be made throughout the day. In any event, details of
     the classes of relevant securities issued by an offeree or offeror company,
     the number of such securities in issue ("NSI") and the International
     Securities Identification Number ("ISIN") of such securities announced under
     Rule 2.9 of the Code before 5.00 pm each day will be included in the final
     version of the Disclosure Table by 5.30 pm that day. The final version of the
     Disclosure Table issued each day will be marked "Final" and persons required
     to make Dealing Disclosures and Opening Position Disclosures are advised to
     use that final version. Any changes to a potential offeror's Rule 2.6 deadline
     will also be reflected in the "Final" version of the Disclosure Table,
     although any such changes will not be shown in the "Amendments" section at the
     top of the Disclosure Table.
 6.  Dealing Disclosures by the parties to an offer, persons acting in concert with
     them and connected EPTs must be made by no later than 12 noon on the business
     day (as defined in the Code) following the date of the relevant dealing and
     Dealing Disclosures by persons with an interest in relevant securities of 1%
     or more must be made by 3.30 pm on the business day following the date of the
     relevant dealing.
 7.  Opening Position Disclosures by the parties to an offer and by connected EPTs
     must be made by no later than 12 noon on the 10th business day after the
     commencement of the offer period or the announcement that first identifies an
     offeror (as the case may be). Where required, Opening Position Disclosures by
     persons with interests in relevant securities of 1% or more must be made by no
     later than 3.30 pm on the 10th business day after the commencement of the
     offer period or the announcement that first identifies an offeror (as the case
     may be). Details of the time and date at which an offer period commenced and
     at which an offeror was first identified are set out in the Disclosure Table.
     In order to calculate the deadline for Opening Position Disclosures, it is
     therefore necessary to count forward 10 business days from the relevant date.
 8.  Opening Position Disclosures and Dealing Disclosures required under Rule 8 of
     the Code must be made to a Regulatory Information Service ("RIS").
 9.  This Note is applicable if it says "See Note 9 below" by the name of the
     company in the Disclosure Table above.  The Executive has granted the company
     a dispensation from the requirements under the Code that announcements must be
     published via a RIS. The company is instead required to publish all
     announcements on its website. The Executive has also granted a dispensation
     from Note 3 on Rule 8 of the Code that disclosures made under Rule 8 of the
     Code must be made to a RIS. Therefore, Opening Position Disclosures and
     Dealing Disclosures required under Rule 8 of the Code may be made to the
     company at the address stated in the announcement that commenced the offer
     period.

 

 10.  The following are approved Regulatory Information Services:
 .    Business Wire Regulatory Disclosure provided by Business Wire  +44 (0)20 7626 1982
 .    GlobeNewswire provided by GlobeNewswire UK Limited             +44 (0)20 3753 2071
 .    PR Newswire Disclose provided by Cision Group Ltd              +44 (0)20 7454 5210
 .    RNS provided by the London Stock Exchange                      +44 (0)20 7797 4400
 .    EQS COCKPIT provided by EQS Group AG                           +44 (0)20 3141 3940

 

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