REG - Zeus Capital Ltd Accrol Group Hldgs - Form 8 (DD) - Accrol Group Holdings PLC

Accrol groupAnnouncement

25/03/2024 11:00

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RNS Number : 1534I  Zeus Capital Ltd  25 March 2024

FORM 8 (DD)

This transaction has taken place as a consequence of book flattening. The
Panel Executive has informed Zeus Capital Limited on an ex-parte basis that
such transactions are permitted and have no Code consequences

 

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT
(INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                    Zeus Capital Limited
 (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 offeree in relation to whose relevant securities this form         Accrol Group Holdings plc
 relates:

 (d) Status of person making the disclosure:                                    Person acting in concert with offeree, Accrol Group Holdings plc

      e.g. offeror, offeree, person acting in concert with the
 offeror/offeree (specify name of offeror/offeree)
 (e) Date dealing undertaken:                                                   22(nd) March 2024
 (f)  In addition to the company in 1(c) above, is the discloser making         N/A
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following the dealing

 

 Class of relevant security:                                          Ordinary Shares of 0.1p - ISIN: GB00BZ6VT592

                                                                      Interests                   Short positions

                                                                      Number        %             Number        %
 (1) Relevant securities owned and/or controlled:                     3,100,405 *   0.97          0             0
 (2) Cash-settled derivatives:

 (3) Stock-settled derivatives (including options) and agreements to
 purchase/sell:
                                                                      3,100,405*    0.97          0             0

      TOTAL:

 

*This figure includes 905,943 shares owned by R Hughes, the majority
shareholder in Zeus Capital Limited

 

(b)        Rights to subscribe for new securities (including directors'
and other employee options)

 

 Class of relevant security in relation to which subscription right exists:   Ordinary Shares of 0.1p - ISIN: GB00BZ6VT592
 Details, including nature of the rights concerned and relevant percentages:  Zeus Capital Investment Limited (parent of Zeus Capital Limited) has a warrant
                                                                              with rights to subscribe for 2,790,361 Ordinary Shares at 100p per share. This
                                                                              warrant expires on 02 Jun 2026.

 

3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE

 

 

(a)        Purchases and sales

 

(i)         Party to an offer or person acting in concert (except for
a principal trader in the same group as a connected adviser)

 

 Class of relevant security  Purchase/sale  Number of securities  Price per unit

 Ordinary Shares             Sale           88,414                37.8p

 

(ii)        Principal trader where the sole reason for the connection
is that the principal trader is in the same group as a connected adviser

 

 Class of relevant security  Purchases/ sales  Total number of securities  Highest price per unit paid/received  Lowest price per unit paid/received

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

 Class of relevant security  Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number of securities to which option relates  Exercise price per unit  Type                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

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 or person acting in concert making the disclosure and any other
 person:

 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 or person acting in concert making the
 disclosure 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:  25(th) March 2023
 Contact name:        Niall Campbell
 Telephone number:    020 3829 5604

 

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