REG - Ladbrokes Coral Grp GVC Holdings PLC - Form 8 (DD) - offeree

EntainAnnouncement

28/03/2018 07:40

RNS Number : 1999J
Ladbrokes Coral Group PLC
28 March 2018
 

FORM 8 (DD)
 
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:


Computershare Trustees (C.I.) 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 offeror/offeree in relation to whose relevant securities this form relates:
     Use a separate form for each offeror/offeree


Ladbrokes Coral Group plc




(d) Status of person making the disclosure:
     e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)


Person acting in concert with Ladbrokes Coral Group plc




(e) Date dealing undertaken:


27 March 2018




(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 PERSON 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 following the dealing
 




Class of relevant security:
 


 




 
 


Interests


Short positions




Number


%


Number


%




(1) Relevant securities owned and/or controlled:


Nil


-


Nil


-




(2) Cash-settled derivatives:
 


Nil


-


Nil


-




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


Nil


-


Nil


-




 
     TOTAL:


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 (including directors' and other employee options)
 




Class of relevant security in relation to which subscription right exists:


Ladbrokes Coral Group plc ordinary shares of 28⅓ pence




Details, including nature of the rights concerned and relevant percentages:


None.




 
3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE
 
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
 
The currency of all prices and other monetary amounts should be stated.
 
(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




Ladbrokes Coral Group plc ordinary shares of 28⅓ pence
 


Purchase of shares on behalf of participants under the 2016 Deferred Bonus Plan.
 


97,321


£1.69




Ladbrokes Coral Group plc ordinary shares of 28⅓ pence
 


Transfer of shares to satisfy awards under the 2017 Deferred Bonus Plan.
 


529,964*


n/a




Ladbrokes Coral Group plc ordinary shares of 28⅓ pence
 


Transfer of shares to satisfy awards under the 2016 Deferred Bonus Plan.
 


121,348


n/a




Ladbrokes Coral Group plc ordinary shares of 28⅓ pence
 


Transfer of shares to satisfy awards under the Restricted Share Plan
 


732,383**


n/a




Ladbrokes Coral Group plc ordinary shares of 28⅓ pence
 


Transfer of shares to satisfy awards under the Performance Share Plan
 


190,310 


n/a




*Participants received 941,508 shares under the 2017 Deferred Bonus Plan which were subject to net settlement by the Company for tax purposes resulting in the transfer of 529,964 shares under the Scheme.
**Participants received 1,210,909 shares under the Restricted Share Plan which were subject to net settlement by the Company for tax purposes resulting in the transfer of 732,383 under the Scheme.
 
(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
e.g. CFD


Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position


Number of reference securities


Price per unit




 


 
 


 


 


 




 
(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
e.g. American, European etc.


Expiry date


Option money paid/ received per unit




 


 


 


 


 


 


 


 




 
(ii)        Exercise
 




Class of relevant security


Product description
e.g. call option


Exercising/ exercised against


Number of securities


Exercise price per unit




 


 


 


 


 
 




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




Class of relevant security


Nature of dealing
e.g. subscription, conversion


Details


Price per unit (if applicable)




 


 


 


 




 
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:


28 March 2018




Contact name:


Geoff Mason




Telephone number:


0208 515 5131



Ladbrokes Coral Group plc LEI
213800P7FJOPCV4H3J04



 
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 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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