REG-Stellar Asset Management Ltd: Form 8.3 - Equals Group PLC

EqualsAnnouncement

27/03/2024 09:30

 

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

 

 (a) Full name of discloser:                                                                                                                                                                                                     Stellar Asset Management 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                                                                                           Equals Group Plc                  
 (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:                                                                                                                                              
 (e) Date position held/dealing undertaken:  For an opening position disclosure, state the latest practicable date prior to the disclosure                                                                                       26/03/2024                        
 (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"                                        N/A                               

 

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 (if any)

 

 Class of relevant security:                                                         Ordinary Shares 1p                    
                                                                                     Interests         Short positions     
                                                                                     Number     %      Number    %         
 (1) Relevant securities owned and/or controlled:                                    1,909,005  1.02                       
 (2) Cash-settled derivatives:                                                                                             
 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:                                        
 TOTAL:                                                                              1,909,005  1.02   0         0         

 

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).

 

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

 

 Class of relevant security in relation to which subscription right exists:   n/a  
 Details, including nature of the rights concerned and relevant percentages:  n/a  

 

 

3. DEALINGS (IF ANY) 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

 

 Class of relevant security  Purchase/sale  Number of securities  Price per unit  
 Ordinary Shares 1p          Buy            601                   GBX 117.73      
 Ordinary Shares 1p          Sell           328                   GBX 117.34      
 Ordinary Shares 1p          Buy            320                   GBX 117.9       

 

 

(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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: 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 person 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

 

 Is a Supplemental Form 8 (Open Positions) attached?  NO  

 

 

 Date of disclosure:  27/03/2024     
 Contact name:        Phil Kirwan    
 Telephone number*:   0151 433 1102  

 

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.

 

*If the discloser is a natural person, a telephone number does not need to be
included, provided contact information has been provided to the Panel's Market
Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.



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