REG - Gama Aviation PLC - Form 8 (OPD) - Gama Aviation PLC

Gama AviationAnnouncement

21/03/2024 07:00

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RNS Number : 7117H  Gama Aviation PLC  21 March 2024

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) Full name of discloser:                                                     Gama Aviation plc
 (b) Owner or controller of interests and short positions disclosed, if          N/A
 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  Gama Aviation plc
 relates:

 Use a separate form for each offeror/offeree
 (d) Is the discloser the offeror or the offeree?                                OFFEREE
 (e) Date position held:                                                         19 March 2024

 The latest practicable date prior to the disclosure
 (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 PARTY TO THE OFFER 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

 

 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  NIL     -      NIL       -

 agreements to purchase/sell:
 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

 

 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.          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 (including
 directors' and other employee options) of any person acting in concert with
 the party to the offer making the disclosure:

 

 

 (a) Interests held by the directors of Gama Aviation plc, their close
 relatives and related trusts:

 

                       Number of Ordinary Shares in Gama Aviation plc  Percentage of total issued share capital

 Shareholder
 Peter Brown1          20,000                                          0.03%
 Stephen Mount         10,000                                          0.02%
 Chi Keung (Simon) To  130,000                                         0.20%
 Total                 160,000                                         0.25%

 

 1All shares are held by Peter Brown's wife as the beneficial owner

 (b) Interests held as options or awards under the share plans of Gama Aviation
 plc by the directors of Gama Aviation plc and their close relatives and
 related trusts

 

                 Number of options  Date of grant  Vesting date  Exercise price  Expiry date

 Option Holder
 Peter Brown     30,000             29-Mar-21      29-Mar-21     1 pence         28-Mar-31
 Stephen Mount   40,000             29-Mar-21      29-Mar-21     1 pence         28-Mar-31
 Total           70,000

 

 Options granted to these directors vested immediately

 

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).

4.          OTHER INFORMATION

 

(a)         Indemnity and other dealing arrangements

 Details of any indemnity or option agreement, 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:

 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 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:  21 March 2024
 Contact name:        Mine Taylor
 Telephone number:    +44 (0)7557 160 822

 

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.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk/) . (http://www.thetakeoverpanel.org.uk/)

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