REG - Hurricane Energy PLC - Form 8 (OPD) - Hurricane Energy plc

Hurricane EnergyAnnouncement

11/11/2022 09:00

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RNS Number : 1290G  Hurricane Energy PLC  11 November 2022

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:                                                     Hurricane Energy 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  Hurricane Energy plc
 relates:

      Use a separate form for each offeror/offeree
 (d) Is the discloser the offeror or the offeree?                                OFFEREE
 (e) Date position held:                                                         10 November 2022

      The latest practicable date prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making          NO
 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 agreements to  NIL     -      NIL       -
 purchase/sell:
                                                                      NIL     -      NIL       -

      TOTAL:

 

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 Hurricane Energy plc, their close
 relatives and related trusts

 

 The directors' interests, all of which were beneficial interests, in the
 Ordinary Shares of the Company (including all SIPP Shares held and those of
 connected persons) were as follows:

Director         No. of ordinary shares
 Antony Maris     169,084

 Richard Chaffe   140,558

 David Craik*     188,450

 John Wright*     Nil

 Juan Morera*     Nil

 Philip Wolfe     Nil

 Linda Beal       Nil

 Robin Allan      Nil

 

 (*John Wright, David Craik and Juan Morera are Shareholder Nominee appointees
 for the Crystal Amber Fund Limited which, holds 28.90% of the Issued Ordinary
 Share Capital).

(b)  Interests held as options or awards under the share plans of Hurricane
 Energy plc by the directors of Hurricane Energy plc and their close relatives
 and related trusts who are not exempt principal traders for the purposes of
 Rule 8 of the Code

 

   NIL

(c)  Interests and short positions held by connected advisors of Hurricane
 Energy plc

 NIL

(d)  Interests, short positions and rights to subscribe held by other
 presumed concert parties of Hurricane Energy plc

 

Entity holding shares       No. of ordinary shares  %
 Crystal Amber Fund Limited  575,649,999             28.90%

 

 

Entity holding shares       No. of ordinary shares  %
 Crystal Amber Fund Limited  575,649,999             28.90%

 

 

The directors' interests, all of which were beneficial interests, in the
Ordinary Shares of the Company (including all SIPP Shares held and those of
connected persons) were as follows:

 

 Director         No. of ordinary shares
 Antony Maris     169,084

 Richard Chaffe   140,558

 David Craik*     188,450

 John Wright*     Nil

 Juan Morera*     Nil

 Philip Wolfe     Nil

 Linda Beal       Nil

 Robin Allan      Nil

 

(*John Wright, David Craik and Juan Morera are Shareholder Nominee appointees
for the Crystal Amber Fund Limited which, holds 28.90% of the Issued Ordinary
Share Capital).

 

 (b)  Interests held as options or awards under the share plans of Hurricane
 Energy plc by the directors of Hurricane Energy plc and their close relatives
 and related trusts who are not exempt principal traders for the purposes of
 Rule 8 of the Code

 

  NIL

 

 (c)  Interests and short positions held by connected advisors of Hurricane
 Energy plc

 NIL

(d)  Interests, short positions and rights to subscribe held by other
 presumed concert parties of Hurricane Energy plc

 

Entity holding shares       No. of ordinary shares  %
 Crystal Amber Fund Limited  575,649,999             28.90%

 

 

 Entity holding shares       No. of ordinary shares  %
 Crystal Amber Fund Limited  575,649,999             28.90%

 

 

 

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 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 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:  10 November 2022
 Contact name:        Richard Chaffe
 Telephone number:    +44 1483 862 820

 

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) .

 

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