REG - Lok'nStore Group - Exercise of share options & Rule 2.9 announcement
23/07/2024 12:45
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RNS Number : 5020X Lok'nStore Group PLC 23 July 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
23 July 2024
RECOMMENDED CASH ACQUISITION
OF
LOK'N STORE GROUP PLC ("LOK'NSTORE")
BY
SHURGARD SELF STORAGE LIMITED ("SHURGARD")
to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006
Exercise of share options, admission of new Lok'nStore Shares to trading on
AIM and Rule 2.9 announcement
On 11 April 2024, the boards of Shurgard and Lok'nStore announced that they
had reached agreement on the terms of a recommended cash offer pursuant to
which Shurgard will acquire the entire issued and to be issued ordinary share
capital of Lok'nStore (the "Acquisition"). The Acquisition is being
implemented by means of a Court-sanctioned scheme of arrangement under Part 26
of the Companies Act 2006 (the "Scheme").
Capitalised terms used but not defined in this Announcement have the meanings
given to them in the scheme document published by Lok'nStore on 17 May 2024
containing the full terms and conditions of the Acquisition (the "Scheme
Document").
Following the Court sanction of the Scheme on 18 July 2024, conditional
exercises by holders of options granted under the Lok'nStore Share Plans for
an aggregate of 1,798,275 Lok'nStore Shares have become unconditional.
1,175,063 new Lok'nStore Shares have been allotted and issued to Lok'nStore
Trustee Limited as trustee of the Lok'nStore employee benefit trust in its
capacity as nominee for the relevant option holders (the "Trustee") and
admitted to trading on AIM today such that the Trustee now holds the legal
title to an aggregate of 1,798,275 Lok'nStore Shares (inclusive of 623,212
existing Lok'nStore Shares already held by the Trustee) with beneficial
ownership of such Lok'nStore Shares being held by holders of options in
accordance with the proposals made by Shurgard and Lok'nStore to participants
under the Lok'nStore Share Plans in letters to them dated 17 May 2024 in
accordance with Rule 15 of the Code (the "Rule 15 Proposals"). All such
1,798,275 Lok'nStore Shares are "Scheme Shares" for the purposes of the Scheme
and will therefore be acquired by Shurgard under the Scheme.
The holders of options who conditionally exercised their options in accordance
with the Rule 15 Proposals included the following Lok'nStore Directors in
respect of options granted to them under the Lok'nStore Share Plans (all of
which options, to the extent not already vested, vested following Court
sanction of the Scheme):
Director/PDMR Number of new Lok'nStore Shares Total Holding % Holding
Andrew Jacobs 240,000 4,503,950 12.98%
Raymond Davies 313,152 416,339 1.2%
Neil Newman-Shepherd 450,603 481,342 1.39%
Thomas Lampard 330,824 330,924 0.95%
Total 1,576,828 6,015,010 -
Notifications by the Lok'nStore Directors in accordance with the Market Abuse
Regulation (EU) No.596/2014, as it forms part of the laws of the United
Kingdom from time to time, are set out in the Appendix to this Announcement.
Following the allotment and issue of the 1,175,063 new Lok'nStore Shares on
the date of this Announcement, Lok'nStore confirms, in accordance with Rule
2.9 of the Code and for the purposes of Rule 17 and Schedule 7 of the AIM
Rules for Companies, that it has 34,702,587 ordinary shares of one penny each
in issue and no Lok'nStore Shares are held in treasury and the total number of
voting rights is therefore 34,702,587. This figure may be used by shareholders
as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest in,
the share capital of the Company under the FCA's Disclosure and Transparency
Rules. The International Securities Identification Number (ISIN) for
Lok'nStore Shares is GB0007276115.
Enquiries:
Shurgard
Shurgard
Caroline Thirifay
+44 75 96 87 57 13
J.P. Morgan Cazenove (Sole Financial Adviser to Shurgard) +44 20 3493 8000
Dwayne Lysaght
Ashish Agrawal
Jonty Edwards
John Ulrich
Lok'nStore
Lok'nStore +44 12 5252 1010
Andrew Jacobs
Raymond Davies
Neil Newman-Shepherd
Goldman Sachs International (Lead Financial Adviser to Lok'nStore) +44 20 7774 1000
Khamran Ali
Chris Emmerson
Arnout Harteveld
Lorenzo Carlino
Cavendish Capital Markets Limited (Sole Rule 3 Adviser, Financial Adviser, +44 20 7220 0500
NOMAD and Joint Corporate Broker to Lok'nStore)
Julian Blunt
Henrik Persson
Seamus Fricker
Fergus Sullivan
Peel Hunt LLP (Joint Corporate Broker to Lok'nStore) +44 20 7418 8900
Capel Irwin
Carl Gough
Henry Nicholls
Camarco (Financial PR to Lok'nStore) + 44 20 3757 4991
Billy Clegg
Tom Huddart
Letaba Rimell
Allen Overy Shearman Sterling LLP is acting as legal adviser to Shurgard.
Travers Smith LLP is acting as legal adviser to Lok'nStore.
APPENDIX
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Andrew Jacobs
2. Reason for the notification
(a) Position/status Executive Chairman
(b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
(a) Name Lok'nStore Group plc
(b) LEI 213800MXVAMG3CA42A19
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
(a) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each
Identification code
ISIN: GB0007276115
(b) Nature of the transaction Exercise of share options
(c) Price(s) and volume(s) No. of Lok'nStore Shares Lok'nStore Share Scheme Exercise price per Lok'nStore Share (£)
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 2020 PPP 10.00
(d) Aggregated information - 200,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'n Store Share
- Aggregated volume
- 40,000 Lok'nStore Shares acquired following the exercise of
- Price options, at a price of £10.00 per Lok'nStore Share
(e) Date of the transaction 23 July 2024
(f) Place of the transaction AIM
(d)
Aggregated information
- Aggregated volume
- Price
- 200,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'n Store Share
- 40,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
(e)
Date of the transaction
23 July 2024
(f)
Place of the transaction
AIM
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Raymond Davies
2. Reason for the notification
(b) Position/status Group Finance Director
(c) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
(d) Name Lok'nStore Group plc
(e) LEI 213800MXVAMG3CA42A19
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
(f) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each
Identification code
ISIN: GB0007276115
(g) Nature of the transaction Exercise of share options
(h) Price(s) and volume(s)
No. of Lok'nStore Shares Lok'nStore Share Scheme Exercise price per Lok'nStore Share (£)
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
38,236 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 2020 PPP 10.00
10,000 Lok'nStore Unapproved 0.565
26,470 Lok'nStore Unapproved 0.85
35,505 Lok'nStore Unapproved 2.07
2,941 Lok'nStore CSOP 10.20
(i) Aggregated information - 10,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £0.565 per Lok'n Store Share
- Aggregated volume
- 26,470 Lok'nStore Shares acquired following the exercise of
- Price options, at a price of £0.85 per Lok'nStore Share
- 35,505 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.07 per Lok'nStore Share
- 198,236 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'nStore Share
- 40,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
- 2,941 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.20 per Lok'nStore Share
(j) Date of the transaction 23 July 2024
(k) Place of the transaction AIM
(i)
Aggregated information
- Aggregated volume
- Price
- 10,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £0.565 per Lok'n Store Share
- 26,470 Lok'nStore Shares acquired following the exercise of
options, at a price of £0.85 per Lok'nStore Share
- 35,505 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.07 per Lok'nStore Share
- 198,236 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'nStore Share
- 40,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
- 2,941 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.20 per Lok'nStore Share
(j)
Date of the transaction
23 July 2024
(k)
Place of the transaction
AIM
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Neil Newman-Shepherd
2. Reason for the notification
(b) Position/status Group Managing Director
(c) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
(d) Name Lok'nStore Group plc
(e) LEI 213800MXVAMG3CA42A19
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
(f) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each
Identification code
ISIN: GB0007276115
(g) Nature of the transaction Exercise of share options
(h) Price(s) and volume(s)
No. of Lok'nStore Shares Lok'nStore Share Scheme Exercise price per Lok'nStore Share (£)
60,000 Lok'nStore 1010 PPP 6.00
60,000 Lok'nStore 1010 PPP 6.00
60,000 Lok'nStore 1010 PPP 6.00
60,000 Lok'nStore 1010 PPP 6.00
59,422 Lok'nStore 1010 PPP 6.00
60,000 Lok'nStore 2020 PPP 10.00
44,457 Lok'nStore Unapproved 2.07
4,435 Lok'nStore Unapproved 2.875
17,028 Lok'nStore Unapproved 3.25
19,679 Lok'nStore Unapproved 3.875
2,218 Lok'nStore CSOP 2.875
1,434 Lok'nStore CSOP 3.25
966 Lok'nStore CSOP 3.875
964 Lok'nStore CSOP 10.20
(i) Aggregated information - 44,457 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.07 per Lok'n Store Share
- Aggregated volume
- 6,653 Lok'nStore Shares acquired following the exercise of
- Price options, at a price of £2.875 per Lok'nStore Share
- 18,462 Lok'nStore Shares acquired following the exercise of
options, at a price of £3.25 per Lok'nStore Share
- 20,645 Lok'nStore Shares acquired following the exercise of
options, at a price of £3.875 per Lok'nStore Share
- 299,422 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'nStore Share
- 60,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
- 964 Lok'nStore Shares acquired following the exercise of options,
at a price of £10.20 per Lok'nStore Share
(j) Date of the transaction 23 July 2024
(k) Place of the transaction AIM
(i)
Aggregated information
- Aggregated volume
- Price
- 44,457 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.07 per Lok'n Store Share
- 6,653 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.875 per Lok'nStore Share
- 18,462 Lok'nStore Shares acquired following the exercise of
options, at a price of £3.25 per Lok'nStore Share
- 20,645 Lok'nStore Shares acquired following the exercise of
options, at a price of £3.875 per Lok'nStore Share
- 299,422 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'nStore Share
- 60,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
- 964 Lok'nStore Shares acquired following the exercise of options,
at a price of £10.20 per Lok'nStore Share
(j)
Date of the transaction
23 July 2024
(k)
Place of the transaction
AIM
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities/person closely
associated
(l) Name Thomas Lampard
2. Reason for the notification
(m) Position/status Property Director
(n) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
(o) Name Lok'n Store Group plc
(p) LEI 213800MXVAMG3CA42A19
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
(q) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each
Identification code
ISIN: GB0007276115
(r) Nature of the transaction Exercise of share options
(s) Price(s) and volume(s)
No. of Lok'nStore Shares Lok'nStore Share Scheme Exercise price per Lok'nStore Share (£)
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
10,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
60,000 Lok'nStore 1010 PPP 6.00
60,000 Lok'nStore 1010 PPP 6.00
60,000 Lok'nStore 2020 PPP 10.00
3,582 Lok'nStore Unapproved 3.25
8,258 Lok'nStore Unapproved 3.875
2,609 Lok'nStore CSOP 2.875
5,648 Lok'nStore CSOP 3.25
727 Lok'nStore CSOP 5.70
(t) Aggregated information - 2,609 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.875 per Lok'n Store Share
- Aggregated volume
- 9,230 Lok'nStore Shares acquired following the exercise of
- Price options, at a price of £3.25 per Lok'n Store Share
- 8,258 Lok'nStore Shares acquired following the exercise of
options, at a price of £3.875 per Lok'nStore Share
- 727 Lok'nStore Shares acquired following the exercise of options,
at a price of £5.70 per Lok'nStore Share
- 250,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'nStore Share
- 60,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
(u) Date of the transaction 23 July 2024
(v) Place of the transaction AIM
(t)
Aggregated information
- Aggregated volume
- Price
- 2,609 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.875 per Lok'n Store Share
- 9,230 Lok'nStore Shares acquired following the exercise of
options, at a price of £3.25 per Lok'n Store Share
- 8,258 Lok'nStore Shares acquired following the exercise of
options, at a price of £3.875 per Lok'nStore Share
- 727 Lok'nStore Shares acquired following the exercise of options,
at a price of £5.70 per Lok'nStore Share
- 250,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'nStore Share
- 60,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
(u)
Date of the transaction
23 July 2024
(v)
Place of the transaction
AIM
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Rhys Warren Thomas, closely associated with Simon Thomas
2. Reason for the notification
(b) Position/status Person closely associated with Simon Thomas, Non-Executive Director
(c) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
(d) Name Lok'nStore Group plc
(e) LEI 213800MXVAMG3CA42A19
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
(f) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each
Identification code
ISIN: GB0007276115
(g) Nature of the transaction Exercise of share options
(h) Price(s) and volume(s)
No. of Lok'nStore Shares Lok'nStore Share Scheme Exercise price per Lok'nStore Share (£)
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
40,000 Lok'nStore 1010 PPP 6.00
24,000 Lok'nStore 2020 PPP 10.00
10,507 Lok'nStore Unapproved 2.07
7,742 Lok'nStore Unapproved 3.875
(i) Aggregated information - 10,507 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.07 per Lok'n Store Share
- Aggregated volume
- 7,742 Lok'nStore Shares acquired following the exercise of
- Price options, at a price of £3.875 per Lok'n Store Share
- 200,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'nStore Share
- 24,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
(j) Date of the transaction 23 July 2024
(k) Place of the transaction AIM
(i)
Aggregated information
- Aggregated volume
- Price
- 10,507 Lok'nStore Shares acquired following the exercise of
options, at a price of £2.07 per Lok'n Store Share
- 7,742 Lok'nStore Shares acquired following the exercise of
options, at a price of £3.875 per Lok'n Store Share
- 200,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £6.00 per Lok'nStore Share
- 24,000 Lok'nStore Shares acquired following the exercise of
options, at a price of £10.00 per Lok'nStore Share
(j)
Date of the transaction
23 July 2024
(k)
Place of the transaction
AIM
Important notices relating to financial advisers
J.P. Morgan Securities PLC, which conducts its UK investment banking business
as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), and which is authorised in
the United Kingdom by the Prudential Regulation Authority (the "PRA") and
regulated by the PRA and the Financial Conduct Authority (the "FCA"), is
acting as financial adviser exclusively for Shurgard and no one else in
connection with the Acquisition and will not regard any other person as its
client in relation to the Acquisition and will not be responsible to anyone
other than Shurgard for providing the protections afforded to clients of J.P.
Morgan Cazenove or its affiliates, nor for providing advice in relation to the
Acquisition or any other matter or arrangement referred to in this
Announcement.
Goldman Sachs International ("Goldman Sachs"), which is authorised by the PRA
and regulated by the FCA and the PRA in the United Kingdom, is acting
exclusively for Lok'nStore and no one else in connection with the Acquisition
and will not be responsible to anyone other than Lok'nStore for providing the
protections afforded to clients of Goldman Sachs or for providing advice in
connection with the matters referred to in this Announcement. No
representation or warranty, express or implied, is made by Goldman Sachs as to
the contents of this Announcement.
Cavendish Capital Markets Limited ("Cavendish"), which, in the United Kingdom,
is authorised and regulated by the FCA, is acting exclusively for Lok'nStore
and no one else in connection with the Acquisition and will not be responsible
to anyone other than Lok'nStore for providing the protections afforded to
clients of Cavendish nor for providing advice in relation to the Acquisition
or any other matter or arrangement referred to in this Announcement.
Peel Hunt LLP ("Peel Hunt"), which, in the United Kingdom, is authorised and
regulated by the FCA, is acting exclusively for Lok'nStore and no one else in
connection with the Acquisition and neither Peel Hunt nor any of its
affiliates will be responsible to anyone other than Lok'nStore (whether or not
a recipient of this Announcement) for providing the protections afforded to
clients of Peel Hunt nor for providing advice in relation to the Acquisition
or any other matter or arrangement referred to in this Announcement.
Further information
This Announcement is for information purposes only and is not intended to, and
does not, constitute or form part of any offer or invitation to purchase,
otherwise acquire, subscribe for, sell or otherwise dispose of, any securities
or the solicitation of an offer, vote or approval in any jurisdiction pursuant
to the Acquisition or otherwise, nor shall there be any sale, issuance or
transfer of securities of Lok'nStore in any jurisdiction in contravention of
applicable law.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. or
more of any class of relevant securities of an offeree company or of any
securities exchange offeror (being any offeror other than an offeror in
respect of which it has been announced that its offer is, or is likely to be,
solely in cash) must make an Opening Position Disclosure following the
commencement of the offer period and, if later, following the Announcement in
which any securities exchange offeror is first identified. An Opening Position
Disclosure must contain details of the person's interests and short positions
in, and rights to subscribe for, any relevant securities of each of (i) the
offeree company and (ii) any securities exchange offeror(s). An Opening
Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no
later than 3.30 p.m. on the tenth business day following the commencement of
the offer period and, if appropriate, by no later than 3.30 p.m. on the tenth
business day following the Announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead make a
Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1
per cent. or more of any class of relevant securities of the offeree company
or of any securities exchange offeror must make a Dealing Disclosure if the
person deals in any relevant securities of the offeree company or of any
securities exchange offeror. A Dealing Disclosure must contain details of the
dealing concerned and of the person's interests and short positions in, and
rights to subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s), save to the extent that
these details have previously been disclosed under Rule 8. A Dealing
Disclosure by a person to whom Rule 8.3(b) applies must be made by no later
than 3.30 p.m. on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by
any offeror and Dealing Disclosures must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.
Electronic Communications
Please be aware that addresses, electronic addresses and certain information
provided by Lok'nStore Shareholders, persons with information rights and other
relevant persons for the receipt of communications from Lok'nStore may be
provided to Shurgard during the Offer Period as required under section 4 of
Appendix 4 to the Code to comply with Rule 2.11(c) of the Code.
Publication on a website
A copy of this Announcement will be available, subject to certain restrictions
relating to persons resident in Restricted Jurisdictions, on Shurgard's
website at https://www.shurgard.com/corporate/investors/acquisitions/loknstore
and on Lok'nStore's website at
www.loknstore.co.uk/investors/recommended-cash-offer promptly and in any
event by no later than 12 noon on the Business Day following the date of this
Announcement. Neither the content of the websites referred to in this
Announcement nor the content of any website accessible from hyperlinks in this
Announcement is incorporated into, or forms part of, this Announcement.
General
If you are in any doubt about the contents of this Announcement or the action
you should take, you are recommended to seek your own independent financial
advice immediately from your stockbroker, bank manager, solicitor or
independent financial adviser duly authorised under the Financial Services and
Markets Act 2000 if you are resident in the UK or, if not, from another
appropriate authorised independent financial adviser.
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AnnouncementREG - AIM Lok'nStore Group - Cancellation - Lok'n Store Group Plc
AnnouncementREG - Takeover Panel - Disclosure Table
AnnouncementREG - Barclays PLC Lok'nStore Group - Form 8.3 - LOK'NSTORE GROUP PLC
Announcement