REG - BNP Paribas London Network Intnl Hldgs - Form 8.3 - Network International Holdings plc

Network International HoldingsAnnouncement

28/03/2024 12:15

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RNS Number : 7426I  BNP Paribas London  28 March 2024

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:                                                    BNP Paribas SA

  (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      Network International Holdings plc
 form relates:

        Use a separate form for each offeror/offeree
  (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:                                     27/03/2024

        For an opening position disclosure, state 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 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:  GB00BH3VJ782 (10p ordinary)

 

      Interests  Short Positions

 

                                                                         Number                                  %           Number                                  %
   (1) Relevant securities owned and/or controlled:                                25,497,990                       4.79               -9,822,795                      -1.84
   (2) Cash-settled derivatives:                                                            0                        .00              -17,670,111                      -3.34

   (3) Stock-settled derivatives (including options) and agreements to                      0                                                   0
 purchase/sell:
        TOTAL:                                                                     25,497,990                       4.79              -27,492,906                      -4.17

 

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

 

 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  Purchase/sale  Number of                             Price per unit

 security                          securities
 GB00BH3VJ782       Purchase                        423                                 3.9380 GBP
 GB00BH3VJ782       Sale                        -75,705                                 3.9380 GBP
 GB00BH3VJ782       Purchase                        110                                 3.9400 GBP
 GB00BH3VJ782       Sale                       -150,428                                 3.9380 GBP
 GB00BH3VJ782       Purchase                    150,428                                 3.9380 GBP

 

 (b)  Cash-settled derivative transactions

 

 Class of      Product                  Nature of dealing        Number of                           Price per

 relevant      description              e.g. opening/closing a   references                          unit

 security      e.g. CFD                 long/short position      securities

                                        increasing/reducing a

                                        long/short position
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 3,887                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 6,303                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 6,020                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 2,867                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 1,652                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 4,176                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 3,388                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                15,285                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 4,743                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 2,059                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                10,098                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 6,430                               3.9380 GBP
 GB00BH3VJ782  Contract for Difference  Reducing Short Position                 8,797                               3.9380 GBP

 

 (c)  Stock-settled derivative transactions (including options)

 

 (i)  Writing, selling, purchasing or varying

 

 Class      Product       Writing,       Number       Exercise   Type       Expiry  Option

 of         description   purchasing,    of           price      e.g.       date    money

 relevant   e.g. call     selling,       securities   per unit   American           paid/

 security   option        varying etc.   to which                European           received

                                         option                  etc.               per unit

                                         relates

 

 (ii)  Exercise

 

 Class of   Product            Exercising/  Number of    Exercise price

 relevant   description        exercised    securities   per unit

 security   e.g. call option   against

 

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

 

 Class of relevant  Nature of dealing               Details  Price per unit (if

 security           e.g. subscription, conversion            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)  Indemnity and other dealing arrangements

 

 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:       28/03/2024

 Contact Name              Compliance Control Room

 Telephone Number:         0207 595 9695

 

 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
 (http://www.thetakeoverpanel.org.uk)

 

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