REG-Tibra Trading Europe Limited Form 8.3 - Tibra Trading Europe Limited: REDDE

Redde NorthgateAnnouncement

21/02/2020 16:05

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  Tibra Trading Europe Limited (-)
  Form 8.3 - Tibra Trading Europe Limited: REDDE

  21-Feb-2020 / 16:03 GMT/BST
  Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  The issuer is solely responsible for the content of this announcement.

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                                     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:                               Tibra Trading Europe
                                                            Ltd
  (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:                             Redde PLC

   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:                 

   For an opening position disclosure, state the latest     20th Feb 2020
  practicable date prior to the disclosure
  (f) In addition to the company in 1(c) above, is the
  discloser making disclosures in respect of any other       
  party to the offer?
                                                            Northgate Plc
   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:
                                                             Ordinary
   
   
                                                    Interests    Short positions
   
                                                   Number    %     Number    %
  (1) Relevant securities owned and/or            6,215,111 2.02             
  controlled:
  (2) Cash-settled derivatives:
                                                                              
   
  (3) Stock-settled derivatives (including                                    
  options) and agreements to purchase/sell:
   
                                                  6,215,111 2.02              
   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).

   

  (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                        Price per unit
          security                       Number of securities       (GBP)
                                  
  Ordinary Shares            Purchase         1,612,675              1.05
                                                                       

   

   (b) Cash-settled derivative transactions

   

                                                                       Price per
             Product            Nature of dealing                        unit
  Class of description                                      Number of
  relevant              e.g. opening/closing a long/short   reference       
  security  e.g. CFD     position, increasing/reducing a    securities
                               long/short position                      (3.s.f)
                                                                         (GBp)
                                                                        
                                                                        

   

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

   

  (i) Writing, selling, purchasing or varying

   

                        Writing,   Number of             Type            Option
  Class of   Product   purchasing, securities Exercise                   money
  relevant description  selling,    to which   price     e.g.    Expiry  paid/
  security  e.g. call    varying     option   per unit American,  date  received
             option       etc.      relates            European         per unit
                                                         etc.
                                                                         

   

  (ii) Exercise

   

     Class of        Product                                         Exercise
     relevant      description       Exercising/      Number of      price per
     security                     exercised against   securities       unit
                 e.g. call option
                                                                    
                                                     
                                                                    

   

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

   

                           Nature of dealing
   Class of relevant                             Details   Price per unit (if
        security          e.g. subscription,                   applicable)
                              conversion
                        
                                                          
                        

   

   

  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

   

   

                                                     21st Feb 2020
          Date of disclosure:
                               
          Contact name:                    Lucy Todd
                                       +44 020 3100 9176
          Telephone number:
                                                

   

  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
   1 www.thetakeoverpanel.org.uk.

   

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   Category Code: RET - REDDE
   TIDM:          -
   LEI Code:      549300UZ06MCKSNHC9
   Sequence No.:  48349
   EQS News ID:   981575


    
   End of Announcement EQS News Service

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