REG - Serinus Energy PLC - Form 8 (OPD) Serinus Energy plc
01/04/2025 07:15
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RNS Number : 0308D Serinus Energy PLC 01 April 2025
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: Serinus 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 Serinus 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: 31(st) March 2025
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: ORD NPV
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: Nil Nil Nil Nil
(2) Cash-settled derivatives: Nil Nil Nil Nil
(3) Stock-settled derivatives (including options) and agreements to Nil Nil Nil Nil
purchase/sell:
Nil Nil 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: None
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) Shareholdings of ordinary shares by directors of Serinus Energy plc
Name Total Number of Serinus Shares Percentage of Existing Issued Ordinary Share Capital
Jeffrey Auld 6,993,480 4.62%
Łukasz Rędziniak 702,000 0.46%
Jim Causgrove 290,000 0.19%
Total: 7,985,480 5.28%
b) The directors of the Serinus Energy plc have the following rights to
subscribe for the following relevant Serinus Energy plc securities
Name Date of grant Type of grant Vesting period Exercise price (p) Expiry Date No. of outstanding options / LTIP shares
Jeffrey Auld 22 Dec 2020 Option N/A vested £0.02 22 Dec 2027 1,880,000
27 May 2019 Option N/A vested £0.02 27 May 2029 100,000
03 Dec 2018 Option N/A vested £0.02 03 Dec 2028 250,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 959,505
Total: 3,189,505
c) The employees of Serinus Energy plc have the following rights to
subscribe for the following relevant Serinus Energy plc securities
Name Date of grant Type of grant Vesting period Exercise price (p) Expiry Date No. of outstanding options / LTIP shares
Vlad Ryabov 23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 548,289
Stuart Morrison 23 Aug 2021 Option Vested £0.02 23 Aug 2031 175,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 460,562
Calvin Brackman 03 Dec 2018 Option Vested £0.02 03 Dec 2028 70,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 135,973
Alexandra Damascan 03 Dec 2018 Option Vested £0.02 03 Dec 2028 23,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 92,435
Haithem Ben Hassen 22 Dec 2020 Option Vested £0.02 22 Dec 2027 48,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 56,201
Arafet Mansili 03 Dec 2018 Option Vested £0.02 03 Dec 2028 35,000
01 Jun 2023 LTIP Vested £nil 01 Jun 2026 10,490
Rhonda Yaniw 03 Dec 2018 Option Vested £0.02 03 Dec 2028 4,600
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 43,264
Total: 2,076,103
Options and LTIP Shares relate to Serinus Energy plc's Option plan and LTIP
scheme awarded by the remuneration committee. The Option plan and LTIP scheme
are subject to performance criteria (if any) as disclosed within the Serinus
Energy plc's Annual Report for the relevant year of the awards.
b) The directors of the Serinus Energy plc have the following rights to
subscribe for the following relevant Serinus Energy plc securities
Name Date of grant Type of grant Vesting period Exercise price (p) Expiry Date No. of outstanding options / LTIP shares
Jeffrey Auld 22 Dec 2020 Option N/A vested £0.02 22 Dec 2027 1,880,000
27 May 2019 Option N/A vested £0.02 27 May 2029 100,000
03 Dec 2018 Option N/A vested £0.02 03 Dec 2028 250,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 959,505
Total: 3,189,505
c) The employees of Serinus Energy plc have the following rights to
subscribe for the following relevant Serinus Energy plc securities
Name Date of grant Type of grant Vesting period Exercise price (p) Expiry Date No. of outstanding options / LTIP shares
Vlad Ryabov 23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 548,289
Stuart Morrison 23 Aug 2021 Option Vested £0.02 23 Aug 2031 175,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 460,562
Calvin Brackman 03 Dec 2018 Option Vested £0.02 03 Dec 2028 70,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 135,973
Alexandra Damascan 03 Dec 2018 Option Vested £0.02 03 Dec 2028 23,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 92,435
Haithem Ben Hassen 22 Dec 2020 Option Vested £0.02 22 Dec 2027 48,000
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 56,201
Arafet Mansili 03 Dec 2018 Option Vested £0.02 03 Dec 2028 35,000
01 Jun 2023 LTIP Vested £nil 01 Jun 2026 10,490
Rhonda Yaniw 03 Dec 2018 Option Vested £0.02 03 Dec 2028 4,600
23 Oct 2024 LTIP 3 years £nil 23 Oct 2029 43,264
Total: 2,076,103
Options and LTIP Shares relate to Serinus Energy plc's Option plan and LTIP
scheme awarded by the remuneration committee. The Option plan and LTIP scheme
are subject to performance criteria (if any) as disclosed within the Serinus
Energy plc's Annual Report for the relevant year of the awards.
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: 1(st) April 2025
Contact name: Rhonda Yaniw
Telephone number: +44 (0)204 541 7859
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
(https://url.avanan.click/v2/r02/___http:/www.thetakeoverpanel.org.uk___.YXAxZTpzaG9yZWNhcDphOm86MGUzZjEzMDk1OWRjZTA3NGRjM2ZjOTg3NTY5NTY4YzU6NzowOTY5OjY0NDJhM2JhMjlkZTNjN2YyZTAyMDU5MjMyOGExYTlhMjBiMTllOGE0NmQ1OTdhZmM1ZDZkZGFhZDhmODNjMmU6cDpUOk4)
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