REG - RedstoneConnect PLC - Form 8 (OPD) RedstoneConnect Plc <Origin Href="QuoteRef">REDS.L</Origin>

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09/10/2017 15:41

RNS Number : 1065T
RedstoneConnect PLC
09 October 2017
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:
RedstoneConnect Plc (the "Offeree")
(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.
N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
 Use a separate form for each offeror/offeree
RedstoneConnect Plc (the "Offeree")
(d) Is the discloser the offeror or the offeree?
OFFEREE
(e) Date position held:
 The latest practicable date prior to the disclosure
9 October 2017
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? 
 If it is a cash offer or possible cash offer, state "N/A"
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
Nil
Nil
(2) Cash-settled derivatives:
Nil
Nil
Nil
Nil
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
Nil
Nil
Nil
Nil
 TOTAL:
Nil
Nil
Nil
Nil
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 Form8 (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:
None
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 of directors of RedstoneConnect Plc and their connected persons in ordinary shares of RedstoneConnect Plc
Class of relevant security:
Ordinary shares of 0.10 each (ISIN: GB00BYWN0F98)
Name
Number
%
Frank Beechinor
90,000
0.4%
Mark Braund
144,853
0.7%
Spencer Dredge
32,126
0.2%
Diana Dyer Bartlett
40,000
0.2%
Guy van Zwanenberg
30,000
0.1%
(b) Share options held by directors under the RedstoneConnect Plc Long Term Incentive Plan
Name 
No. of ordinary shares under option
Grant date
Normal vesting date
Exercise price
Frank Beechinor
100,000
11/12/2015
31/12/2018
92p
Mark Braund
378,261
11/12/2015
31/12/2018
92p
Diana Dyer Bartlett
70,000
11/12/2015
31/12/2018
92p
Guy van Zwanenberg
30,000
11/12/2015
31/12/2018
92p
(c) Share options held by directors under the RedstoneConnect Plc Enterprise Management Incentive
Name 
No. of ordinary shares under option
Grant date
Normal vesting date
Exercise price
Mark Braund
271,739
11/12/2015
31/12/2018
92p
Spencer Dredge
260,000
11/12/2015
31/12/2018
92p
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:
9 October 2017
Contact name:
Roisin Clawson
Telephone number:
0208 661 4705
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.

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