LONDON – (BUSINESS CHP) –
FORM 8.3
PUBLIC OPENING OF THE DISCLOSURE / ACTION POSITION BY
PERSON WITH INTELLIGENCE IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Ingestion Code (the “Code”)
1. KEY INFORMATION
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(a) Full name of the discloser: |
Bardin Hill Arbitrage IC Management LP, Bardin Hill Arbitrage UCITS Management LP on behalf of discretionary clients |
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(b) Owner or administrator of declared interests and short positions, if different from 1 (a): Naming nominated companies or vehicles is insufficient. For a trust, the trustee (s), the founder and the beneficiaries must be indicated. |
N / A |
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(° C) Name of the tenderer / offeror in respect of whose respective securities this form relates: Use a separate form for each tenderer / tenderer |
SNN.LN
Sanne Group PLC |
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(e) If an exempt fund manager is associated with a tenderer / tenderer, indicate this and indicate the identity of the tenderer / tenderer: |
N / A |
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(e) Date of position / transaction: To disclose an open position, indicate the most recent practical date before the announcement |
June 22, 2022 |
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(e) In addition to the company in 1 (c) above, does the discloser make disclosures against another party to the bid? If it’s a cash offer or a possible cash offer, specify “N / A” |
No |
2. POSITIONS OF THE DISCLOSURE PERSON
If there are positions or rights to subscribe for disclosure in more than one class of relevant securities of the offeror or recipient referred to in 1 (c), copy Table 2 (a) or (b) (as appropriate) for each additional class from the relevant security.
(a) Interest and short positions in the relevant securities of the offeror or recipient to which the post-transaction disclosure relates (if any)
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Relevant security class:
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interests |
Short positions |
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number |
% |
number |
% |
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(1) Relevant securities held and / or controlled: |
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(2) Derivatives settled in cash:
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1,856,650 |
1,140149% |
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(3) Derivatives with settlement of shares (including options) and purchase / sale agreements: |
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TOTAL: |
1,856,650 |
1,140149% |
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All interests and all short positions must be disclosed.
Details of any open derivative positions settled with shares (including traded options) or agreements to buy or sell the relevant securities must be provided in Supplementary Form 8 (Open Positions).
(b) Subscription rights for new securities (including options for directors and other employees)
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Relevant security class for which there is a subscription right: |
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Details, including the nature of the relevant rights and the relevant percentages: |
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3. TRANSACTIONS (IF ANY) BY THE DISCLOSURE PERSON
Where there have been transactions with more than one class of relevant securities of the offeror or recipient referred to in 1 (c), copy Table 3 (a), (b), (c) or (d) (as applicable) for each additional class of the respective security in which it is traded.
The currency of all prices and other monetary amounts must be indicated.
(a) Purchases and sales
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Relevant security class |
Buy / sell
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Number of securities |
Price per piece |
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(b) Transactions in derivative instruments with cash
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Relevant security class |
Description of the product for example CFD |
Nature of the transaction eg opening / closing a long / short position, increasing / decreasing a long / short position |
Number of reference securities |
Price per piece |
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EXCHANGE |
EXCHANGE
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Increase long position |
19,883 th most common |
9.02 (GBP) |
(° C) Equity derivative transactions (including options)
(s) Write, sell, buy or change
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Relevant security class |
Description of the product for example, a call option |
Writing, buying, selling, changing, etc. |
Number of securities to which the option applies |
Price per exercise per unit |
Type for example American, European, etc. |
Expiry date |
Option money paid / received per piece |
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(ii) Exercise
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Relevant security class |
Description of the product for example, a call option |
Exercise / exercise against |
Number of securities |
Price per exercise per unit |
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(e) Other transactions (including subscription of new securities)
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Relevant security class |
Nature of the transaction for example subscription, conversion |
Details |
Unit price (if applicable) |
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4. OTHER INFORMATION
(a) Compensation and other trade arrangements
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Details of any indemnity or option agreement, or any agreement or understanding, formal or informal, relating to the relevant securities that may be an incentive to trade or refrain from transactions entered into by the discloser and each party on the offer or any person acting in agreement with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or arrangements, indicate “no” |
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(b) Agreements, arrangements or arrangements relating to options or derivatives
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Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (s) voting rights on all relevant securities under each option; or (ii) voting rights or future acquisition or disposal of any relevant securities for which a derivative is specified: If there are no such agreements, arrangements or arrangements, indicate “no” |
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(° C) Attached files
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Is additional form 8 (open positions) attached? |
NO |
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Release date: |
June 23, 2022 |
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Contact name: |
Susan McDermott |
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Phone number*: |
001 212 303 9498 |
Public disclosures under Rule 8 of the Code must be made in a regulatory information service.
The Market Surveillance Unit of the Panel is available for consultation in connection with the requirements for disclosure of the Code on +44 (0) 20 7638 0129.
* If the discloser is a natural person, it is not necessary to include a telephone number, provided that the contact information is provided to the Panel Market Surveillance Unit.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
Category code: RET
Serial number: 909011
Time of receipt (moved from UTC): 20220623T145514 + 0100