Kea Petroleum PLC Form 8 (OPD) - Kea Petroleum Plc (2848G)
March 02 2015 - 10:24AM
UK Regulatory
TIDMKEA
RNS Number : 2848G
Kea Petroleum PLC
02 March 2015
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: Kea Petroleum Plc
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(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.
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Kea Petroleum Plc
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEREE
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(e) Date position held: 27 February 2015
The latest practicable date prior to the disclosure
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(f) In addition to the company in 1(c) above, is the discloser making disclosures in NO
respect If YES, specify which:
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
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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: Ordinary shares of 1.0 pence each in the offeree
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Interests Short positions
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Number % Number %
------------------------------------------------------------ ---------------------- ----- ------------------ -----
(1) Relevant securities owned and/or controlled: Nil 0 Nil 0
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(2) Cash-settled derivatives: Nil 0 Nil 0
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(3) Stock-settled derivatives (including options) and
agreements to purchase/sell: Nil 0 Nil 0
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TOTAL: Nil 0 Nil 0
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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: Nil
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Details, including nature of the rights concerned and relevant percentages: Nil
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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:
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(a) Shares held by directors of Kea Petroleum Plc
Director Number of Kea Petroleum Plc shares Percentage of
existing Kea
Petroleum Plc
shares
(93,986,957)
-------------- --------------------------------------------------------------------------------------------- --------------
Ian (1) as to 6,070,000, by Thornaby Limited, a company owned by the trustee of the I R Gowrie 6.46%
Gowrie-Smith Smith family settlement of which the discloser is both settlor and a discretionary
beneficiary;
(2) as to 500,000, jointly by the discloser and the trustee of the Kea Petroleum PLC Joint
Share Ownership Plan, under the terms of that plan (and which shares are included in the 0.53%
rule
8.3 disclosure to be made by the trustee of that plan);
(3) as to 860,000, by Transact Nominees Limited as trustee of a personal pension scheme for
the benefit of the discloser; and
(4) as to the balance of 86,514, by the director personally. 0.92%
Total: 7,516,514
0.09%
Total: 8%
-------------- --------------------------------------------------------------------------------------------- --------------
David Lees (1) as to 6,744,400 by Ocarina Investments Limited, a company owned by the trustees of The 7.18%
David J Lees Family Settlement. Settlor: David J Lees; Beneficiary: David J Lees; and
(2) as to the balance of 50,769 by the director personally.
Total: 6,795,169 0.05%
Total: 7.23%
-------------- --------------------------------------------------------------------------------------------- --------------
Peter Wright (1) as to 141,025 by the director personally; and 0.15%
(2) as to 200,000, jointly by the discloser and the trustee of the Kea Petroleum PLC Joint 0.21%
Share Ownership Plan, under the terms of that plan (and which shares are included in the ru
le
8.3 disclosure to be made by the trustee of that plan).
Total: 341,025
Total: 0.36%
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Peter
Mikkelsen (1) as to 20,000 by the director personally. 0.02%
-------------- --------------------------------------------------------------------------------------------- --------------
John Bentley (1) as to 51,282 by the director personally. 0.05%
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(b) Directors' rights to subscribe to Kea Petroleum Plc
shares
Director Date of grant Exercisable Number of Exercise
from shares price (p)
------------------ --------------- ------------- ---------- -----------
Ian Gowrie-Smith 15/02/2010 15/02/2013 500,000 8
------------------ --------------- ------------- ---------- -----------
David Lees 15/02/2010 15/02/2013 500,000 8
------------------ --------------- ------------- ---------- -----------
Peter Wright 15/02/2010 15/02/2013 600,000 8
------------------ --------------- ------------- ---------- -----------
John Bentley 15/02/2010 15/02/2013 200,000 8
------------------ --------------- ------------- ---------- -----------
Peter Mikkelsen 15/02/2010 15/02/2013 200,000 8
------------------ --------------- ------------- ---------- -----------
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
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(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"
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None
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
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Supplemental Form 8 (SBL) NO
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Date of disclosure: 2 March 2015
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Contact name: David Smith, Company Secretary
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Telephone number: 0207 917 8500
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Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service and must also be emailed to the
Takeover Panel at monitoring@disclosure.org.uk. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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