Form 8 (OPD) (Ai Claims/Quindell) (9240A)
April 05 2012 - 7:30AM
UK Regulatory
TIDMACS
RNS Number : 9240A
AI Claims Solutions PLC
05 April 2012
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) Identity of the party to the offer making the disclosure: Ai Claims Solutions plc
(b) Owner or controller of interests and short positions disclosed, if -
different from 1(a):
The naming of nominee or vehicle companies is insufficient
------------------------------------------
(c) Name of offeror/offeree in relation to whose relevant securities this Ai Claims Solutions plc
form relates:
Use a separate form for each party to the offer
------------------------------------------
(d) Is the party to the offer making the disclosure the offeror or the OFFEREE
offeree?
------------------------------------------
(e) Date position held: 5 April 2012
------------------------------------------
(f) Has the party previously disclosed, or is it today disclosing, under YES , Quindell Portfolio plc, the offeror
the Code in respect
of any other party to this offer?
------------------------------------------
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security: 10 PENCE ORDINARY
Interests Short positions
------------ ------------------
Number % Number %
-------- ------------- ---
(1) Relevant securities owned and/or controlled: - - - -
-------- ------------- ---
(2) Derivatives (other than options): - - - -
-------- ------------- ---
(3) Options and agreements to purchase/sell: - - - -
-------- ------------- ---
- - - -
TOTAL:
-------- ------------- ---
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, 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: NONE
-----
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.
(c) Irrevocable commitments and letters of intent
Details of any irrevocable commitments or letters of intent procured by the party to the offer
making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of
the Code):
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 of any person acting in
concert with the party to the offer making the disclosure:
ORDINARY SHARES PER CENT OF
ISSUED SHARE
NUMBER CAPITAL
--------
C Baker (Director) 20,000 0.03%
-------- --------------
S Broughton (Director) 119,495 0.19%
-------- --------------
P Harrison (Director) 142,530 0.24%
-------- --------------
D Sandhu (Director) 240,485 0.40%
-------- --------------
TOTAL 522,510 0.86%
-------- --------------
S BROUGHTON P HARRISON D SANDHU
2002 CSOP Amount 67,500
---------------- ---------------- ----------------
Grant Date 22 Aug 02
---------------- ---------------- ----------------
Exercise Price 25.0p per share
---------------- ---------------- ----------------
Vesting Date 22 Aug 05
---------------- ---------------- ----------------
2002 CSOP Amount 47,727
---------------- ---------------- ----------------
Grant Date 9 Jun 03
---------------- ---------------- ----------------
Exercise Price 27.5p per share
---------------- ---------------- ----------------
Vesting Date 9 Jun 06
---------------- ---------------- ----------------
TOTAL 2002 CSOP
SHARES UNDER
OPTION - - 115,227
---------------- ---------------- ----------------
2007 LTIP Amount 75,000 243,000
---------------- ---------------- ----------------
Grant Date 8 Nov 10 8 Nov 10
---------------- ---------------- ----------------
Exercise Price 0.0p per share 0.0p per share
---------------- ---------------- ----------------
Vesting Date 8 Nov 13 8 Nov 13
---------------- ---------------- ----------------
TOTAL 2007 LTIP
SHARES - 75,000 243,000
---------------- ---------------- ----------------
1999 USOP Amount 102,273
---------------- ---------------- ----------------
Grant Date 9 Jun 03
---------------- ---------------- ----------------
Exercise Price 27.5p per share
---------------- ---------------- ----------------
Vesting Date 9 Jun 06
---------------- ---------------- ----------------
1999 USOP Amount 100,000
---------------- ---------------- ----------------
Grant Date 1 Oct 04
---------------- ---------------- ----------------
Exercise Price 30.5p per share
---------------- ---------------- ----------------
Vesting Date 1 Oct 07
---------------- ---------------- ----------------
1999 USOP Amount 500,000 500,000
---------------- ---------------- ----------------
Grant Date 1 May 08 1 May 08
---------------- ---------------- ----------------
Exercise Price 20.0p per share 20.0p per share
---------------- ---------------- ----------------
Vesting Date 1 May 11 1 May 11
---------------- ---------------- ----------------
TOTAL 1999 USOP
SHARES UNDER
OPTION - 75,000 243,000
---------------- ---------------- ----------------
2011 USOP Amount 1,600,000 2,000,000
---------------- ---------------- ----------------
Grant Date 1 Mar 11 1 Mar 11
---------------- ---------------- ----------------
Exercise Price 20.0p per share 20.0p per share
---------------- ---------------- ----------------
Vesting Date 1 Mar 13 1 Mar 13
---------------- ---------------- ----------------
TOTAL 2011 USOP
SHARES UNDER
OPTION - 1,600,000 2,000,000
---------------- ---------------- ----------------
2011 SB USOP
Amount 2,000,000
---------------- ---------------- ----------------
Grant Date 1 Mar 11
---------------- ---------------- ----------------
Exercise Price 20.0p per share
---------------- ---------------- ----------------
Vesting Date 1 Mar 13
---------------- ---------------- ----------------
TOTAL 2011 SB
USOP SHARES UNDER
OPTION 2,000,000 - -
---------------- ---------------- ----------------
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 3 for each additional class of
relevant security.
Details of any open derivative or option positions, 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:
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: 5 APRIL 2012
Contact name: PAUL MCCARTHY
--------------
Telephone number: 0844 571 3227
--------------
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 dealing 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
END
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