Philex Petroleum Corporation Form 8 (OPD) - Forum Energy Plc (5888L)
April 28 2015 - 11:21AM
UK Regulatory
TIDMFEP
RNS Number : 5888L
Philex Petroleum Corporation
28 April 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: Philex Petroleum Corporation ("Philex")
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(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.
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(c) Name of offeror/offeree in relation to whose relevant securities this Forum Energy plc ("Forum")
form relates:
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEROR
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(e) Date position held: 27 April 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 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"
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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 10p each ("Forum Shares")
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Interests Short positions
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Number % Number %
--------------------------------------------------------------- ------------------- ------------ ------------- ---
(1) Relevant securities owned and/or controlled: 12,953,504 36.44% 0 0
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(2) Cash-settled derivatives: 0 0 0 0
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(3) Stock-settled derivatives (including options) and
agreements to purchase/sell: 0 0 0 0
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TOTAL: 12,953,504 36.44% 0 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: N/A
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Details, including nature of the rights concerned and relevant percentages: N/A
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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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Number % of Forum
of Forum issued
Name Shares share capital
FEC Resources, Inc. 5,000,000 14.06%
Ferlim Nominees Limited*
(on behalf of FEC
Resources) 3,550,200 9.99%
Asia Link B.V. 1,185,000 3.33%
*Ferlim Nominees Limited holds a total of 3,579,090 Forum Shares, representing 10.07% of the
issued share capital of Forum. The remaining 28,890 Forum Shares held by Ferlim Nominees Limited
(0.08% of Forum issued share capital) are held on behalf of other third parties, which are
not acting in concert with Philex.
Although they do not directly hold any securities in Forum, Philex Mining Corporation holds
64.79% of the voting rights in Philex. In addition, First Pacific Company Limited holds 100%
of the voting rights in Asia Link B.V., 46.18% of the voting rights in Philex Mining Corporation
and 16.78% of the voting rights in Philex.
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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"
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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: 28 April 2015
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Contact name: Paul Wallace
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Telephone number: +85 262 92 6278
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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
END
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