Form 8 (OPD) - smartFOCUS Group plc (2116F)
April 19 2011 - 12:01PM
UK Regulatory
TIDMSTF
RNS Number : 2116F
smartFOCUS Group PLC
19 April 2011
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 smartFOCUS Group plc
disclosure:
------------------------------------------------------- ---------------------
(b) Owner or controller of interests and short
positions disclosed, if different from 1(a):
------------------------------------------------------- ---------------------
(c) Name of offeror/offeree in relation to whose smartFOCUS Group plc
relevant securities this form relates:
------------------------------------------------------- ---------------------
(d) Is the party to the offer making the OFFEREE
disclosure the offeror or the offeree?
------------------------------------------------------- ---------------------
(e) Date position held: 19 April 2011
------------------------------------------------------- ---------------------
(f) Has the party previously disclosed, or is it NO
today disclosing, under 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 smartFOCUS Group Plc Ordinary Shares of 1p each
security:
-------------------------- --------------------------------------------------
Interests Short positions
-------------------------- ------------------------ ------------------------
Number % Number %
-------------------------- ------------- --------- -------------- --------
(1) Relevant Nil n/a Nil n/a
securities owned
and/or controlled:
-------------------------- ------------- --------- -------------- --------
(2) Derivatives Nil n/a Nil n/a
(other than
options):
-------------------------- ------------- --------- -------------- --------
(3) Options and Nil n/a Nil n/a
agreements to
purchase/sell:
-------------------------- ------------- --------- -------------- --------
TOTAL: Nil n/a Nil n/a
-------------------------- ------------- --------- -------------- --------
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription Nil
right exists:
------------------------------------------------------------- ----
Details, including nature of the rights concerned n/a
and relevant percentages:
------------------------------------------------------------- ----
(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):
-------------------------------------------------------------
The following holders of smartFOCUS shares have given
irrevocable undertakings to vote in favour of the
Proposals that will continue to be binding in the
event that a higher competing offer is made for smartFOCUS:
Number of Percentage of
smartFOCUS issued share
Name of holder Shares capital (%)
--------------- -------------- ---------------
Directors
--------------- -------------- ---------------
Chris Gater 335,206 0.4
--------------- -------------- ---------------
Neil Thomas 62,689 0.1
--------------- -------------- ---------------
Paul Creamer 606,923 0.6
--------------- -------------- ---------------
Jeff Maynard 985,206 1.0
--------------- -------------- ---------------
Other
--------------- -------------- ---------------
Christopher
Underhill 13,672,366 14.3
--------------- -------------- ---------------
Jonothon
Butters 5,823,212 6.1
--------------- -------------- ---------------
Antonia
Butters 276,741 0.3
--------------- -------------- ---------------
The following holders of smartFOCUS shares have given
irrevocable undertakings to vote in favour of the
Proposals that will cease to be binding in the event
that a higher competing offer is made for smartFOCUS
of at least 15 per cent. above 25 pence per ordinary
share:
Number of Percentage of
smartFOCUS issued share
Name of holder Shares capital (%)
--------------- -------------- ---------------
Forum Venture
Capital GmbH 18,160,000 19.0
--------------- -------------- ---------------
The following holders of smartFOCUS shares have given
irrevocable undertakings to vote in favour of the
Proposals that will cease to be binding in the event
that a higher competing offer is made for smartFOCUS
of at least 10 per cent. above 25 pence per ordinary
share:
Number of Percentage of
smartFOCUS issued share
Name of holder Shares capital (%)
---------------- -------------- --------------
John Charles 5,506,327 5.8
---------------- -------------- --------------
Herald
Investment
Trust plc 3,950,000 4.1
---------------- -------------- --------------
The following holder of smartFOCUS shares has given
a letter of intent to vote in favour of the Proposals:
Number of Percentage of
smartFOCUS issued share
Name of holder Shares capital (%)
---------------- -------------- --------------
Foresight VCT
plc 13,929,127 14.6
---------------- -------------- --------------
-------------------------------------------------------------
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:
-------------------------------------------------------------
Options to
Number Percentage subscribe
of of issued for
Person ordinary share smartFOCUS
acting in shares capital Group plc
concert* held (%) shares
----------- --------- ----------- -----------
Chris
Gater 335,206 0.4 Nil
----------- --------- ----------- -----------
Curt Bloom Nil Nil 1,958,452
----------- --------- ----------- -----------
Neil
Thomas 62,689 0.1 554,368
----------- --------- ----------- -----------
Paul
Creamer 606,923 0.6 710,000
----------- --------- ----------- -----------
Jeff
Maynard 985,206 1.0 Nil
----------- --------- ----------- -----------
* Each of the above is a Director of smartFOCUS
Details of options for new smartFOCUS Ordinary Shares
are set out below:
Number of
securities
Person to which Exercise Exercise
acting option or price Period /
in Product derivative per Vesting
concert description relates unit Period
--------- ------------- ----------- --------- ---------
Chris
Gater Nil n/a n/a n/a
--------- ------------- ----------- --------- ---------
Curt 2008 -
Bloom Option 806,452 12.400 2015
--------- ------------- ----------- --------- ---------
2011 -
Option 200,000 10.000 2018
----------------------- ----------- --------- ---------
2011 -
Option 800,000 10.000 2018
----------------------- ----------- --------- ---------
2011 -
Option 152,000 7.125 2018
----------------------- ----------- --------- ---------
Neil 2007 -
Thomas Option 44,168 9.000 2014
--------- ------------- ----------- --------- ---------
2010 -
Option 495,000 10.000 2017
----------------------- ----------- --------- ---------
2011 -
Option 152,000 7.125 2018
----------------------- ----------- --------- ---------
Paul 2012 -
Creamer Option 470,000 11.250 2019
--------- ------------- ----------- --------- ---------
2012 -
Option 120,000 10.000 2019
----------------------- ----------- --------- ---------
2013 -
Option 120,000 14.750 2020
----------------------- ----------- --------- ---------
Jeff Nil n/a n/a n/a
Maynard
--------- ------------- ----------- --------- ---------
-------------------------------------------------------------
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:
------------------------------------------------------------
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:
--------------------------------------------------------------
None
--------------------------------------------------------------
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
------------------------------------- ---
Supplemental Form 8 (SBL) NO
------------------------------------- ---
Date of disclosure: 19 April 2011
--------------------- -------------------
Contact name: Neil Thomas
--------------------- -------------------
Telephone number: +44(0)117 943 5800
--------------------- -------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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