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Form 8 (OPD) (Sirius Minerals)

21st Jan 2020 14:54

RNS Number : 4925A
Sirius Minerals plc
21 January 2020
 

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:

Sirius Minerals 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. For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Sirius Minerals Plc

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

The latest practicable date prior to the disclosure

20 January 2020

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

N/A

 

 

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 0.25 PENCE EACH

(ISIN: GB00B0DG3H29)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

Class of relevant security:

 

8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023

(ISIN: XS1515223516)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

Class of relevant security:

 

5% GUARANTEED CONVERTIBLE BONDS DUE 2027

(ISIN: XS1991118255)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

Class of relevant security:

 

AMERICAN DEPOSITARY RECEIPTS (ADR) PROGRAM

 (ISIN: US82967P1030)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

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

Details, including nature of the rights concerned and relevant percentages:

N/A

 

 

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:

3(a) Interests held by directors of Sirius Minerals Plc and their close relatives and related trusts (excluding options and awards set out below)

 

NAME

NUMBER OF ORDINARY

SHARES

PERCENTAGE OF TOTAL

ISSUED ORDINARY SHARE

CAPITAL (%)

INTERESTS IN 8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023 (XS1515223516)

INTERESTS IN 5% GUARANTEED CONVERTIBLE BONDS DUE 2027 (XS1991118255)

 

INTERESTS IN ADR PROGRAM

Russell Scrimshaw

45,645,005

0.65

Nil

Nil

Nil

Chris Fraser

123,997,368

1.77

Nil

Nil

Nil

Thomas Staley

1,187,139

0.02

Nil

Nil

Nil

John Hutton

30,856

0.0004

Nil

Nil

Nil

Jane Lodge

601,822

0.009

Nil

Nil

Nil

Noel Harwerth

101,303

0.001

Nil

Nil

Nil

Keith Clarke

899,144

0.01

Nil

Nil

Nil

Louise Hardy

0

0

Nil

Nil

Nil

 

3(b) Options and awards held by directors of Sirius Minerals Plc in Sirius Minerals Plc shares

 

i. Chris Fraser

 

Description of award / option

Date of award

Number of shares

Exercise Price

Vesting Date

Ordinary award 2016

13 May 2016

413,002

Nil

TBD - awards vest on achievement of the relevant milestone

Ordinary award 2017

26 June 2017

1,479,452

Nil

TBD - awards vest on achievement of the relevant milestone

Ordinary award 2018

26 June 2018

2,994,767

Nil

TBD - awards vest on achievement of the relevant milestone

ETA award 2018

26 June 2018

4,492,151

Nil

TBD - awards vest on achievement of the relevant milestone

Ordinary award 2019

28 June 2019

6,918,919

Nil

TBD - awards vest on achievement of the relevant milestone

 

ii. Thomas Staley

 

Description of award / option

Date of award

Number of shares

Exercise Price

Vesting Date

USOP option

27 January 2015

1,240,768

29.0 Pence

27 January 2018 to 27 January 2025

CSOP option

27 January 2015

311,729

29.0 Pence

27 January 2018 to 27 January 2025

Milestone award

27 January 2015

1,000,000

Nil

TBD - awards vest on achievement of the relevant milestone

Ordinary award 2017

26 June 2017

602,740

Nil

TBD - awards vest on achievement of the relevant milestone

Ordinary award 2018

26 June 2018

1,820,503

Nil

TBD - awards vest on achievement of the relevant milestone

ETA award 2018

26 June 2018

3,120,862

Nil

TBD - awards vest on achievement of the relevant milestone

Ordinary award 2019

28 June 2019

4,205,974

Nil

TBD - awards vest on achievement of the relevant milestone

 

iii. John Hutton

 

Description of award / option

Date of award

Number of shares

Exercise Price

Vesting Date

USOP option

30 January 2012

1,862,997

29.0 Pence

30 January 2015 to 29 January 2022

 

iv. Keith Clarke

 

Description of award / option

Date of award

Number of shares

Exercise Price

Vesting Date

USOP option

23 December 2013

1,862,997

29.0 Pence

23 December 2016 to 22 December 2023

 

3(c) Interests held by advisers of Sirius Minerals Plc

 

i. J.P. Morgan Securities Plc1

 

Ordinary Shares

 

Class of relevant security:

 

ORDINARY SHARES OF 0.25 PENCE EACH

(ISIN: GB00B0DG3H29)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

2

0.00000002849

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

1The interests are held by J.P. Morgan Chase Bank (Custody)

 

8.5% Guaranteed Convertible Bonds Due 2023

 

Class of relevant security:

 

8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023

(ISIN: XS1515223516)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

5% Guaranteed Convertible Bonds Due 2027

 

Class of relevant security:

 

5% GUARANTEED CONVERTIBLE BONDS DUE 2027

(ISIN: XS1991118255)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

ADR Program

 

Class of relevant security:

 

ADR PROGRAM

 (ISIN: US82967P1030)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

ii. Lazard & Co Limited

 

Ordinary Shares

 

Class of relevant security:

 

ORDINARY SHARES OF 0.25 PENCE EACH

(ISIN: GB00B0DG3H29)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

8.5% Guaranteed Convertible Bonds Due 2023

 

Class of relevant security:

 

8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023

(ISIN: XS1515223516)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

5% Guaranteed Convertible Bonds Due 2027

 

Class of relevant security:

 

5% GUARANTEED CONVERTIBLE BONDS DUE 2027

(ISIN: XS1991118255)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

ADR Program

 

Class of relevant security:

 

ADR PROGRAM

 (ISIN: US82967P1030)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

iii. Liberum Capital

 

Ordinary Shares

 

Class of relevant security:

 

ORDINARY SHARES OF 0.25 PENCE EACH

(ISIN: GB00B0DG3H29)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

8.5% Guaranteed Convertible Bonds Due 2023

 

Class of relevant security:

 

8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023

(ISIN: XS1515223516)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

5% Guaranteed Convertible Bonds Due 2027

 

Class of relevant security:

 

5% GUARANTEED CONVERTIBLE BONDS DUE 2027

(ISIN: XS1991118255)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

ADR Program

 

Class of relevant security:

 

ADR PROGRAM

 (ISIN: US82967P1030)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

iv. Shore Capital

 

Ordinary Shares

 

Class of relevant security:

 

ORDINARY SHARES OF 0.25 PENCE EACH

(ISIN: GB00B0DG3H29)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

8.5% Guaranteed Convertible Bonds Due 2023

 

Class of relevant security:

 

8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023

(ISIN: XS1515223516)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

5% Guaranteed Convertible Bonds Due 2027

 

Class of relevant security:

 

5% GUARANTEED CONVERTIBLE BONDS DUE 2027

(ISIN: XS1991118255)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

ADR Program

 

Class of relevant security:

 

ADR PROGRAM

 (ISIN: US82967P1030)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

v. Edelman

 

Ordinary Shares

 

Class of relevant security:

 

ORDINARY SHARES OF 0.25 PENCE EACH

(ISIN: GB00B0DG3H29)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

8.5% Guaranteed Convertible Bonds Due 2023

 

Class of relevant security:

 

8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023

(ISIN: XS1515223516)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

5% Guaranteed Convertible Bonds Due 2027

 

Class of relevant security:

 

5% GUARANTEED CONVERTIBLE BONDS DUE 2027

(ISIN: XS1991118255)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

ADR Program

 

Class of relevant security:

 

ADR PROGRAM

 (ISIN: US82967P1030)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

 

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-

 

TOTAL:

Nil

-

Nil

-

 

 

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"

 

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:

21 January 2020

Contact name:

Nick King, General Counsel and Company Secretary

Telephone number:

+44 (0)203 327 3660

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Related Shares:

Sirius Minerals
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