20th Oct 2011 17:19
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Identity of the person whose positions/dealings are being disclosed: | Mr Kenneth Ronald Smith |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): | - |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: | Clarity Commerce Solutions PLC, (the "Company") |
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: | - |
(e) Date position held/dealing undertaken: | 19/10/11 |
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer? | NO
|
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
| Ordinary shares of 25 pence each in the Company | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 445,000 | 1.07 | 0 | 0 |
(2) Derivatives (other than options): | 0 | 0 | 0 | 0 |
(3) Options and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 445,000 | 1.07 | 0 | 0 |
(b) Rights to subscribe for new securities (including directors' and other executive options)
Class of relevant security in relation to which subscription right exists: | Options over ordinary shares of 25 pence each in the Company | |||||||||||||||||||||||
Details, including nature of the rights concerned and relevant percentages: |
* Shares arising from 2010 EBT options may not be sold until 30/9/12 unless there is a change of control of the Company ** 2010 EMI options vest only upon change of control of the Company | |||||||||||||||||||||||
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Class of relevant security | Purchase/sale
| Number of securities | Price per unit |
|
(b) Derivatives transactions (other than options)
Class of relevant security | Product description
| Nature of dealing
| Number of reference securities | Price per unit |
|
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type
| Expiry date | Option money paid/ received per unit |
(ii) Exercising
Class of relevant security | Product description
| Number of securities | Exercise price per unit |
|
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing
| Details | Price per unit (if applicable) |
|
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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: |
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure 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
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 20/10/11 |
| Contact name: | Sara Anscombe - Thesis Asset Management |
| Telephone number: | 01483 304183 |
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