14th Feb 2025 10:59
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) Full name of discloser: | Jefferies International Limited |
(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. |
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Renewi plc |
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure |
13th February 2025 |
(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 PERSON 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 following the dealing (if any)
Class of relevant security:
| 100p ordinary | |||
| Interests | Short positions | ||
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 24,377 | 0.030 |
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(2) Cash-settled derivatives:
| 220,353 | 0.273 | 342,363 | 0.424 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
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TOTAL: | 244,730 | 0.303 | 342,363 | 0.424 |
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).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: |
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Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchase/sale
| Number of securities | Price per unit (GBX) |
100p ordinary | Purchase
Sale | 250,000 600,000 25,000 151,815 2,500 50,000 297 25,822 23,255 23,881 1,000
350,000 15,000 135,000 400,000 51,701 551,815 100,000 100,000 7,687 50,000 125,000 10,000 125,000 7,637 | 788.6304 788.9640 796.0000 799.1077 807.0000 810.6480 845.0000 846.0000 851.0000 852.0000 854.0000
793.3174 810.0000 850.0000 850.3224 851.0000 851.1081 851.1480 851.3200 851.5000 851.5960 851.7444 852.0000 852.5735 853.7437 |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit (GBX) |
100p ordinary | Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap | Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position | 120,110 29,871 44,804 6,576 9,864 31,005 7,770 74,678 104,544 31,002 43,408 16,440 23,016 120,107 168,156 7,773 10,876 72,938 45,348 4,719 18,827 9,983 1,554 3,288 24,022 14,935 6,201 100,000 150,000 100,000 7,770 4,664 44,804 74,678 31,005 18,601 9,864 16,440 120,110 72,064 32,999 3,288 149,892 14,935 241,094 24,022 15,595 1,554 62,235 6,201 41,737 50,000 8,263 29,871 6,576 3,109 12,401 48,043 34,100 90,900 125,000 7,637 | 788.6304 788.6304 788.6304 788.6304 788.6304 788.6304 788.6304 788.9640 788.9640 788.9640 788.9640 788.9640 788.9640 788.9640 788.9640 788.9640 788.9640 799.1077 799.1077 799.1077 799.1077 799.1077 810.6480 810.6480 810.6480 810.6480 810.6480 788.4056 788.4056 805.5970 850.3224 850.3224 850.3224 850.3224 850.3224 850.3224 850.3224 850.3224 850.3224 850.3224 851.1081 851.1081 851.1081 851.1081 851.1081 851.1081 851.1081 851.1081 851.1081 851.1081 851.1480 851.1480 851.1480 851.3184 851.3184 851.3184 851.3184 851.3184 851.7444 851.7444 852.5735 853.7437 |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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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: 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 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: If there are no such agreements, arrangements or understandings, state "none" |
None |
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 14th February 2025 |
| Contact name: | Robin Greenwood |
| Telephone number | 020 7029 8595 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Renewi Plc