19th Sep 2012 16:04
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 | Barclays PLC. | |
| are being disclosed: | |||
| (b) | Owner or controller of interest and short | ||
| positions disclosed, if different from 1(a): | |||
| (c) | Name of offeror/offeree in relation to whose | TITAN INTL INC | |
| relevant securities this form relates: | |||
| (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: | 18 September 2012 | |
| (f) | Has the discloser previously disclosed, or are | YES: | |
| they today disclosing, under the Code in respect | TITAN EUROPE PLC | ||
| of any other party to this offer? |
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: | ORD | |||||||||
| Interests | Short Positions | |||||||||
| Number | (%) | Number | (%) | |||||||
| (1) | Relevant securities owned | |||||||||
| and/or controlled: | 507,760 | 1.20% | 30,359 | 0.07% | ||||||
| (2) | Derivatives (other than | |||||||||
| options): | 0 | 0.00% | 0 | 0.00% | ||||||
| (3) | Options and agreements to | |||||||||
| purchase/sell: | 42,000 | 0.10% | 24,000 | 0.06% | ||||||
| (4) | TOTAL: | |||||||||
| 549,760 | 1.30% | 54,359 | 0.13% |
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, 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 executive options)
| Class of relevant security in relation to which subscription right exists: | |
| Details, including nature of the rights concerned and relevant percentages: |
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.
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security | securities | ||||||
| ORD | Purchase | 100 | 19.3100 USD | ||||
| ORD | Purchase | 100 | 19.3900 USD | ||||
| ORD | Purchase | 100 | 19.4200 USD | ||||
| ORD | Purchase | 180 | 19.5500 USD | ||||
| ORD | Purchase | 200 | 19.2900 USD | ||||
| ORD | Purchase | 200 | 19.3050 USD | ||||
| ORD | Purchase | 200 | 19.3200 USD | ||||
| ORD | Purchase | 216 | 19.3350 USD | ||||
| ORD | Purchase | 300 | 19.1600 USD | ||||
| ORD | Purchase | 300 | 19.4033 USD | ||||
| ORD | Purchase | 300 | 19.4100 USD | ||||
| ORD | Purchase | 300 | 19.5433 USD | ||||
| ORD | Purchase | 400 | 19.2000 USD | ||||
| ORD | Purchase | 434 | 19.4500 USD | ||||
| ORD | Purchase | 500 | 19.2300 USD | ||||
| ORD | Purchase | 500 | 19.2400 USD | ||||
| ORD | Purchase | 500 | 19.5260 USD | ||||
| ORD | Purchase | 500 | 19.6660 USD | ||||
| ORD | Purchase | 600 | 19.2333 USD | ||||
| ORD | Purchase | 700 | 19.3024 USD | ||||
| ORD | Purchase | 700 | 19.4707 USD | ||||
| ORD | Purchase | 700 | 19.5471 USD | ||||
| ORD | Purchase | 700 | 19.5828 USD | ||||
| ORD | Purchase | 784 | 19.3217 USD | ||||
| ORD | Purchase | 799 | 19.4251 USD | ||||
| ORD | Purchase | 900 | 19.5166 USD | ||||
| ORD | Purchase | 913 | 19.7614 USD | ||||
| ORD | Purchase | 938 | 19.3190 USD | ||||
| ORD | Purchase | 1,000 | 19.4900 USD | ||||
| ORD | Purchase | 1,053 | 19.2961 USD | ||||
| ORD | Purchase | 1,100 | 19.4527 USD | ||||
| ORD | Purchase | 1,200 | 19.2500 USD | ||||
| ORD | Purchase | 1,200 | 19.2875 USD | ||||
| ORD | Purchase | 1,400 | 19.5427 USD | ||||
| ORD | Purchase | 1,484 | 19.3030 USD | ||||
| ORD | Purchase | 1,500 | 19.4826 USD | ||||
| ORD | Purchase | 1,500 | 19.6006 USD | ||||
| ORD | Purchase | 1,600 | 19.3387 USD | ||||
| ORD | Purchase | 1,743 | 19.4976 USD | ||||
| ORD | Purchase | 1,800 | 19.4622 USD | ||||
| ORD | Purchase | 1,900 | 19.3405 USD | ||||
| ORD | Purchase | 1,900 | 19.5311 USD | ||||
| ORD | Purchase | 1,963 | 19.3277 USD | ||||
| ORD | Purchase | 2,000 | 19.5000 USD | ||||
| ORD | Purchase | 2,020 | 19.4322 USD | ||||
| ORD | Purchase | 2,100 | 19.5028 USD | ||||
| ORD | Purchase | 2,100 | 19.6422 USD | ||||
| ORD | Purchase | 2,172 | 19.4644 USD | ||||
| ORD | Purchase | 2,600 | 19.2984 USD | ||||
| ORD | Purchase | 2,900 | 19.3264 USD | ||||
| ORD | Purchase | 3,000 | 19.5276 USD | ||||
| ORD | Purchase | 3,000 | 19.5602 USD | ||||
| ORD | Purchase | 3,272 | 19.3468 USD | ||||
| ORD | Purchase | 3,383 | 19.3531 USD | ||||
| ORD | Purchase | 3,588 | 19.4845 USD | ||||
| ORD | Purchase | 3,807 | 20.1491 USD | ||||
| ORD | Purchase | 4,228 | 19.3701 USD | ||||
| ORD | Purchase | 4,342 | 19.4129 USD | ||||
| ORD | Purchase | 4,386 | 19.4297 USD | ||||
| ORD | Purchase | 5,002 | 19.4667 USD | ||||
| ORD | Purchase | 5,400 | 19.3941 USD | ||||
| ORD | Purchase | 5,487 | 19.3532 USD | ||||
| ORD | Purchase | 6,684 | 19.4489 USD | ||||
| ORD | Purchase | 6,843 | 19.4978 USD | ||||
| ORD | Purchase | 7,800 | 19.3156 USD | ||||
| ORD | Purchase | 8,668 | 19.3554 USD | ||||
| ORD | Purchase | 9,807 | 19.4982 USD | ||||
| ORD | Purchase | 10,498 | 19.3446 USD | ||||
| ORD | Purchase | 15,204 | 19.5412 USD | ||||
| ORD | Purchase | 19,300 | 19.4193 USD | ||||
| ORD | Purchase | 39,870 | 19.3487 USD | ||||
| ORD | Sale | 100 | 19.2500 USD | ||||
| ORD | Sale | 100 | 20.1500 USD | ||||
| ORD | Sale | 100 | 20.1900 USD | ||||
| ORD | Sale | 172 | 19.2900 USD | ||||
| ORD | Sale | 200 | 19.3650 USD | ||||
| ORD | Sale | 207 | 20.1516 USD | ||||
| ORD | Sale | 300 | 19.3000 USD | ||||
| ORD | Sale | 300 | 19.4000 USD | ||||
| ORD | Sale | 300 | 19.4100 USD | ||||
| ORD | Sale | 400 | 19.3042 USD | ||||
| ORD | Sale | 400 | 19.3200 USD | ||||
| ORD | Sale | 400 | 20.1550 USD | ||||
| ORD | Sale | 500 | 19.3762 USD | ||||
| ORD | Sale | 500 | 19.4560 USD | ||||
| ORD | Sale | 500 | 19.4900 USD | ||||
| ORD | Sale | 500 | 20.1400 USD | ||||
| ORD | Sale | 500 | 20.1740 USD | ||||
| ORD | Sale | 600 | 19.2316 USD | ||||
| ORD | Sale | 700 | 19.4707 USD | ||||
| ORD | Sale | 743 | 19.3880 USD | ||||
| ORD | Sale | 751 | 19.7435 USD | ||||
| ORD | Sale | 800 | 19.4735 USD | ||||
| ORD | Sale | 880 | 19.3793 USD | ||||
| ORD | Sale | 900 | 19.6211 USD | ||||
| ORD | Sale | 900 | 20.1478 USD | ||||
| ORD | Sale | 1,000 | 19.5000 USD | ||||
| ORD | Sale | 1,100 | 19.2409 USD | ||||
| ORD | Sale | 1,100 | 19.3927 USD | ||||
| ORD | Sale | 1,100 | 19.4527 USD | ||||
| ORD | Sale | 1,100 | 20.1363 USD | ||||
| ORD | Sale | 1,162 | 19.3100 USD | ||||
| ORD | Sale | 1,200 | 19.2391 USD | ||||
| ORD | Sale | 1,200 | 19.4041 USD | ||||
| ORD | Sale | 1,244 | 19.3574 USD | ||||
| ORD | Sale | 1,300 | 19.4692 USD | ||||
| ORD | Sale | 1,600 | 19.3800 USD | ||||
| ORD | Sale | 1,800 | 19.4833 USD | ||||
| ORD | Sale | 1,875 | 19.3613 USD | ||||
| ORD | Sale | 1,901 | 19.2373 USD | ||||
| ORD | Sale | 2,400 | 19.5816 USD | ||||
| ORD | Sale | 2,900 | 19.3264 USD | ||||
| ORD | Sale | 3,900 | 19.5625 USD | ||||
| ORD | Sale | 4,013 | 19.4500 USD | ||||
| ORD | Sale | 4,200 | 19.4310 USD | ||||
| ORD | Sale | 4,800 | 19.4132 USD | ||||
| ORD | Sale | 6,684 | 19.4489 USD | ||||
| ORD | Sale | 7,618 | 19.2819 USD | ||||
| ORD | Sale | 7,800 | 19.3156 USD | ||||
| ORD | Sale | 8,580 | 19.3304 USD | ||||
| ORD | Sale | 10,700 | 19.3693 USD | ||||
| ORD | Sale | 11,582 | 19.3307 USD | ||||
| ORD | Sale | 16,000 | 19.4384 USD | ||||
| ORD | Sale | 21,800 | 19.4232 USD | ||||
| ORD | Sale | 35,000 | 19.3952 USD | ||||
| ORD | Sale | 47,529 | 19.4854 USD |
(b) Derivatives transactions (other than options)
| 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 |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option | ||||||||
| of | description | purchasing, | of | price | date | money | |||||||||
| relevant | selling, | securities | per unit | paid/ | |||||||||||
| security | varying etc | to which | received | ||||||||||||
| option | per unit | ||||||||||||||
| relates | |||||||||||||||
| ORD | Put Options | Purchasing | 1,000 | 20 USD | American | 19 January 2013 | 0.2350 USD | ||||||||
| ORD | Put Options | Purchasing | 1,500 | 20 USD | American | 20 October 2012 | 0.1200 USD | ||||||||
| ORD | Call Options | Purchasing | 1,600 | 20 USD | American | 20 October 2012 | 0.6500 USD | ||||||||
| ORD | Call Options | Selling | 100 | 25 USD | American | 19 January 2013 | 0.4500 USD | ||||||||
| ORD | Put Options | Selling | 2,500 | 20 USD | American | 20 October 2012 | 0.1300 USD | ||||||||
| ORD | Call Options | Selling | 4,400 | 22.5 USD | American | 20 October 2012 | 0.2000 USD |
(ii) Exercising
| Class of relevant security | Product description e.g. call option | Number of securities | Exercise price per unit |
(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) |
The currency of all prices and other monetary amounts should be stated.
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.
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: 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? | YES |
| Date of disclosure: | 19 Sep 2012 | |
| Contact name: | Geoff Smith | |
| Telephone number: | 020 7116 2913 |
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 [email protected]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
143221.01
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
| Identity of the person whose positions/dealings | Barclays PLC. | |
| are being disclosed: | ||
| Name of offeror/offeree in relation to whose | TITAN INTL INC | |
| relevant securities this from relates: |
2. OPTIONS AND DERIVATIVES
| Class | Product | Writing, | Number | Exercise | Type | Expiry | |||||||
| of | description | purchasing, | of | price | date | ||||||||
| relevant | selling, | securities | per unit | ||||||||||
| security | varying etc | to which | |||||||||||
| option | |||||||||||||
| relates | |||||||||||||
| ORD | Put Options | Purchased | 1,000 | 12.5000 | American | 20 Oct 2012 | |||||||
| ORD | Put Options | Purchased | 2,000 | 12.5000 | American | 19 Jan 2013 | |||||||
| ORD | Put Options | Purchased | 100 | 12.5000 | American | 20 Apr 2013 | |||||||
| ORD | Put Options | Purchased | 8,100 | 17.5000 | American | 20 Oct 2012 | |||||||
| ORD | Put Options | Purchased | 3,300 | 20.0000 | American | 22 Sep 2012 | |||||||
| ORD | Put Options | Purchased | 9,900 | 20.0000 | American | 19 Jan 2013 | |||||||
| ORD | Put Options | Purchased | 900 | 20.0000 | American | 20 Apr 2013 | |||||||
| ORD | Put Options | Purchased | 500 | 25.0000 | American | 20 Oct 2012 | |||||||
| ORD | Put Options | Purchased | 1,200 | 35.0000 | American | 19 Jan 2013 | |||||||
| ORD | Put Options | Written | -1,000 | 20.0000 | American | 20 Oct 2012 | |||||||
| ORD | Put Options | Written | -3,600 | 22.5000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Purchased | 4,000 | 20.0000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Purchased | 7,100 | 22.5000 | American | 22 Sep 2012 | |||||||
| ORD | Call Options | Purchased | 2,900 | 22.5000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Purchased | 1,000 | 25.0000 | American | 22 Sep 2012 | |||||||
| ORD | Call Options | Written | -4,100 | 17.5000 | American | 22 Sep 2012 | |||||||
| ORD | Call Options | Written | -3,600 | 20.0000 | American | 22 Sep 2012 | |||||||
| ORD | Call Options | Written | -800 | 22.5000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -5,400 | 25.0000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Written | -2,200 | 30.0000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -3,300 | 35.0000 | American | 20 Oct 2012 |
3. AGREEMENTS TO PURCHASE OR SELL ETC.
| Full details should be given so that the nature of the interest or position can be fully understood: |
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.
The currency of all prices and other monetary amounts should be stated.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Copyright Business Wire 2012
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