Form 8.3 - TITAN INTL INC

21st Aug 2012 14:18

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:		20 August 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:		43,256		0.10%		29,481		0.07%
(2)		Derivatives (other than
		options):		0		0.00%		0		0.00%
(3)		Options and agreements to
		purchase/sell:		28,000		0.07%		14,800		0.03%
(4)		TOTAL:
				71,256		0.17%		44,281		0.10%

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		23		21.7900 USD
ORD		Purchase		32		21.7300 USD
ORD		Purchase		193		21.7046 USD
ORD		Purchase		200		21.5850 USD
ORD		Purchase		200		21.7600 USD
ORD		Purchase		200		21.7750 USD
ORD		Purchase		200		21.8000 USD
ORD		Purchase		300		21.6533 USD
ORD		Purchase		300		21.7200 USD
ORD		Purchase		300		21.7400 USD
ORD		Purchase		400		21.6525 USD
ORD		Purchase		500		21.7040 USD
ORD		Purchase		500		21.7160 USD
ORD		Purchase		500		21.7380 USD
ORD		Purchase		500		21.7580 USD
ORD		Purchase		600		21.8133 USD
ORD		Purchase		700		21.5800 USD
ORD		Purchase		700		21.6900 USD
ORD		Purchase		700		21.7168 USD
ORD		Purchase		700		21.7357 USD
ORD		Purchase		721		21.8300 USD
ORD		Purchase		800		21.7225 USD
ORD		Purchase		800		21.7650 USD
ORD		Purchase		1,000		21.6990 USD
ORD		Purchase		1,200		21.6466 USD
ORD		Purchase		1,205		21.7311 USD
ORD		Purchase		2,000		21.7411 USD
ORD		Purchase		4,080		21.7090 USD
ORD		Purchase		5,600		21.7449 USD
ORD		Purchase		6,295		21.7316 USD
ORD		Purchase		16,100		21.7445 USD
ORD		Sale		26		21.7284 USD
ORD		Sale		74		21.7291 USD
ORD		Sale		260		21.7700 USD
ORD		Sale		300		21.7100 USD
ORD		Sale		300		21.7666 USD
ORD		Sale		300		21.8100 USD
ORD		Sale		300		21.8167 USD
ORD		Sale		380		21.7473 USD
ORD		Sale		400		21.6525 USD
ORD		Sale		400		21.7200 USD
ORD		Sale		500		21.7400 USD
ORD		Sale		501		21.7000 USD
ORD		Sale		600		21.6916 USD
ORD		Sale		600		21.7233 USD
ORD		Sale		600		21.7633 USD
ORD		Sale		700		21.7357 USD
ORD		Sale		800		21.7225 USD
ORD		Sale		800		21.7625 USD
ORD		Sale		900		21.7444 USD
ORD		Sale		1,000		21.5800 USD
ORD		Sale		1,300		21.7300 USD
ORD		Sale		1,400		21.7168 USD
ORD		Sale		1,400		21.7507 USD
ORD		Sale		1,400		21.7623 USD
ORD		Sale		1,500		21.7046 USD
ORD		Sale		1,700		21.7141 USD
ORD		Sale		1,900		21.7515 USD
ORD		Sale		2,500		21.7441 USD
ORD		Sale		2,600		21.6719 USD
ORD		Sale		2,800		21.7428 USD
ORD		Sale		3,900		21.7446 USD
ORD		Sale		5,600		21.7449 USD
ORD		Sale		10,500		21.7329 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

900

20 USD

American

20 April 2013

2.2500 USD

ORD

Put Options

Selling

300

20 USD

American

22 September 2012

0.4500 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:		21 Aug 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.

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

8,100

17.5000

American

20 Oct 2012

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

-1,100

20.0000

American

22 Sep 2012

ORD

Put Options

Written

-200

20.0000

American

20 Oct 2012

ORD

Put Options

Written

-3,700

20.0000

American

19 Jan 2013

ORD

Put Options

Written

-3,300

22.5000

American

20 Oct 2012

ORD

Call Options

Purchased

1,200

20.0000

American

20 Oct 2012

ORD

Call Options

Purchased

3,800

22.5000

American

22 Sep 2012

ORD

Call Options

Purchased

5,000

22.5000

American

20 Oct 2012

ORD

Call Options

Purchased

3,200

22.5000

American

19 Jan 2013

ORD

Call Options

Purchased

1,100

25.0000

American

20 Oct 2012

ORD

Call Options

Written

-1,000

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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Barclays