16th Aug 2012 14:16
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: | Barclays 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 | ||
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | TITAN INTL INC | |
| (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: | 15 August 2012
| |
| (f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer? | YES: TITAN EUROPE PLC |
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: | 4,025 | 0.01% | 33,556 | 0.08% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 0 | 0.00% | 0 | 0.00% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 29,200 | 0.07% | 20,100 | 0.05% | |||||||
| (4) | TOTAL: | ||||||||||
| 33,225 | 0.08% | 53,656 | 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 | 20.7200 USD | ||||
| ORD | Purchase | 110 | 20.3400 USD | ||||
| ORD | Purchase | 300 | 20.6983 USD | ||||
| ORD | Purchase | 400 | 20.6800 USD | ||||
| ORD | Purchase | 411 | 20.4310 USD | ||||
| ORD | Purchase | 600 | 20.7050 USD | ||||
| ORD | Purchase | 600 | 20.7366 USD | ||||
| ORD | Purchase | 671 | 20.5089 USD | ||||
| ORD | Purchase | 685 | 20.6123 USD | ||||
| ORD | Purchase | 700 | 20.6292 USD | ||||
| ORD | Purchase | 800 | 20.5087 USD | ||||
| ORD | Purchase | 800 | 20.6025 USD | ||||
| ORD | Purchase | 800 | 20.6862 USD | ||||
| ORD | Purchase | 900 | 20.7244 USD | ||||
| ORD | Purchase | 1,000 | 20.6140 USD | ||||
| ORD | Purchase | 1,000 | 20.7239 USD | ||||
| ORD | Purchase | 1,200 | 20.5691 USD | ||||
| ORD | Purchase | 1,600 | 20.6036 USD | ||||
| ORD | Purchase | 1,604 | 20.5092 USD | ||||
| ORD | Purchase | 2,200 | 20.6548 USD | ||||
| ORD | Purchase | 2,200 | 20.7319 USD | ||||
| ORD | Purchase | 2,600 | 20.7261 USD | ||||
| ORD | Purchase | 2,895 | 20.6346 USD | ||||
| ORD | Purchase | 3,700 | 20.7300 USD | ||||
| ORD | Purchase | 5,000 | 20.5648 USD | ||||
| ORD | Purchase | 5,800 | 20.5121 USD | ||||
| ORD | Purchase | 20,826 | 20.6297 USD | ||||
| ORD | Purchase | 24,408 | 20.6293 USD | ||||
| ORD | Sale | 3 | 20.5500 USD | ||||
| ORD | Sale | 100 | 20.4500 USD | ||||
| ORD | Sale | 100 | 20.4800 USD | ||||
| ORD | Sale | 100 | 20.5600 USD | ||||
| ORD | Sale | 112 | 20.7078 USD | ||||
| ORD | Sale | 123 | 20.5775 USD | ||||
| ORD | Sale | 200 | 20.6050 USD | ||||
| ORD | Sale | 200 | 20.7400 USD | ||||
| ORD | Sale | 300 | 20.7200 USD | ||||
| ORD | Sale | 400 | 20.5325 USD | ||||
| ORD | Sale | 500 | 20.5140 USD | ||||
| ORD | Sale | 500 | 20.6194 USD | ||||
| ORD | Sale | 500 | 20.6486 USD | ||||
| ORD | Sale | 530 | 20.5816 USD | ||||
| ORD | Sale | 685 | 20.6123 USD | ||||
| ORD | Sale | 700 | 20.5414 USD | ||||
| ORD | Sale | 800 | 20.4727 USD | ||||
| ORD | Sale | 900 | 20.5000 USD | ||||
| ORD | Sale | 900 | 20.5122 USD | ||||
| ORD | Sale | 900 | 20.7244 USD | ||||
| ORD | Sale | 1,100 | 20.5481 USD | ||||
| ORD | Sale | 1,200 | 20.7083 USD | ||||
| ORD | Sale | 1,600 | 20.6036 USD | ||||
| ORD | Sale | 1,602 | 20.6348 USD | ||||
| ORD | Sale | 1,700 | 20.5596 USD | ||||
| ORD | Sale | 1,944 | 20.5779 USD | ||||
| ORD | Sale | 2,169 | 20.5673 USD | ||||
| ORD | Sale | 2,200 | 20.5150 USD | ||||
| ORD | Sale | 2,200 | 20.6548 USD | ||||
| ORD | Sale | 2,485 | 20.6262 USD | ||||
| ORD | Sale | 2,760 | 20.6257 USD | ||||
| ORD | Sale | 2,895 | 20.6346 USD | ||||
| ORD | Sale | 3,487 | 20.6539 USD | ||||
| ORD | Sale | 3,700 | 20.5983 USD | ||||
| ORD | Sale | 3,700 | 20.7187 USD | ||||
| ORD | Sale | 3,797 | 20.7300 USD | ||||
| ORD | Sale | 4,087 | 20.6655 USD | ||||
| ORD | Sale | 4,500 | 20.5837 USD | ||||
| ORD | Sale | 5,000 | 20.5648 USD | ||||
| ORD | Sale | 5,696 | 20.6160 USD | ||||
| ORD | Sale | 6,974 | 20.6481 USD | ||||
| ORD | Sale | 7,600 | 20.7191 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 | 400 | 20 USD | American | 18 August 2012 | 0.1000 USD | ||||||||
| ORD | Put Options | Purchasing | 400 | 20 USD | American | 18 August 2012 | 0.2000 USD | ||||||||
| ORD | Call Options | Purchasing | 800 | 20 USD | American | 20 October 2012 | 2.0000 USD | ||||||||
| ORD | Call Options | Purchasing | 900 | 22.5 USD | American | 20 October 2012 | 0.7500 USD | ||||||||
| ORD | Call Options | Selling | 500 | 25 USD | American | 19 January 2013 | 1.0000 USD | ||||||||
| ORD | Call Options | Selling | 5,000 | 22.5 USD | American | 22 September 2012 | 0.5000 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: | 16 August 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 person whose open positions are being disclosed: | Barclays PLC. | |
| Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | TITAN INTL INC |
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 | 1,000 | 20.0000 | American | 18 Aug 2012 | |||||||
| 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 | -800 | 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 | -1,200 | 22.5000 | American | 18 Aug 2012 | |||||||
| 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 | 5,000 | 22.5000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Purchased | 3,200 | 22.5000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Purchased | 4,900 | 25.0000 | American | 18 Aug 2012 | |||||||
| ORD | Call Options | Purchased | 1,100 | 25.0000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -1,200 | 20.0000 | American | 18 Aug 2012 | |||||||
| ORD | Call Options | Written | -3,200 | 22.5000 | American | 18 Aug 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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