Form 8.3 - TITAN INTL INC

23rd Aug 2012 13:42

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:		22 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:		94,207		0.22%		28,273		0.07%
(2)		Derivatives (other than
		options):		0		0.00%		0		0.00%
(3)		Options and agreements to
		purchase/sell:		24,500		0.06%		15,000		0.04%
(4)		TOTAL:
				118,707		0.28%		43,273		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		3		22.0700 USD
ORD		Purchase		41		21.9900 USD
ORD		Purchase		100		21.8900 USD
ORD		Purchase		100		22.2700 USD
ORD		Purchase		103		22.0816 USD
ORD		Purchase		200		21.9550 USD
ORD		Purchase		200		22.0350 USD
ORD		Purchase		200		22.1900 USD
ORD		Purchase		237		22.1000 USD
ORD		Purchase		300		22.0400 USD
ORD		Purchase		400		22.0300 USD
ORD		Purchase		450		21.9800 USD
ORD		Purchase		500		22.0500 USD
ORD		Purchase		800		22.0000 USD
ORD		Purchase		1,054		22.0734 USD
ORD		Purchase		1,200		22.0225 USD
ORD		Purchase		1,300		21.9250 USD
ORD		Purchase		1,300		22.0061 USD
ORD		Purchase		1,405		22.1166 USD
ORD		Purchase		1,500		22.0996 USD
ORD		Purchase		1,800		22.1158 USD
ORD		Purchase		2,000		22.0925 USD
ORD		Purchase		2,019		22.0346 USD
ORD		Purchase		2,250		22.1537 USD
ORD		Purchase		2,378		21.9325 USD
ORD		Purchase		2,973		22.0974 USD
ORD		Purchase		3,100		22.0645 USD
ORD		Purchase		3,269		22.3072 USD
ORD		Purchase		4,200		21.9214 USD
ORD		Purchase		4,600		21.9256 USD
ORD		Purchase		5,977		22.0525 USD
ORD		Purchase		6,700		22.1077 USD
ORD		Purchase		8,000		22.0486 USD
ORD		Purchase		10,900		22.0241 USD
ORD		Sale		7		22.0600 USD
ORD		Sale		7		22.0900 USD
ORD		Sale		100		21.9100 USD
ORD		Sale		100		21.9400 USD
ORD		Sale		100		21.9700 USD
ORD		Sale		100		21.9800 USD
ORD		Sale		100		22.0001 USD
ORD		Sale		100		22.0100 USD
ORD		Sale		100		22.2500 USD
ORD		Sale		100		22.2700 USD
ORD		Sale		200		22.1300 USD
ORD		Sale		200		22.1650 USD
ORD		Sale		243		21.8683 USD
ORD		Sale		244		22.1169 USD
ORD		Sale		300		22.0283 USD
ORD		Sale		300		22.1033 USD
ORD		Sale		300		22.2300 USD
ORD		Sale		300		22.3086 USD
ORD		Sale		300		22.3200 USD
ORD		Sale		350		22.0142 USD
ORD		Sale		400		22.0150 USD
ORD		Sale		500		22.3040 USD
ORD		Sale		500		22.3060 USD
ORD		Sale		576		22.0363 USD
ORD		Sale		600		22.1458 USD
ORD		Sale		769		22.3078 USD
ORD		Sale		889		21.9300 USD
ORD		Sale		900		22.3044 USD
ORD		Sale		1,054		22.0734 USD
ORD		Sale		1,189		21.9325 USD
ORD		Sale		2,000		22.0925 USD
ORD		Sale		2,105		22.0721 USD
ORD		Sale		5,600		22.0367 USD
ORD		Sale		10,600		22.0240 USD
ORD		Sale		16,800		21.9971 USD
ORD		Sale		22,237		22.0720 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

Selling

200

20 USD

American

19 January 2013

1.7000 USD

ORD

Call Options

Selling

500

22.5 USD

American

22 September 2012

0.7500 USD

ORD

Call Options

Selling

2,500

22.5 USD

American

20 October 2012

1.4000 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:		23 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.

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

-3,900

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

3,300

22.5000

American

22 Sep 2012

ORD

Call Options

Purchased

2,500

22.5000

American

20 Oct 2012

ORD

Call Options

Purchased

2,700

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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