5th Oct 2012 15:55
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: | 4 October 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: | 681,203 | 1.61% | 32,687 | 0.08% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 0 | 0.00% | 0 | 0.00% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 50,900 | 0.12% | 88,500 | 0.21% | |||||||
| (4) | TOTAL: | ||||||||||
| 732,103 | 1.73% | 121,187 | 0.29% | ||||||||
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 | 9 | 18.4000 USD | ||||
| ORD | Purchase | 16 | 18.3400 USD | ||||
| ORD | Purchase | 100 | 18.4200 USD | ||||
| ORD | Purchase | 102 | 18.6201 USD | ||||
| ORD | Purchase | 138 | 18.6089 USD | ||||
| ORD | Purchase | 278 | 18.6212 USD | ||||
| ORD | Purchase | 291 | 18.3356 USD | ||||
| ORD | Purchase | 300 | 18.3620 USD | ||||
| ORD | Purchase | 300 | 18.3733 USD | ||||
| ORD | Purchase | 300 | 18.3900 USD | ||||
| ORD | Purchase | 476 | 18.5375 USD | ||||
| ORD | Purchase | 500 | 18.3840 USD | ||||
| ORD | Purchase | 500 | 18.4680 USD | ||||
| ORD | Purchase | 541 | 18.4595 USD | ||||
| ORD | Purchase | 600 | 18.4700 USD | ||||
| ORD | Purchase | 600 | 18.5683 USD | ||||
| ORD | Purchase | 697 | 18.5797 USD | ||||
| ORD | Purchase | 765 | 18.5507 USD | ||||
| ORD | Purchase | 800 | 18.4625 USD | ||||
| ORD | Purchase | 900 | 18.3822 USD | ||||
| ORD | Purchase | 1,100 | 18.4723 USD | ||||
| ORD | Purchase | 1,100 | 18.6172 USD | ||||
| ORD | Purchase | 1,778 | 18.5946 USD | ||||
| ORD | Purchase | 1,802 | 18.4400 USD | ||||
| ORD | Purchase | 3,400 | 18.6326 USD | ||||
| ORD | Purchase | 11,100 | 18.3756 USD | ||||
| ORD | Purchase | 12,397 | 18.4952 USD | ||||
| ORD | Sale | 16 | 18.3400 USD | ||||
| ORD | Sale | 100 | 18.3600 USD | ||||
| ORD | Sale | 100 | 18.3700 USD | ||||
| ORD | Sale | 100 | 18.4100 USD | ||||
| ORD | Sale | 100 | 18.4200 USD | ||||
| ORD | Sale | 200 | 18.3500 USD | ||||
| ORD | Sale | 200 | 18.3900 USD | ||||
| ORD | Sale | 200 | 18.4350 USD | ||||
| ORD | Sale | 200 | 18.4650 USD | ||||
| ORD | Sale | 200 | 18.6500 USD | ||||
| ORD | Sale | 291 | 18.3356 USD | ||||
| ORD | Sale | 300 | 18.3033 USD | ||||
| ORD | Sale | 300 | 18.3620 USD | ||||
| ORD | Sale | 353 | 18.5473 USD | ||||
| ORD | Sale | 400 | 18.3975 USD | ||||
| ORD | Sale | 400 | 18.4400 USD | ||||
| ORD | Sale | 500 | 18.4040 USD | ||||
| ORD | Sale | 600 | 18.4316 USD | ||||
| ORD | Sale | 600 | 18.5550 USD | ||||
| ORD | Sale | 600 | 18.5683 USD | ||||
| ORD | Sale | 700 | 18.4542 USD | ||||
| ORD | Sale | 700 | 18.5271 USD | ||||
| ORD | Sale | 897 | 18.3788 USD | ||||
| ORD | Sale | 988 | 18.5001 USD | ||||
| ORD | Sale | 1,100 | 18.4723 USD | ||||
| ORD | Sale | 1,100 | 18.5019 USD | ||||
| ORD | Sale | 1,149 | 18.4965 USD | ||||
| ORD | Sale | 1,300 | 18.5600 USD | ||||
| ORD | Sale | 4,600 | 18.5300 USD | ||||
| ORD | Sale | 5,400 | 18.3814 USD | ||||
| ORD | Sale | 5,800 | 18.3728 USD | ||||
| ORD | Sale | 7,484 | 18.4877 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 | Call Options | Purchasing | 800 | 17.5 USD | American | 17 Nov 2012 | 1.8500 USD | ||||||||
| ORD | Call Options | Purchasing | 3,000 | 20 USD | American | 20 Oct 2012 | 0.1500 USD | ||||||||
| ORD | Call Options | Purchasing | 1,700 | 20 USD | American | 19 Jan 2013 | 1.3000 USD | ||||||||
| ORD | Call Options | Selling | 700 | 17.5 USD | American | 20 Oct 2012 | 1.4000 USD | ||||||||
| ORD | Call Options | Selling | 1,500 | 20 USD | American | 20 Oct 2012 | 0.2500 USD | ||||||||
| ORD | Call Options | Selling | 5,800 | 20 USD | American | 17 Nov 2012 | 0.7000 USD | ||||||||
| ORD | Call Options | Selling | 1,100 | 20 USD | American | 17 Nov 2012 | 0.7500 USD | ||||||||
| ORD | Call Options | Selling | 4,900 | 20 USD | American | 17 Nov 2012 | 0.8000 USD | ||||||||
| ORD | Put Options | Purchasing | 2,200 | 17.5 USD | American | 17 Nov 2012 | 0.7500 USD | ||||||||
| ORD | Put Options | Purchasing | 100 | 17.5 USD | American | 20 Apr 2013 | 2.1000 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: | 5 Oct 2012 | |
| Contact name: | Geoff Smith | |
| Telephone number: | 020 3555 4632 |
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 | 300 | 12.5000 | American | 20 Apr 2013 | |||||||
| ORD | Put Options | Purchased | 2,800 | 15.0000 | American | 19 Jan 2013 | |||||||
| ORD | Put Options | Purchased | 24,800 | 17.5000 | American | 20 Oct 2012 | |||||||
| ORD | Put Options | Purchased | 2,200 | 17.5000 | American | 17 Nov 2012 | |||||||
| ORD | Put Options | Purchased | 2,800 | 17.5000 | American | 19 Jan 2013 | |||||||
| ORD | Put Options | Purchased | 500 | 17.5000 | American | 20 Apr 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 | 1,000 | 25.0000 | American | 20 Apr 2013 | |||||||
| ORD | Put Options | Written | -1,000 | 20.0000 | American | 20 Oct 2012 | |||||||
| ORD | Put Options | Written | -12,300 | 20.0000 | American | 19 Jan 2013 | |||||||
| ORD | Put Options | Written | -3,600 | 22.5000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Purchased | 5,000 | 15.0000 | American | 20 Apr 2013 | |||||||
| ORD | Call Options | Purchased | 6,800 | 20.0000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Purchased | 300 | 20.0000 | American | 20 Apr 2013 | |||||||
| ORD | Call Options | Written | -5,100 | 15.0000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -400 | 15.0000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Written | -14,400 | 17.5000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -3,200 | 17.5000 | American | 17 Nov 2012 | |||||||
| ORD | Call Options | Written | -8,800 | 20.0000 | American | 17 Nov 2012 | |||||||
| ORD | Call Options | Written | -26,800 | 20.0000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Written | -800 | 22.5000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -1,000 | 22.5000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Written | -200 | 25.0000 | 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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