22nd Aug 2012 14:01
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: | 21 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: | 86,718 | 0.21% | 29,573 | 0.07% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 0 | 0.00% | 0 | 0.00% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 27,500 | 0.07% | 14,800 | 0.03% | |||||||
| (4) | TOTAL: | ||||||||||
| 114,218 | 0.27% | 44,373 | 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 | 2 | 22.2300 USD | ||||
| ORD | Purchase | 36 | 21.8300 USD | ||||
| ORD | Purchase | 107 | 22.3000 USD | ||||
| ORD | Purchase | 128 | 22.5000 USD | ||||
| ORD | Purchase | 200 | 22.3550 USD | ||||
| ORD | Purchase | 202 | 22.4680 USD | ||||
| ORD | Purchase | 231 | 21.9885 USD | ||||
| ORD | Purchase | 293 | 21.9749 USD | ||||
| ORD | Purchase | 300 | 22.3033 USD | ||||
| ORD | Purchase | 300 | 22.4700 USD | ||||
| ORD | Purchase | 400 | 22.1375 USD | ||||
| ORD | Purchase | 400 | 22.3225 USD | ||||
| ORD | Purchase | 586 | 22.4408 USD | ||||
| ORD | Purchase | 600 | 22.3616 USD | ||||
| ORD | Purchase | 700 | 22.1585 USD | ||||
| ORD | Purchase | 700 | 22.3328 USD | ||||
| ORD | Purchase | 800 | 22.3512 USD | ||||
| ORD | Purchase | 900 | 22.4900 USD | ||||
| ORD | Purchase | 1,300 | 22.2360 USD | ||||
| ORD | Purchase | 1,300 | 22.3861 USD | ||||
| ORD | Purchase | 1,413 | 22.3465 USD | ||||
| ORD | Purchase | 1,700 | 22.1958 USD | ||||
| ORD | Purchase | 1,900 | 22.2881 USD | ||||
| ORD | Purchase | 2,245 | 22.4848 USD | ||||
| ORD | Purchase | 2,400 | 22.3325 USD | ||||
| ORD | Purchase | 2,780 | 22.2968 USD | ||||
| ORD | Purchase | 3,400 | 22.2539 USD | ||||
| ORD | Purchase | 3,446 | 22.0067 USD | ||||
| ORD | Purchase | 3,499 | 22.2754 USD | ||||
| ORD | Purchase | 3,600 | 22.3141 USD | ||||
| ORD | Purchase | 3,666 | 22.2264 USD | ||||
| ORD | Purchase | 8,075 | 22.2411 USD | ||||
| ORD | Purchase | 10,600 | 22.2305 USD | ||||
| ORD | Purchase | 23,600 | 22.2013 USD | ||||
| ORD | Purchase | 32,241 | 22.3214 USD | ||||
| ORD | Sale | 1 | 21.9100 USD | ||||
| ORD | Sale | 36 | 21.8300 USD | ||||
| ORD | Sale | 100 | 22.5100 USD | ||||
| ORD | Sale | 161 | 22.3362 USD | ||||
| ORD | Sale | 200 | 22.2050 USD | ||||
| ORD | Sale | 200 | 22.3400 USD | ||||
| ORD | Sale | 200 | 22.4250 USD | ||||
| ORD | Sale | 200 | 22.4300 USD | ||||
| ORD | Sale | 200 | 22.4350 USD | ||||
| ORD | Sale | 200 | 22.4400 USD | ||||
| ORD | Sale | 200 | 22.4850 USD | ||||
| ORD | Sale | 200 | 22.4900 USD | ||||
| ORD | Sale | 244 | 22.3357 USD | ||||
| ORD | Sale | 300 | 22.3250 USD | ||||
| ORD | Sale | 376 | 22.3200 USD | ||||
| ORD | Sale | 411 | 22.3101 USD | ||||
| ORD | Sale | 500 | 22.2960 USD | ||||
| ORD | Sale | 700 | 22.1585 USD | ||||
| ORD | Sale | 700 | 22.2742 USD | ||||
| ORD | Sale | 700 | 22.3329 USD | ||||
| ORD | Sale | 800 | 22.2638 USD | ||||
| ORD | Sale | 874 | 22.1887 USD | ||||
| ORD | Sale | 1,100 | 22.2509 USD | ||||
| ORD | Sale | 1,100 | 22.2745 USD | ||||
| ORD | Sale | 1,442 | 22.2449 USD | ||||
| ORD | Sale | 2,600 | 22.2508 USD | ||||
| ORD | Sale | 3,073 | 22.3462 USD | ||||
| ORD | Sale | 3,100 | 22.2308 USD | ||||
| ORD | Sale | 3,323 | 22.3019 USD | ||||
| ORD | Sale | 3,600 | 22.3140 USD | ||||
| ORD | Sale | 3,666 | 22.2264 USD | ||||
| ORD | Sale | 3,900 | 22.1953 USD | ||||
| ORD | Sale | 4,500 | 22.1527 USD | ||||
| ORD | Sale | 6,883 | 22.2919 USD | ||||
| ORD | Sale | 7,561 | 22.1680 USD | ||||
| ORD | Sale | 8,381 | 22.3306 USD | ||||
| ORD | Sale | 9,544 | 22.3920 USD | ||||
| ORD | Sale | 10,504 | 22.3456 USD | ||||
| ORD | Sale | 10,600 | 22.2305 USD | ||||
| ORD | Sale | 21,700 | 22.2127 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 | Selling | 500 | 22.5 USD | American | 19 January 2013
| 2.5000 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: | 22 Aug 2012 | |
| Contact name: | Geoff Smith | |
| Telephone number: | 020 7116 2913 |
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 | 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 | 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.
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.
Copyright Business Wire 2012
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