26th Sep 2012 15:24
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: | 25 September 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: | 683,914 | 1.62% | 27,464 | 0.06% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 0 | 0.00% | 0 | 0.00% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 33,700 | 0.08% | 58,400 | 0.14% | |||||||
| (4) | TOTAL: | ||||||||||
| 717,614 | 1.70% | 85,864 | 0.20% | ||||||||
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 | 1 | 18.2700 USD | ||||
| ORD | Purchase | 60 | 17.9300 USD | ||||
| ORD | Purchase | 100 | 17.2400 USD | ||||
| ORD | Purchase | 100 | 17.8200 USD | ||||
| ORD | Purchase | 100 | 17.8250 USD | ||||
| ORD | Purchase | 100 | 17.8500 USD | ||||
| ORD | Purchase | 200 | 17.4400 USD | ||||
| ORD | Purchase | 200 | 17.5200 USD | ||||
| ORD | Purchase | 200 | 17.8600 USD | ||||
| ORD | Purchase | 201 | 17.8400 USD | ||||
| ORD | Purchase | 420 | 17.8580 USD | ||||
| ORD | Purchase | 600 | 17.3366 USD | ||||
| ORD | Purchase | 600 | 17.8213 USD | ||||
| ORD | Purchase | 700 | 17.5428 USD | ||||
| ORD | Purchase | 780 | 17.8800 USD | ||||
| ORD | Purchase | 798 | 17.9416 USD | ||||
| ORD | Purchase | 800 | 17.7687 USD | ||||
| ORD | Purchase | 800 | 17.9130 USD | ||||
| ORD | Purchase | 900 | 17.8744 USD | ||||
| ORD | Purchase | 1,000 | 17.5990 USD | ||||
| ORD | Purchase | 1,000 | 17.8900 USD | ||||
| ORD | Purchase | 1,300 | 17.6746 USD | ||||
| ORD | Purchase | 1,300 | 17.7415 USD | ||||
| ORD | Purchase | 1,393 | 17.8575 USD | ||||
| ORD | Purchase | 1,700 | 17.8488 USD | ||||
| ORD | Purchase | 1,890 | 17.5770 USD | ||||
| ORD | Purchase | 2,082 | 17.5052 USD | ||||
| ORD | Purchase | 2,400 | 18.0668 USD | ||||
| ORD | Purchase | 2,500 | 17.6056 USD | ||||
| ORD | Purchase | 2,562 | 17.6568 USD | ||||
| ORD | Purchase | 2,910 | 17.8265 USD | ||||
| ORD | Purchase | 3,000 | 17.3306 USD | ||||
| ORD | Purchase | 3,100 | 17.7045 USD | ||||
| ORD | Purchase | 3,200 | 17.3962 USD | ||||
| ORD | Purchase | 3,200 | 17.5459 USD | ||||
| ORD | Purchase | 4,001 | 17.6304 USD | ||||
| ORD | Purchase | 4,225 | 17.6930 USD | ||||
| ORD | Purchase | 5,100 | 17.4419 USD | ||||
| ORD | Purchase | 5,274 | 17.5777 USD | ||||
| ORD | Purchase | 5,800 | 17.6034 USD | ||||
| ORD | Purchase | 8,300 | 18.0167 USD | ||||
| ORD | Purchase | 9,300 | 17.8222 USD | ||||
| ORD | Purchase | 11,700 | 17.6327 USD | ||||
| ORD | Purchase | 14,718 | 17.5902 USD | ||||
| ORD | Purchase | 25,955 | 17.5662 USD | ||||
| ORD | Sale | 1 | 18.2700 USD | ||||
| ORD | Sale | 30 | 17.2100 USD | ||||
| ORD | Sale | 32 | 17.8800 USD | ||||
| ORD | Sale | 60 | 17.9300 USD | ||||
| ORD | Sale | 100 | 17.1500 USD | ||||
| ORD | Sale | 100 | 17.2400 USD | ||||
| ORD | Sale | 100 | 17.5500 USD | ||||
| ORD | Sale | 100 | 17.7600 USD | ||||
| ORD | Sale | 100 | 17.8100 USD | ||||
| ORD | Sale | 100 | 17.8250 USD | ||||
| ORD | Sale | 100 | 17.8600 USD | ||||
| ORD | Sale | 161 | 17.2800 USD | ||||
| ORD | Sale | 169 | 17.8200 USD | ||||
| ORD | Sale | 200 | 17.3650 USD | ||||
| ORD | Sale | 200 | 17.5050 USD | ||||
| ORD | Sale | 200 | 17.8550 USD | ||||
| ORD | Sale | 200 | 18.3200 USD | ||||
| ORD | Sale | 230 | 17.9023 USD | ||||
| ORD | Sale | 231 | 17.3164 USD | ||||
| ORD | Sale | 300 | 17.6466 USD | ||||
| ORD | Sale | 300 | 17.8433 USD | ||||
| ORD | Sale | 303 | 17.8300 USD | ||||
| ORD | Sale | 818 | 17.5347 USD | ||||
| ORD | Sale | 879 | 17.5057 USD | ||||
| ORD | Sale | 900 | 17.2611 USD | ||||
| ORD | Sale | 1,000 | 17.4460 USD | ||||
| ORD | Sale | 1,063 | 17.2968 USD | ||||
| ORD | Sale | 1,100 | 17.6036 USD | ||||
| ORD | Sale | 1,200 | 18.1402 USD | ||||
| ORD | Sale | 1,292 | 17.5828 USD | ||||
| ORD | Sale | 1,400 | 17.5757 USD | ||||
| ORD | Sale | 1,468 | 17.8720 USD | ||||
| ORD | Sale | 1,600 | 17.6681 USD | ||||
| ORD | Sale | 1,800 | 17.5972 USD | ||||
| ORD | Sale | 2,300 | 17.8108 USD | ||||
| ORD | Sale | 2,400 | 17.8581 USD | ||||
| ORD | Sale | 2,400 | 18.0668 USD | ||||
| ORD | Sale | 2,928 | 17.6653 USD | ||||
| ORD | Sale | 3,672 | 17.6359 USD | ||||
| ORD | Sale | 4,970 | 18.0329 USD | ||||
| ORD | Sale | 5,100 | 17.4419 USD | ||||
| ORD | Sale | 6,000 | 17.7886 USD | ||||
| ORD | Sale | 6,900 | 17.8097 USD | ||||
| ORD | Sale | 8,000 | 17.5522 USD | ||||
| ORD | Sale | 9,260 | 17.6145 USD | ||||
| ORD | Sale | 12,500 | 17.7162 USD | ||||
| ORD | Sale | 50,600 | 17.6008 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 | 700 | 20 USD | American | Saturday, January 19, 2013 | 1.1000 USD | ||||||||
| ORD | Put Options | Purchasing | 2,300 | 17.5 USD | American | Saturday, October 20, 2012 | 0.7500 USD | ||||||||
| ORD | Call Options | Purchasing | 5,000 | 15 USD | American | Saturday, April 20, 2013 | 4.0000 USD | ||||||||
| ORD | Call Options | Selling | 5,000 | 15 USD | American | Saturday, October 20, 2012 | 2.7000 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: | 26 Sep 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 | 100 | 12.5000 | American | 20 Apr 2013 | |||||||
| ORD | Put Options | Purchased | 15,400 | 17.5000 | American | 20 Oct 2012 | |||||||
| ORD | Put Options | Purchased | 400 | 17.5000 | American | 19 Jan 2013 | |||||||
| ORD | Put Options | Purchased | 200 | 20.0000 | American | 19 Jan 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 | Written | -1,000 | 20.0000 | American | 20 Oct 2012 | |||||||
| 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 | 5,200 | 20.0000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Purchased | 3,000 | 22.5000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Written | -5,000 | 15.0000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -400 | 15.0000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Written | -13,400 | 17.5000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -300 | 17.5000 | American | 17 Nov 2012 | |||||||
| ORD | Call Options | Written | -22,800 | 20.0000 | American | 19 Jan 2013 | |||||||
| ORD | Call Options | Written | -800 | 22.5000 | American | 20 Oct 2012 | |||||||
| 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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