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Form 8.5 (EPT/NON-RI)

11th Jan 2012 09:15

RNS Number : 3657V
Oriel Securities Limited
11 January 2012
 

FORM 8.5 (EPT/NON-RI)

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

 

(a) Name of exempt principal trader:

ORIEL SECURITIES LIMITED

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

PREMIER OIL PLC

(c) Name of the party to the offer with which exempt principal trader is connected:

PREMIER OIL PLC

(d) Date position held/dealing undertaken:

10 JANUARY 2012

(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

YES

ENCORE OIL PLC

 

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

 

(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:

 

12.5p ordinary

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

20,000

0.004

(2) Derivatives (other than options):

(3) Options and agreements to purchase/sell:

 

TOTAL:

NIL

NIL

20,000

0.004

 

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:

n/a

Details, including nature of the rights concerned and relevant percentages:

n/a

 

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(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

 

(a) Purchases and sales

 

Class of relevant security

Purchase/sale

 

Number of securities

Price per unit

12.5p ordinary

Purchase

700

401.3p

12.5p ordinary

Purchase

58

401.3p

12.5p ordinary

Purchase

100

401.3p

12.5p ordinary

Purchase

348

401.3p

12.5p ordinary

Purchase

2,285

395.3p

12.5p ordinary

Purchase

67

395.3p

12.5p ordinary

Purchase

99

395.3p

12.5p ordinary

Purchase

15

395.3p

12.5p ordinary

Purchase

198

395.3p

12.5p ordinary

Purchase

600

395.3p

12.5p ordinary

Purchase

116

395.25p

12.5p ordinary

Purchase

224

395.3p

12.5p ordinary

Purchase

709

395.3p

12.5p ordinary

Purchase

299

395.3p

12.5p ordinary

Purchase

163

395.3p

12.5p ordinary

Purchase

100

395.3p

12.5p ordinary

Purchase

111

395.3p

12.5p ordinary

Purchase

402

395.3p

12.5p ordinary

Purchase

329

395.3p

12.5p ordinary

Purchase

184

395.3p

12.5p ordinary

Purchase

99

395.3p

12.5p ordinary

Sale

1,095

391.9p

12.5p ordinary

Sale

603

391.9p

12.5p ordinary

Sale

1,513

391.9p

12.5p ordinary

Sale

221

391.9p

12.5p ordinary

Sale

611

391.9p

12.5p ordinary

Sale

182

391.9p

12.5p ordinary

Sale

483

391.9p

12.5p ordinary

Sale

113

391.9p

12.5p ordinary

Sale

100

391.9p

12.5p ordinary

Sale

79

391.9p

12.5p ordinary

Sale

1,178

391.8p

12.5p ordinary

Sale

200

391.8p

12.5p ordinary

Sale

400

391.8p

12.5p ordinary

Sale

674

391.9p

12.5p ordinary

Sale

502

391.7p

12.5p ordinary

Sale

400

391.7p

12.5p ordinary

Sale

1,246

391.9p

12.5p ordinary

Sale

400

391.8p

12.5p ordinary

Sale

400

392p

12.5p ordinary

Sale

150

391.9p

12.5p ordinary

Sale

200

391.9p

12.5p ordinary

Sale

400

391.9p

12.5p ordinary

Sale

125

391.9p

12.5p ordinary

Sale

255

391.9p

12.5p ordinary

Sale

70

391.9p

12.5p ordinary

Sale

400

391.9p

12.5p ordinary

Purchase

1,224

400p

12.5p ordinary

Purchase

1,387

400p

12.5p ordinary

Purchase

1,968

400p

12.5p ordinary

Purchase

2,145

400p

12.5p ordinary

Purchase

2,145

400p

12.5p ordinary

Purchase

2,145

400p

12.5p ordinary

Sale

1,111

396.1p

12.5p ordinary

Sale

48

396p

12.5p ordinary

Purchase

2,145

400p

Total purchased

20,365

Total sales

13,159

 

(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

n/a

n/a

n/a

n/a

n/a

 

 

(c) Options transactions in respect of existing securities

 

(i) Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

 

(ii) Exercising

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

n/a

n/a

n/a

n/a

 

 

(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)

n/a

n/a

n/a

n/a

 

 

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(b), 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 exempt principal trader 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 exempt principal trader 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?

NO

 

 

Date of disclosure:

11 January 2012

Contact name:

Molly Richards

Telephone number:

0207 710 7600

 

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.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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