Form 8.3 – Devro plc
LONDON, December 21, 2022–(BUSINESS WIRE)–
FORM 8.3
PUBLIC OPENING POSTITION DISCLOSURE/DEALING.
A PERSON WITH INTERESTS in RELEVANTSECURITIES REPRESENTING 1% or MORE
Rule 8.3 (the “Code”) of the Takeover Code
1. KEY INFORMATION
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(a) Full name: |
Marathon Asset Management Limited |
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(b) Disclosure of the owner/controller of short positions or interests, if any other than 1(a). Names of nominees and vehicle companies are not sufficient. The trustee(s), settlor (or beneficiaries) must all be identified for trusts. |
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(c) Name of offeror/offeree relating to the securities to which this form refers: You will need a separate form to cover each offeror/offeree |
Devro plc |
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(d) If you are an exempt fund manager and have an offeror/offeree connection, please state that fact and the identity of the offeror/offeree. |
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(e) Date position held/dealing undertaken: An opening position disclosure requires that you state the most recent date possible prior to disclosure. |
20 December 2022 |
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(f) Are disclosures made by the discloser in respect to any other parties to the offer in addition to the company listed in 1(c), above. If it’s a cash offer, or a possibility cash offer, indicate “N/A”. |
No |
2. POSITIONS OF PERSON MAKING THE DISCLOSURE
If there are rights or positions that you wish to disclose in more than one type of relevant securities of offeror or offeree, copy table 2 (a) or b (as applicable) for each additional category of relevant security.
(a) Short positions and interests in the securities of the offeror/offee to whom the disclosure refers following the dealing (if applicable)
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Type of security relevant: |
Ordinary NPV |
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Interests |
Positions for the short term |
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Number |
% |
Number |
% |
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(1) Relevant securities that are owned or controlled by: |
11,379,500 |
6.80% |
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(2) Cash-settled derivatives: |
0 |
0 |
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(3) Stock-settled options and derivatives (including options), as well as agreements to purchase/sell are all available. |
0 |
0 |
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TOTAL: |
11,379,500* |
6.80% |
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* Marathon Asset Management Limited does not have discretion regarding voting decisions in respect of 953,642 shares that are included in the total above.
All short positions and any interests must be disclosed.
On a Supplemental Form 8 (“Open Positions”), you should provide details of any open stock-settled derivative position (including traded options) or agreements to buy or sell relevant securities.
(b) Rights to subscribe for new securities (including directors’ and other employee options)
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Subscription right class: |
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Information, including the nature and percentages of the rights involved: |
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where dealings have taken place in more than one relevant class of securities of the offeror/offeree mentioned in 1(c), copy tableau 3(a), [b], (c), or (3) (as applicable) for each additional class.
Be sure to mention the currency of all prices as well as other monetary amounts.
(a) Sales and purchases
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Security classification |
Purchase/sale |
Number of securities |
Price per unit |
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Ordinary shares |
Sale |
11,260 |
3.0850 |
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Ordinary Shares |
Sale |
20,553 |
3.0861 |
(b) Cash-settled derivative transactions
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Security classification |
Product description e.g. CFD |
Nature of dealing e.g. Opening/closing a position that is long/short, or increasing/reducing the length of a position that is long/short |
Number of reference securities |
Price per unit |
(c) Stock-settled derivative transactions, including options
(i) Writing, selling, buying, or varying.
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Security classification |
Product description e.g. call option |
Writing, buying, selling and varying. |
How many securities are related to each option |
Exercise price per unit |
Type e.g. American, European etc. |
Expiry Date |
Option money paid/ received per unit |
(ii) Exercise
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Security classification |
Product description e.g. call option |
Exercise/exercise against |
Number of securities |
Exercise price per unit |
(d) Other transactions (including subscribing to new securities)
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Security classification |
Nature of dealing e.g. Subscribe, convert |
Details |
If applicable, price per unit |
4. Other Information
(a) Indemnity and other arrangements
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Information about any indemnity, option, or agreement, formal or informal, relating the relevant securities that may be an inducement or refrain from trading entered into by the person disclosing and any party or person acting in concert. You should not include irrevocable commitments or letters of intent. If such arrangements, agreements or understandings are not in place, please state “none”. |
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None |
(b) Agreements, arrangements and understandings regarding options or derivatives
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Details of any agreement, arrangement, understanding, formal or informal between the person who made the disclosure and any person concerned about: (i) Any relevant securities’ voting rights under any option (ii) Voting rights, future acquisition or disposition of relevant securities to which any derivative refers: If such arrangements, agreements or understandings are not in place, declare “none”. |
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None |
(c) Attachments
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Is there a Supplemental Formula 8 (Open Positions), attached? |
NO |
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Date of disclosure |
21 December 2022 |
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Name of the contact: |
Kevin Kot |
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Telephone number*: |
0207 497 2211 |
Public disclosures pursuant to Rule 8 of this Code must be made through a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
Businesswire.com – View the source version https://www.businesswire.com/news/home/20221221005245/en/
Contacts
Marathon Asset Management Ltd