Form 8.3 Network International Holdings plc
LONDON, 21 April 2023–(BUSINESS WIRE)–
Form 8.3
PUBLIC OPENING/DEALING/POSITION DISCLOSURE
A PERSON WHICH HAS INTERESTS REPRESENTING 1% OF OR MORE IN RELEVANT SECURITIES
Takeover Code Rule 8.3
1. KEY INFORMATION
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(a) Full Name of Disclosure: |
Millennium International Management LP |
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(b) Owner or control of short positions and interests disclosed if they are different than 1(a). Nominations or vehicle companies are not sufficient. The trustees, settlor, and beneficiaries of a trust must be identified. |
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(c) Name of offeror/offeree whose securities this form is relevant: Use a different form for each of the offerors/offerees |
Network International Holdings plc |
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(d) If the exempt fund manager is connected to an offeror/offeree then state this. |
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(e) Date position held/dealing undertaken: If you are announcing an opening position, please state the date that is the latest possible. |
20Th April 2023 |
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(f) Is the disclosure made in addition to the company listed in 1(c), above, in relation to any other parties to the offer? If you are unsure whether it’s a cash offer (or a potential cash offer), state “N/A”. |
No, |
2. POSITIONS PERSONNEL OF THE PERSON MAKING DISCLOSURE
Copy table 2(a), (b), or (c) (as applicable) for each class of securities relevant to the offeror/offeree listed in 1(c).
(a) Following the transaction, the interest and short position in the relevant securities held by the offeror or the offeree that the disclosure relates to (if any).
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Security class: |
10p ordinary GB00BH3VJ782 |
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Interests |
Short positions |
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Number |
% |
Number |
% |
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(1) Securities owned or controlled by the relevant owner: |
– |
– |
– |
– |
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(2) Cash-settled derivatives: |
5,685,768 |
1.067% |
74,120 |
0.014% |
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(3) Stock-settled derivatives, including options and agreements to buy/sell: |
– |
– |
– |
– |
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TOTAL: |
5,685,768 |
1.067% |
74,120 |
0.014% |
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All short positions and all interests must be declared.
On a Form 8 Supplement (Open Positions), you should provide details of any open derivative stock positions (including options traded) or agreements to buy or sell securities relevant.
(b) Rights to subscribe for new securities (including directors’ and other employee options)
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Classification of the security with respect to which a subscription right exists |
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Details, including nature and percentages of rights involved: |
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
If the offeror/offeree listed in 1(c) has dealt in more than one category of relevant securities, copy table 3(a),(b),(c) or(d) (as applicable) for each additional category of relevant security.
All prices and other monetary values should be expressed in the currency.
(a) Purchases and sales
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Classification of relevant security |
Purchase/sale |
Number of Securities |
Price per unit (GBP) |
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(b) Cash-settled derivatives
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Classification of relevant security |
Product description e.g. CFD |
Nature of Dealing e.g. Opening/closing of a Long/Short Position, increasing/reducing the position |
Number of Reference Securities |
Price per unit (GBP) |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
65,529 |
3.64 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
2,709 |
3.64 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
48,956 |
3.64 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
17,141 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
200 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Increase a long position |
50,000 |
3.63 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
42,455 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
5,953 |
3.60 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
75,230 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
4,422 |
3.63 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
108,748 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Reduce a long position |
48,966 |
3.60 |
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GB00BH3VJ782 |
Equity Swap |
Increase the size of a position |
15,997 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Increase a long position |
27,122 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Increase a long position |
6,881 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Increase a long position |
5,561 |
3.62 |
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GB00BH3VJ782 |
Equity Swap |
Increase the size of a position |
25,000 |
3.61 |
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GB00BH3VJ782 |
Equity Swap |
Increase the size of a position |
50,000 |
3.63 |
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GB00BH3VJ782 |
Equity Swap |
Increase a long position |
8,806 |
3.60 |
(c) Stock-settled Derivative Transactions (including Options)
(i) Write, sell, purchase or vary
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Classification of relevant security |
Product description e.g. Call option |
Writing, buying, selling, varying, etc. |
The number of securities that the option applies to |
Exercise price per unit |
Types e.g. American, European etc. |
Expiry Date |
Option money paid/ received per unit |
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(ii) Exercise
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Classification of security relevant |
Product description e.g. Call option |
Exercise/ exercising against |
Number of Securities |
Exercise price per unit |
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(d) Other transactions (including the subscription of new securities)
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Classification of security relevant |
Nature of Dealing e.g. Subscription, conversion |
Details |
Price per unit |
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4. AUTOTHER INFORMATION
(a) Indemnity arrangements and other deals
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Details of any indemnity, option, or agreement or understanding formal or unformal relating relevant securities, which could be used as an inducement for the person making disclosure to engage in or refrain from engaging in a transaction or refraining from dealing by any party to offer or any other person acting with that party. If there are no irrevocable agreements or letters of intent, leave them out. If there are none, then you should write “none”. |
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NONE |
(b) Options or derivatives agreements, understandings or arrangements
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Details of any agreement or understanding, whether formal or informal between the person who discloses the information and another person, relating to: (i) The voting rights of any securities relevant to any option; (ii) The derivatives that are referenced in the table below refer to voting rights, future acquisition or disposition of securities relevant to any derivatives or any other securities: If you don’t know of any such agreements, arrangements, or understandings, simply state “none”. |
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NONE |
(c) Attachments
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Has a supplemental Form 8 (Open Positions), been attached? |
No, |
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Date of disclosure |
21st April 2023 |
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Contact Name |
Sirina Kumar |
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Phone number |
+44 203 192 8741 |
Takeover Panel: All public disclosures required by Rule 8 must be sent to a Regulatory Information Service. [email protected]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
View the source version at businesswire.com https://www.businesswire.com/news/home/20230421005319/en/
Contacts
Millennium Partners, L.P.