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")
LONDON, Sept. 13, 2022 /CNW/ -
1. KEY
INFORMATION
(a) Full name of discloser: |
Global Alpha Capital Management Ltd. |
(b) Owner or controller of
interests and short positions disclosed, if different from
1(a):
The naming of nominee or vehicle
companies is insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named. |
N/A |
(c) Name of offeror/offeree in
relation to whose relevant securities this form relates:
Use a separate form for each
offeror/offeree |
Biffa plc |
(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:
For an opening position disclosure,
state the latest practicable date prior to the disclosure |
13 September 2022 |
(f) In addition to the
company in 1(c) above, is the discloser making disclosures in
respect of any other party to the offer?
If it is a cash offer or possible cash
offer, state "N/A" |
N/A |
2. POSITIONS OF THE
PERSON MAKING THE DISCLOSURE
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.
(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: |
Common |
|
Interests |
Short positions |
|
Number |
% |
Number |
% |
(1) Relevant securities owned and/or
controlled: |
42,941,616 |
14.03 % |
|
|
(2) Cash-settled
derivatives: |
|
|
|
|
(3) Stock-settled derivatives (including
options) and agreements to purchase/sell: |
|
|
|
|
TOTAL: |
42,941,616 |
14.03 % |
|
|
All interests and all short positions
should be disclosed.
Details of any open stock-settled
derivative positions (including traded options), 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 employee
options)
Class of relevant security in relation to which
subscription right exists: |
None |
Details, including nature of the rights
concerned and relevant percentages: |
None |
3. DEALINGS (IF
ANY) BY THE PERSON MAKING THE DISCLOSURE
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.
The currency of all prices and other
monetary amounts should be stated.
(a) Purchases and
sales
Class of relevant security |
Purchase/sale |
Number of securities |
Price per unit |
1p ordinary |
Sale |
5,100 |
GBP 3.9626 |
|
|
|
|
|
|
|
|
|
|
|
|
(b) Cash-settled
derivative transactions
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) Stock-settled
derivative transactions (including options)
(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 |
|
|
|
|
|
|
|
|
(ii) Exercise
Class of relevant security |
Product description
e.g. call option |
Exercising/ exercised against |
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) |
|
|
|
|
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:
Irrevocable commitments and letters of intent should not be
included. 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? |
No |
Date of disclosure: |
14 September 2022 |
Contact
name: |
Adam Gartland |
Telephone number: |
+001 604 643 2006 |
Public disclosures under Rule 8 of
the Code must be made to 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.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk.