ISP SECURITIES LTD. Form 8.3 - ISP Securities Ltd. : Phaunos Timber Fund Ltd.

Transparency directive : regulatory news

14/06/2018 18:40




ISP Securities Ltd. (-)


Form 8.3 - ISP Securities Ltd. : Phaunos Timber Fund Ltd.

14-Jun-2018 / 18:40 CET/CEST


Dissemination of a Regulatory Announcement, transmitted by EQS Group.


The issuer is solely responsible for the content of this announcement.




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) Full name of discloser:



ISP Securities 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.



Progressive Capital Partners Ltd



Haldenstrasse 3



6340 Baar



Switzerland



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



 Use a separate form for each offeror/offeree



Phaunos Timber Fund Ltd.



(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



12.06.2018



(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:



 



 



GG00BFX4LT97



 



 



Interests



Short positions



 



Number



%



Number



%



(1) Relevant securities owned and/or controlled:



22'298'925



4.47



 



 



(2) Cash-settled derivatives:



 



 



 



 



 



(3) Stock-settled derivatives (including options) and agreements to purchase/sell:



 



 



 



 



 



 TOTAL:



22'298'925



4.47



 



 


 



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:



 



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



 


 



 



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



 



 



 



 



 


 



(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:


14.06.2018



Contact name:


ISP Securities Ltd.



Petra Burkard



Bellerivestrasse 45



8034 Zurich, Switzerland



Telephone number*:


+41 43 499 14 23


 



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.



 



*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.




























Category Code: RET - Phaunos Timber Fund Ltd.
TIDM: -
Sequence No.: 5654
EQS News ID: 695611





 
End of Announcement EQS News Service








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