FORM
8 (OPD)
PUBLIC
OPENING POSITION DISCLOSURE BY A PARTY TO AN
OFFER
Rules
8.1 and 8.2 of the Takeover Code (the "Code")
Amendments
have been made to section 3 of the "Form 8 (OPD) - Balanced
Commercial Property Trust Limited" announcement released on
29 April 2024 at 12:10. All other
details remain unchanged.
1. KEY
INFORMATION
|
(a) Full
name of discloser:
|
Balanced
Commercial Property Trust Limited
|
|
(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
|
Balanced
Commercial Property Trust Limited
|
|
(d) Is
the discloser the offeror or the offeree?
|
Offeree
|
|
(e) Date
position held:
The
latest practicable date prior to the disclosure
|
26 April
2024
|
|
(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
(strategic review and formal sale process)
|
2. POSITIONS
OF THE PARTY TO THE OFFER 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
|
Class
of relevant security:
|
Ordinary
shares of one penny each
|
|
|
Interests
|
Short
positions
|
|
Number
|
%
|
Number
|
%
|
|
(1) Relevant
securities owned and/or controlled:
|
Nil
|
0
|
Nil
|
0
|
|
(2) Cash-settled
derivatives:
|
Nil
|
0
|
Nil
|
0
|
|
(3) Stock-settled
derivatives (including options) and agreements to
purchase/sell:
|
Nil
|
0
|
Nil
|
0
|
|
TOTAL:
|
Nil
|
0
|
Nil
|
0
|
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).
Details
of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form
8 (SBL).
(b) Rights
to subscribe for new securities
|
Class
of relevant security in relation to which subscription right
exists:
|
None
|
|
Details,
including nature of the rights concerned and relevant
percentages:
|
None
|
3. POSITIONS
OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE
DISCLOSURE
|
Details
of any interests, short positions and rights to subscribe
(including directors' and other employee options) of any person
acting in concert with the party to the offer making the
disclosure:
|
|
Interests
of the directors of Balanced Commercial Property Trust Limited
("BCPT")
in
ordinary
shares of one penny each in BCPT (including their close relatives
and related trusts):
|
Director
of BCPT (and their close relatives and related
trusts)
|
Total
number of BCPT ordinary shares
|
Percentage
of the total issued share capital of BCPT (excluding treasury
shares)
|
|
Paul
Marcuse
|
49,463
|
0.00%
|
|
Isobel
Sharp
|
55,000
|
0.00%
|
|
Linda
Wilding
|
40,000
|
0.00%
|
|
John
Wythe
|
33,303
|
0.00%
|
Interests
of other persons acting in concert with BCPT
|
Name
|
Total
number of BCPT ordinary shares
|
Percentage
of the total issued share capital of BCPT (excluding treasury
shares)
|
|
Columbia
Threadneedle AM (Holdings) plc and its subsidiaries
|
72,314
|
0.01%
|
|
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).
Details
of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form
8 (SBL).
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 party to the offer making the disclosure or any person
acting in concert with it:
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 party to the offer making the disclosure, or any person
acting in concert with it, 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
Are
any Supplemental Forms attached?
|
Supplemental
Form 8 (Open Positions)
|
No
|
|
Supplemental
Form 8 (SBL)
|
No
|
|
Date of
disclosure: |
26
September 2024
|
|
Contact
name: |
Paul
Marcuse (via Dickson Minto Advisers)
|
|
Telephone
number: |
+44 (0)20
7649 6823
|
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.