Form 8 (OPD) Innovision Research & Technology PLC
22 Juni 2010 - 11:28AM
UK Regulatory
TIDMINN
RNS Number : 0140O
Innovision Research&Technology PLC
22 June 2010
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")
1. KEY INFORMATION
+-----------------+------------+
| (a) | Innovision |
| Identity | Research |
| of the | and |
| party to | Technology |
| the | plc |
| offer | |
| making | |
| the | |
| disclosure: | |
+-----------------+------------+
| (b) | N/A |
| Owner | |
| or | |
| controller | |
| of | |
| interests | |
| and short | |
| positions | |
| disclosed, | |
| if | |
| different | |
| from 1(a): | |
| The | |
| naming of | |
| nominee or | |
| vehicle | |
| companies | |
| is | |
| insufficient | |
+-----------------+------------+
| (c) | OFFEREE: |
| Name | Innovision |
| of | Research |
| offeror/offeree | and |
| in relation to | Technology |
| whose relevant | plc |
| securities this | |
| form relates: | |
| Use a | |
| separate form | |
| for each party | |
| to the offer | |
+-----------------+------------+
| (d) Is | OFFEREE |
| the | |
| party | |
| to the | |
| offer | |
| making | |
| the | |
| disclosure | |
| the | |
| offeror or | |
| the | |
| offeree? | |
+-----------------+------------+
| (e) | 22/06/2010 |
| Date | |
| position | |
| held: | |
+-----------------+------------+
| (f) | NO |
| Has | |
| the | |
| party | |
| previously | |
| disclosed, | |
| or is it | |
| today | |
| disclosing, | |
| under the | |
| Code in | |
| respect of | |
| any other | |
| party to | |
| this offer? | |
+-----------------+------------+
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the
offeror or offeree to which the disclosure relates
+----------------+--------+--------+--------+--------+
| Class | |
| of | |
| relevant | |
| security: | |
| | |
+----------------+-----------------------------------+
| | Interests |Short positions |
| | | |
+ +-----------------+-----------------+
| |Number | % |Number | % |
+----------------+--------+--------+--------+--------+
| (1) | | | | |
| Relevant | | | | |
| securities | | | | |
| owned | | | | |
| and/or | | | | |
| controlled: | | | | |
+----------------+--------+--------+--------+--------+
| (2) | | | | |
| Derivatives | | | | |
| (other than | | | | |
| options): | | | | |
+----------------+--------+--------+--------+--------+
| (3) | | | | |
| Options | | | | |
| and | | | | |
| agreements | | | | |
| to | | | | |
| purchase/sell: | | | | |
+----------------+--------+--------+--------+--------+
| | | | | |
| | | | | |
| TOTAL: | | | | |
+----------------+--------+--------+--------+--------+
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, 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 | nil |
| of | |
| relevant | |
| security | |
| in | |
| relation | |
| to which | |
| subscription | |
| right | |
| exists: | |
+--------------+--------+
| Details, | nil |
| including | |
| nature of | |
| the | |
| rights | |
| concerned | |
| and | |
| relevant | |
| percentages: | |
+--------------+--------+
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.
(c) Irrevocable commitments and letters of intent
+-------------+
| Details |
| of any |
| irrevocable |
| commitments |
| or letters |
| of intent |
| procured by |
| the party |
| to the |
| offer |
| making the |
| disclosure |
| or any |
| person |
| acting in |
| concert |
| with it |
| (see Note 3 |
| on Rule |
| 2.11 of the |
| Code): |
+-------------+
| |
| 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 |
| of any |
| person |
| acting in |
| concert |
| with the |
| party to |
| the offer |
| making the |
| disclosure: |
+----------------+
| |
| The |
| Directors |
| of the |
| Company |
| hold the |
| following |
| interests |
| and |
| rights to |
| subscribe: |
| Malcolm |
| Baggott |
| (Chairman) |
| 79,934 |
| Ordinary |
| 1p shares |
| (representing |
| approximately |
| 0.087% of the |
| issued share |
| capital of |
| Innovision |
| Research and |
| Technology |
| plc) |
| David Wollen |
| (Chief |
| Executive) |
| 74,933 |
| Ordinary 1p |
| shares |
| (representing |
| approximately |
| 0.082% of the |
| issued share |
| capital of |
| Innovision |
| Research and |
| Technology |
| plc) |
| 573,770 |
| options over |
| Ordinary |
| shares of 1p |
| each. The |
| exercise |
| price of each |
| option is |
| GBP0.61. The |
| options are |
| exercisable |
| until 7 |
| February |
| 2016. |
| 300,000 |
| options over |
| Ordinary |
| shares of 1p |
| each. The |
| exercise |
| price of each |
| option is |
| GBP0.01. The |
| options are |
| exercisable |
| until 19 July |
| 2016. |
| 1,000,000 |
| options over |
| Ordinary |
| shares of 1p |
| each. The |
| exercise |
| price of each |
| option is |
| GBP0.1175. |
| The options |
| are |
| exercisable |
| between 5 |
| August 2011 |
| and 5 August |
| 2018. |
| 750,000 |
| options over |
| Ordinary |
| shares of 1p |
| each. The |
| exercise |
| price of each |
| option is |
| GBP0.185. |
| The options |
| are |
| exercisable |
| between 21 |
| January 2013 |
| and 21 |
| January 2020. |
| Brian |
| McKenzie |
| (Chief |
| Financial |
| Officer) |
| 41,600 |
| Ordinary 1p |
| shares |
| (representing |
| approximately |
| 0.045% of the |
| issued share |
| capital of |
| Innovision |
| Research and |
| Technology |
| plc). |
| 500,000 |
| options over |
| Ordinary |
| shares of 1p |
| each. The |
| exercise |
| price of each |
| option is |
| GBP0.1175. |
| The options |
| are |
| exercisable |
| between 5 |
| August 2011 |
| and 5 August |
| 2018. |
| 250,000 |
| options over |
| Ordinary |
| shares of 1p |
| each. The |
| exercise |
| price of each |
| option is |
| GBP0.185. |
| The options |
| are |
| exercisable |
| between 21 |
| January 2013 |
| and 21 |
| January |
| 2020. |
| Steve Morris |
| (Chief |
| technical |
| Officer) |
| 5,500 |
| Ordinary 1p |
| shares |
| (representing |
| approximately |
| 0.006% of the |
| issued share |
| capital of |
| Innovision |
| Research and |
| Technology |
| plc) |
| 500,000 |
| options over |
| Ordinary |
| shares of 1p |
| each. The |
| exercise |
| price of each |
| option is |
| GBP0.1175. |
| The options |
| are |
| exercisable |
| between 20 |
| January 2012 |
| and 20 |
| January 2019. |
| Ian |
| Buckley-Golder |
| (Senior |
| Independent |
| Non-executive |
| Director) |
| 72,350 |
| Ordinary 1p |
| shares |
| (representing |
| approximately |
| 0.079% of the |
| issued share |
| capital of |
| Innovision |
| Research and |
| Technology |
| plc) |
| |
+----------------+
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 3 for
each additional class of relevant security.
Details of any open derivative or option positions, 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: |
| 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 | NO |
| Form 8 (Open | |
| Positions) | |
+--------------+--------+
| Supplemental | NO |
| Form 8 (SBL) | |
+--------------+--------+
+-------------+-------------+
| Date | 22 |
| of | June |
| disclosure: | 2010 |
+-------------+-------------+
| Contact | Brian |
| name: | McKenzie |
+-------------+-------------+
| Telephone | +44 |
| number: | (0) |
| | 1285 888200 |
+-------------+-------------+
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available
for consultation in relation to the Code's dealing disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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