Welcome!

News Feed Item

Heritage Oil Plc: PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

LONDON, UNITED KINGDOM -- (Marketwired) -- 05/08/14 -- Heritage Oil Plc -

1. KEY INFORMATION


----------------------------------------------------------------------------
(a) Identity of the party to the offer making  Heritage Oil Plc (the
the disclosure:                                "Company")
----------------------------------------------------------------------------
(b) Owner or controller of interests and
short positions disclosed, if different from
1(a):
The naming of nominee or vehicle companies is
insufficient
----------------------------------------------------------------------------
(c) Name of offeror/offeree in relation to     Heritage Oil Plc
whose relevant securities this form relates:
Use a separate form for each party to the
offer
----------------------------------------------------------------------------
(d) Is the party to the offer making the       OFFEREE
disclosure the offeror or the offeree?
----------------------------------------------------------------------------
(e) Date position held:                        8 May 2014
----------------------------------------------------------------------------
(f) Has the party previously disclosed, or is  NO
it today disclosing, under the Code in         If YES, specify which:
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:                ordinary shares of no par value
----------------------------------------------------------------------------
                                             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:                                        Nil        -      Nil        -
----------------------------------------------------------------------------

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 of relevant security in relation to which subscription right
 exists:                                                                   -
----------------------------------------------------------------------------
Details, 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):
----------------------------------------------------------------------------

----------------------------------------------------------------------------

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 number or ordinary and
exchangeable shares in the capital of the Company:
----------------------------------------------------------------------------
Name                  Number                     Percentage
                      of Shares                  of issued
                                                 share capital
----------------------------------------------------------------------------
Paul Atherton         4,015,000(1)  ordinary     1.44
                      shares
----------------------------------------------------------------------------
Michael Hibberd       1,375,000 ordinary shares  0.49
----------------------------------------------------------------------------
John McLeod           80,000 ordinary shares     0.03
                      ---------------------------
                      1,000 exchangeable shares
----------------------------------------------------------------------------
Gregory Turnbull      700,000 ordinary shares    0.36
                      ---------------------------
                      300,070 exchangeable shares
----------------------------------------------------------------------------


(1) In addition to these interests Paul Atherton holds 2,679,820 share
awards under the Company's Long Term Incentive Plans.
----------------------------------------------------------------------------

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 Form 8 (Open Positions)                                    NO
----------------------------------------------------------------------------
Supplemental Form 8 (SBL)                                               NO
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Date of disclosure:                                     8 May 2014
----------------------------------------------------------------------------
Contact name:                                           Robert Fagg
----------------------------------------------------------------------------
Telephone number:                                       +44 (0) 20 7518 0820
----------------------------------------------------------------------------

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 [email protected]. 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.

Contacts:
Robert Fagg
+44 (0) 20 7518 0820

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...