Form 8 (OPD)

19 August 2022

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) Full name of discloser:

RPS Group Plc

(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

RPS Group Plc

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

     The latest practicable date prior to the disclosure

19 August 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 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 three pence each

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

-

Nil

-

(2) Cash-settled derivatives:

Nil

-

Nil

-

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

Nil

-

Nil

-

 

     TOTAL:

Nil

-

Nil

-

 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:

 a.   Interests in RPS Group Plc's ordinary shares of three pence each held by the directors of RPS Group Plc and their persons closely associated: 

Director/Closely associated person

Number of RPS Shares in respect of which undertaking is given

Percentage of RPS issued share capital (excluding shares under option)

Ken Lever

126,818

0.05

John Douglas

2,315,968

0.83

Judith Cottrell

65,098

0.02

Allison Bainbridge

22,078

0.01

Elizabeth Peace

18,363

0.01

TOTAL

2,548,325

0.92

 b.   Interests of the directors of RPS Group Plc under the RPS Group Plc Executive Long Term Incentive Plan ("RPS ELTIP"):

Director

Description

Total number of RPS Group Plc relevant securities

Date of Grant

Exercise Price

Vesting Date

John Douglas

2020 RPS ELTIP

533,539

24-Feb-20

Nil

24-Feb-23

John Douglas

2021 RPS ELTIP

858,023

16-Mar-21

Nil

16-Mar-24

John Douglas

2022 RPS ELTIP

771,851

22-Mar-22

Nil

22-Mar-25

Judith Cottrell

2020 RPS ELTIP

214,334

24-Feb-20

Nil

24-Feb-23

Judith Cottrell

2021 RPS ELTIP

378,460

16-Mar-21

Nil

16-Mar-24

Judith Cottrell

2022 RPS ELTIP

364,191

22-Mar-22

Nil

22-Mar-25


c.   Interests of the directors of RPS Group Plc under the RPS Group Plc Short Term Annual Bonus Plan ("RPS STABP"):

Director

Description

Total number of RPS Group Plc relevant securities

Date of Grant

Exercise Price

Vesting Date

John Douglas

2020 RPS STABP

78,456

24-Feb-20

Nil

24-Feb-23

John Douglas

2022 RPS STABP

418,673

22-Mar-22

Nil

22-Mar-25

Judith Cottrell

2020 RPS STABP

34,982

24-Feb-20

Nil

24-Feb-23

Judith Cottrell

2022 RPS STABP

96,446

22-Mar-22

Nil

22-Mar-25

d.   Interests of the directors of RPS Group Plc under the RPS Group Plc Share Incentive Plan ("RPS SIP"):

Director

Description

Total number of RPS Group Plc relevant securities

Date of Grant

Exercise Price

Vesting Date

John Douglas

2017 RPS SIP Partnership

513

01-Nov-17

N/A

01-Nov-20

John Douglas

2018 RPS SIP Partnership

962

02-Nov-18

N/A

02-Nov-21

John Douglas

2019 RPS SIP Partnership

1,230

05-Nov-19

N/A

05-Nov-22

John Douglas

2020 RPS SIP Partnership

3,365

04-Nov-20

N/A

04-Nov-23

John Douglas

2021 RPS SIP Partnership

1,383

12-Nov-21

N/A

12-Nov-24

John Douglas

2017 RPS SIP Match

513

01-Nov-17

Prevailing market price at date of exercise

01-Nov-20

John Douglas

2018 RPS SIP Match

962

02-Nov-18

Prevailing market price at date of exercise

02-Nov-21

John Douglas

2019 RPS SIP Match

1,230

05-Nov-19

Prevailing market price at date of exercise

05-Nov-22

John Douglas

2020 RPS SIP Match

3,365

04-Nov-20

Prevailing market price at date of exercise

04-Nov-23

John Douglas

2021 RPS SIP Match

1,383

12-Nov-21

Prevailing market price at date of exercise

12-Nov-24

John Douglas

June 2018 RPS SIP Dividend

18

07-Jun-18

N/A

N/A

John Douglas

October 2018 RPS SIP Dividend

23

22-Oct-18

N/A

N/A

John Douglas

May 2019 RPS SIP Dividend

79

22-May-19

N/A

N/A

John Douglas

October 2019 RPS SIP Dividend

53

25-Oct-19

N/A

N/A

John Douglas

October 2021 RPS SIP Dividend

26

08-Oct-21

N/A

N/A

John Douglas

May 2022 RPS SIP Dividend

66

20-May-22

N/A

N/A

Judith Cottrell

2018 RPS SIP Partnership

961

02-Nov-18

N/A

02-Nov-21

Judith Cottrell

2019 RPS SIP Partnership

1,025

05-Nov-19

N/A

05-Nov-22

Judith Cottrell

2020 RPS SIP Partnership

3,365

04-Nov-20

N/A

04-Nov-23

Judith Cottrell

2021 RPS SIP Partnership

1,383

12-Nov-21

N/A

12-Nov-24

Judith Cottrell

2018 RPS SIP Match

961

02-Nov-18

Prevailing market price at date of exercise

02-Nov-21

Judith Cottrell

2019 RPS SIP Match

1,025

05-Nov-19

Prevailing market price at date of exercise

05-Nov-22

Judith Cottrell

2020 RPS SIP Match

3,365

04-Nov-20

Prevailing market price at date of exercise

04-Nov-23

Judith Cottrell

SIP Match

1,383

12-Nov-21

Prevailing market price at date of exercise

12-Nov-24

Judith Cottrell

May 2019 RPS SIP Dividend

51

22-May-19

N/A

N/A

Judith Cottrell

October 2019 RPS SIP Dividend

34

25-Oct-19

N/A

N/A

Judith Cottrell

October 2021 RPS SIP Dividend

23

08-Oct-21

N/A

N/A

Judith Cottrell

May 2022 RPS SIP Dividend

59

20-May-22

N/A

N/A

 

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:

19 August 2022

Contact name:

Karen Atterbury

Telephone number:

+44 (0) 1235 432 194

 

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.