Skip to content

Kondor AI PLC - Form 8 (OPD) Kondor AI plc


Announcement provided by

Kondor AI PLC · KNDR

09/09/2024 13:00

Kondor AI PLC - Form 8 (OPD) Kondor AI plc
RNS Number : 4515D
Kondor AI PLC
09 September 2024
 

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) Full name of discloser:

Kondor AI 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.


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

     Use a separate form for each offeror/offeree

Kondor AI plc

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

OFFEROR

(e) Date position held:

     The latest practicable date prior to the disclosure

6 September 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"

Yes - Ora Technology plc

 

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 0.1p shares

GB00BRXKJ754

 

 

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:

N/A

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

N/A

 

 

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:

 

Class of relevant security:

Ordinary 0.1p shares

GB00BRXKJ754

Interest

Name

Total number of Shares

Percentage of existing issued share capital

Toro Consulting Ltd (company owned by Jonathan Bixby)

 

49,000,000

27.21%

Benjamin Sampson (Director)

500,000

0.28%

First Sentinel Corporate Finance Ltd

4,000,000

2.22%

Brian Stockbridge (director of First Sentinel Corporate Finance Ltd)

 

1,000,000

0.56%

Alpha Capital Group Ltd (company controlled by Andrew Blaylock, director of Clear Capital Markets Ltd)

 

 

6,000,000

3.33%

AB Trading and Investments Ltd (company owned by Andrew Blaylock, director of Clear Capital Markets Ltd)

 

 

3,000,000

1.67%

B Roberts Equity Trading Ltd (company owned by Bob Roberts, director of Clear Capital Markets Ltd)

 

3,000,000

1.67%

Daniel Pellard (director of Clear Capital Markets Ltd)

3,000,000

1.67%

Total

69,500,000

38.60%

 

Class of relevant security:

Warrants Ordinary 0.1p shares

Exercise price 1p

Warrants

Warrant holder

Number of warrants

Strike price

Issue date

Expiration date

Toro Consulting Ltd

26,000,000

£0.01

1-Dec-2023

21-Dec-2026

Benjamin Sampson

2,000,000

£0.01

1-Dec-2023

21-Dec-2026

Nicholos Hellyer

2,000,000

£0.01

1-Dec-2023

21-Dec-2026

Jill Kenney

2,000,000

£0.01

1-Dec-2023

21-Dec-2026

First Sentinel Corporate Finance Ltd

4,000,000

£0.01

1-Dec-2023

21-Dec-2026


Class of relevant security:

Warrants Ordinary 0.1p shares

Exercise price 3p

Warrants

Warrant holder

Number of warrants

Strike price

Issue date

Expiration date

First Sentinel Corporate Finance Ltd

1,800,500

£0.03

21-Dec -2023

21-Dec-2028

Clear Capital Markets Ltd

8,000,000

£0.03

21-Dec -2023

21-Dec-2028


 

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:

9 September 2024

Contact name:

Benjamin Sampson

Telephone number:

+44 7545 467024

 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NEXEAFNNEEPLEFA]]>

View more ...

KNDR announcementsAll announcements

Company

  • About
  • News
  • Investor Relations
  • Contact
  • Careers
ISO 27001 Certified

© Aquis Exchange 2024. All rights reserved.

Terms & ConditionsPrivacy PolicyModern Slavery & Human Trafficking Policy
System statusnormal