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Ora Technology PLC - Form 8 (OPD) Ora Technology plc


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Ora Technology Plc · ORA

09/09/2024 13:00

Ora Technology PLC - Form 8 (OPD) Ora Technology plc
RNS Number : 4565D
Ora Technology 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:

Ora Technology 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

Ora Technology plc

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

OFFEREE

(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 - Kondor AI 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

GB00BP4YBY34

 

 

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

GB00BP4YBY34

Interest

Name

Total number of Shares

Percentage of existing issued share capital

Marallo Holdings Inc (company owned by Michael Edwards)

 

58,000,000

28.06%

Nicholas Lyth

2,001,000

0.97%

Clear Capital Markets Ltd

1,000,000

0.48%

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

 

 

6,000,000

2.90%

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

 

 

4.500,000

2.18%

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

 

1,000,000

0.48%

D Pellard Consulting Ltd (company owned by Daniel Pellard director of Clear Capital Markets Ltd)

1,000,000

0.48%

Total

73,501,000

35.56%

 

 

Class of relevant security:

Warrants Ordinary 0.1p shares

Exercise price 1p

Warrants

Warrant holder

Number of warrants

Strike price

Issue date

Expiration date

Marallo Holdings Inc

20,000,000

£0.01

22-Jun-2023

20-Jul-2026

Nicholas Lyth

7,000,000

£0.01

22-Jun-2023

20-Jul-2026

Jonathan Hives

3,000,000

£0.01

22-Jun-2023

20-Jul-2026


Class of relevant security:

Warrants Ordinary 0.1p shares

Exercise price 2p

Warrants

Warrant holder

Number of warrants

Strike price

Issue date

Expiration date

Clear Capital Markets Ltd

2,897,620

£0.02

20-Jul-2023

20-Jul-2026


 

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:

Nicholas Lyth

Telephone number:

+44 7769 906686

 

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.

 

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