Disclosure Table

THE TAKEOVER PANEL – DISCLOSURE TABLE
24 September 2020 – FINAL
The following are today’s changes to the Disclosure Table:
ADDITIONS
OFFEREE: AA plc
Offer period commenced: 07:00 04-Aug-2020
0.1p ordinaryISIN: GB00BMSKPJ95NSI: 622,316,575
OFFEROR: A consortium comprising TowerBrook Capital Partners (U.K.) LLP and Warburg Pincus International LLC
Offeror identified: 07:45 24-Sep-2020
Rule 2.6 deadline: 17:00 29-Sep-2020
Disclosure of dealings and positions in this offeror is not required
DELETIONS
OFFEROR: TowerBrook Capital Partners (U.K.) LLP (potential offeror for AA plc)
Offeror identified: 07:00 04-Aug-2020
Rule 2.6 deadline: 17:00 29-Sep-2020
Disclosure of dealings and positions in this offeror is not required
OFFEROR: Warburg Pincus International LLC (potential offeror for AA plc)
Offeror identified: 07:00 04-Aug-2020
Rule 2.6 deadline: 17:00 29-Sep-2020
Disclosure of dealings and positions in this offeror is not required
AMENDMENTS
OFFEREE: Pollen Street Secured Lending plc
Offer period commenced: 07:00 25-Feb-2020
1p ordinaryISIN: GB00BLP57Y95NSI: 73,605,811
OFFEROR: Waterfall Asset Management LLC
Offeror identified: 07:00 25-Feb-2020
Rule 2.6 deadline: 17:00 06-Oct-2020
Disclosure of dealings and positions in this offeror is not required
DISCLOSURE TABLE
OFFEREE: AA plc
Offer period commenced: 07:00 04-Aug-2020
0.1p ordinaryISIN: GB00BMSKPJ95NSI: 622,316,575
OFFEROR: A consortium comprising TowerBrook Capital Partners (U.K.) LLP and Warburg Pincus International LLC
Offeror identified: 07:45 24-Sep-2020
Rule 2.6 deadline: 17:00 29-Sep-2020
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Audioboom Group plc
Offer period commenced: 07:00 10-Feb-2020
ordinaryISIN: JE00BJYJFG60NSI: 14,056,504
OFFEROR: No named offeror
OFFEREE: Best of the Best plc
Offer period commenced: 07:00 17-Jun-2020
5p ordinaryISIN: GB00B16S3505NSI: 9,377,253
OFFEROR: No named offeror
OFFEREE: Collagen Solutions plc
Offer period commenced: 07:00 16-Apr-2020
1p ordinaryISIN: GB00B94T6Y14NSI: 446,878,910
OFFEROR: Rosen’s Diversified Inc
Offeror identified: 14:30 27-Aug-2020
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Deltic Energy plc
Offer period commenced: 15:24 11-Sep-2020
0.5p ordinaryISIN: GB00B6SYKF01NSI: 1,405,964,855
OFFEROR: Independent Oil & Gas plc
Offeror identified: 15:24 11-Sep-2020
Rule 2.6 deadline: 17:00 09-Oct-2020
1p ordinaryISIN: GB00BF49WF64NSI: 480,173,245
OFFEREE: Eurasia Mining plc
Offer period commenced: 07:00 01-Jul-2020
0.1p ordinaryISIN: GB0003230421NSI: 2,724,774,624
OFFEROR: No named offeror
OFFEREE: G4S plc
Offer period commenced: 11:00 14-Sep-2020
25p ordinaryISIN: GB00B01FLG62NSI: 1,551,594,436
OFFEROR: Garda World Security Corporation
Offeror identified: 11:00 14-Sep-2020
Rule 2.6 deadline: 17:00 12-Oct-2020
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Hastings Group Holdings plc
Offer period commenced: 15:35 29-Jul-2020
2p ordinaryISIN: GB00BYRJH519NSI: 661,484,630
OFFEROR: Dorset Bidco Limited (a newly formed company jointly owned by a consortium comprising Sampo plc and Rand Merchant Investment Holdings Limited)
Offeror identified: 15:35 29-Jul-2020
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Highland Gold Mining Limited
Offer period commenced: 07:00 31-Jul-2020
0.1p ordinaryISIN: GB0032360173NSI: 363,896,990
OFFEROR: Fortiana Holdings Limited
Offeror identified: 07:00 31-Jul-2020
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Hydrogen Group plc
Offer period commenced: 07:00 08-Sep-2020
1p ordinaryISIN: GB00B1DJTV45NSI: 34,334,927
OFFEROR: Ian Temple and John Hunter and persons acting in concert with them
Offeror identified: 07:00 08-Sep-2020
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Microsaic Systems plc
Offer period commenced: 07:00 29-Jul-2020
0.25p ordinaryISIN: GB00B547ZY09NSI: 456,365,146
OFFEROR: No named offeror
OFFEREE: Modern Water plc
Offer period commenced: 08:06 28-Aug-2020
0.25p ordinaryISIN: GB00B1XF5X66NSI: 524,693,214
OFFEROR: Integumen plc
Offeror identified: 08:06 28-Aug-2020
Rule 2.6 deadline: N/A
0.1p ordinaryISIN: GB00BMGWZY29NSI: 113,185,643
Warrant May 2021 20p NSI: 4,585,214
Warrant January 2023 15p NSI: 440,000
Warrant September 2024 25.7868p NSI: 1,890,502
OFFEREE: NAHL Group plc
Offer period commenced: 07:00 23-Sep-2020
0.25p ordinaryISIN: GB00BM7S2W63NSI: 46,240,222
OFFEROR: Frenkel Topping Group plc
Offeror identified: 07:00 23-Sep-2020
Rule 2.6 deadline: 17:00 21-Oct-2020
0.5p ordinaryISIN: GB00B01YXQ71NSI: 108,051,641
OFFEREE: Pollen Street Secured Lending plc
Offer period commenced: 07:00 25-Feb-2020
1p ordinaryISIN: GB00BLP57Y95NSI: 73,605,811
OFFEROR: Waterfall Asset Management LLC
Offeror identified: 07:00 25-Feb-2020
Rule 2.6 deadline: 17:00 06-Oct-2020
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Redcentric plc
Offer period commenced: 07:00 02-Sep-2020
0.1p ordinaryISIN: GB00B7TW1V39NSI: 154,772,200
OFFEROR: Macquarie Principal Finance Pty Limited, UK Branch
Offeror identified: 07:00 02-Sep-2020
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEROR: Six Degrees Holdings Limited
Offeror identified: 07:00 02-Sep-2020
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Sativa Group plc
Offer period commenced: 07:01 22-Apr-2020
0.25p ordinaryISIN: GB00BFX17474NSI: 569,189,167
OFFEROR: StillCanna Inc
Offeror identified: 07:01 22-Apr-2020
Rule 2.6 deadline: N/A
Common NPVISIN: CA86071P1071NSI: 110,874,747
OFFEREE: SDL plc
Offer period commenced: 07:00 27-Aug-2020
1p ordinaryISIN: GB0009376368NSI: 91,308,420
OFFEROR: RWS Holdings plc
Offeror identified: 07:00 27-Aug-2020
Rule 2.6 deadline: N/A
1p ordinaryISIN: GB00BVFCZV34NSI: 275,188,492
OFFEREE: Volga Gas plc
Offer period commenced: 07:00 07-Apr-2020
1p ordinaryISIN: GB00B1VN4809NSI: 80,818,452
OFFEROR: No named offeror
Notes:
1.Rule 8 of the Takeover Code (the “Code”) sets out the circumstances in which Dealing Disclosures and/or Opening Position Disclosures are required to be made by the parties to an offer, persons acting in concert with them, persons with an interest in relevant securities of 1% or more and exempt principal traders (“EPTs”) connected with the parties to an offer.
2.Where an offeror is marked “Disclosure of dealings and positions in this offeror is not required”, dealings and positions in relevant securities of that offeror are not required to be disclosed under Rule 8. This is either because it has been announced that the offer or possible offer is, or is likely to be, solely in cash or because disclosure is not required for some other reason.
3.Dealings and positions required to be disclosed under Rule 8 of the Code include dealings and positions in derivatives referenced to, and options in respect of, relevant securities of an offeree company and, where appropriate, an offeror (see Note 2 above).
4.The information set out in the Disclosure Table relating to the relevant securities in issue of an offeree company or of an offeror (and any amendments thereto) has been extracted from the relevant announcement made by such company under Rule 2.9 of the Code. Similarly, details of any deadline set under Rule 2.6 by which a potential offeror must announce either a firm intention to make a bid or that it does not intend to make an offer (or, in the case of Rule 2.6(a), by which the Panel must consent to an extension of the deadline) has been extracted from the relevant announcement made by the offeree company.
5.Additions and deletions of offeree companies and offerors are reflected in the Disclosure Table throughout the day, following the relevant announcement. Other amendments may also be made throughout the day. In any event, details of the classes of relevant securities issued by an offeree or offeror company, the number of such securities in issue (“NSI”) and the International Securities Identification Number (“ISIN”) of such securities announced under Rule 2.9 of the Code before 5.00 pm each day will be included in the final version of the Disclosure Table by 5.30 pm that day. The final version of the Disclosure Table issued each day will be marked “Final” and persons required to make Dealing Disclosures and Opening Position Disclosures are advised to use that final version. Any changes to a potential offeror’s Rule 2.6 deadline will also be reflected in the “Final” version of the Disclosure Table, although any such changes will not be shown in the “Amendments” section at the top of the Disclosure Table.
6.Dealing Disclosures by the parties to an offer, persons acting in concert with them and connected EPTs must be made by no later than 12 noon on the business day (as defined in the Code) following the date of the relevant dealing and Dealing Disclosures by persons with an interest in relevant securities of 1% or more must be made by 3.30 pm on the business day following the date of the relevant dealing.
7.Opening Position Disclosures by the parties to an offer and by connected EPTs must be made by no later than 12 noon on the 10th business day after the commencement of the offer period or the announcement that first identifies an offeror (as the case may be). Where required, Opening Position Disclosures by persons with interests in relevant securities of 1% or more must be made by no later than 3.30 pm on the 10th business day after the commencement of the offer period or the announcement that first identifies an offeror (as the case may be). Details of the time and date at which an offer period commenced and at which an offeror was first identified are set out in the Disclosure Table. In order to calculate the deadline for Opening Position Disclosures, it is therefore necessary to count forward 10 business days from the relevant date.
8.Opening Position Disclosures and Dealing Disclosures required under Rule 8 of the Code must be made to a Regulatory Information Service (“RIS”).
9.This Note is applicable if it says “See Note 9 below” by the name of the company in the Disclosure Table above. The Executive has granted the company a dispensation from the requirements under the Code that announcements must be published via a RIS. The company is instead required to publish all announcements on its website. The Executive has also granted a dispensation from Note 3 on Rule 8 of the Code that disclosures made under Rule 8 of the Code must be made to a RIS. Therefore, Opening Position Disclosures and Dealing Disclosures required under Rule 8 of the Code may be made to the company at the address stated in the announcement that commenced the offer period.
10.The following are approved Regulatory Information Services: 
 Business Wire Regulatory Disclosure provided by Business Wire+44 (0)20 7626 1982
 GlobeNewswire provided by West Digital Media Solutions+44 (0)20 3753 2071
 PR Newswire Disclose provided by PR Newswire +44 (0)20 7454 5110
 RNS provided by the London Stock Exchange +44 (0)20 7797 4400
 EQS IR.COCKPIT provided by EquityStory AG+49 89 21 02 98 – 50

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Disclosure Table

Details of offeree companies and offerors currently in an offer period. Positions and dealings in relevant securities must be disclosed under Rule 8 of the Code.

Current Table - Rule 8 Summary
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