THE TAKEOVER PANEL – DISCLOSURE TABLE
24 May 2022 – FINAL
The following are today’s changes to the Disclosure Table:
ADDITIONS
None
DELETIONS
OFFEREE: Clipper Logistics plc
Offer period commenced: 14:15 20-Feb-2022
0.05p ordinaryISIN: GB00BMMV6B79NSI: 104,447,937
OFFEROR: GXO Logistics, Inc
Offeror identified: 14:15 20-Feb-2022
Rule 2.6 deadline: N/A
USD0.01 common stockISIN: US36262G1013NSI: 114,856,317
AMENDMENTS
OFFEREE: Avast plc
Offer period commenced: 22:23 14-Jul-2021
10p ordinaryISIN: GB00BDD85M81NSI: 1,041,401,863
OFFEROR: Nitro Bidco Limited (a wholly-owned subsidiary of NortonLifeLock Inc.)
Offeror identified: 22:23 14-Jul-2021
Rule 2.6 deadline: N/A
USD 0.01 commonISIN: US6687711084NSI: 578,443,772
2.000% Senior Unsecured Convertible Notes August 2022ISIN: US668771AB40USD: 524,900,000
OFFEREE: Impellam Group plc
Offer period commenced: 07:00 12-Apr-2022
1p ordinaryISIN: GB00B8HWGJ55NSI: 45,131,657
OFFEROR: No named offeror
OFFEREE: Meggitt plc
Offer period commenced: 07:00 02-Aug-2021
5p ordinaryISIN: GB0005758098NSI: 782,873,607
OFFEROR: Parker-Hannifin Corporation
Offeror identified: 07:00 02-Aug-2021
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
DISCLOSURE TABLE
OFFEREE: Allied Minds plc
Offer period commenced: 16:38 09-Mar-2022
1p ordinaryISIN: GB00BLRLH124NSI: 239,650,273
OFFEROR: No named offeror
OFFEREE: Avast plc
Offer period commenced: 22:23 14-Jul-2021
10p ordinaryISIN: GB00BDD85M81NSI: 1,041,401,863
OFFEROR: Nitro Bidco Limited (a wholly-owned subsidiary of NortonLifeLock Inc.)
Offeror identified: 22:23 14-Jul-2021
Rule 2.6 deadline: N/A
USD 0.01 commonISIN: US6687711084NSI: 578,443,772
2.000% Senior Unsecured Convertible Notes August 2022ISIN: US668771AB40USD: 524,900,000
OFFEREE: Brewin Dolphin Holdings plc
Offer period commenced: 07:00 31-Mar-2022
1p ordinaryISIN: GB0001765816NSI: 303,728,512
OFFEROR: RBC Wealth Management (Jersey) Holdings Limited (an indirect wholly-owned subsidiary of Royal Bank of Canada)
Offeror identified: 07:00 31-Mar-2022
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: CareTech Holdings plc
Offer period commenced: 07:00 07-Mar-2022
0.5p ordinaryISIN: GB00B0KWHQ09NSI: 113,336,434
OFFEROR: DBAY Advisors Limited
Offeror identified: 07:00 04-Apr-2022
Rule 2.6 deadline: 17:00 30-May-2022
Disclosure of dealings and positions in this offeror is not required
OFFEROR: A consortium comprising Sheikh Holdings Group (Investments) Limited, Belgravia Investments Limited, Kensington Capital Limited and funds managed by THCS IV GP S.a.r.l and advised by THCP Advisory Limited
Offeror identified: 07:00 07-Mar-2022
Rule 2.6 deadline: 17:00 30-May-2022
Disclosure of dealings and positions in this offeror is not required
OFFEREE: ContourGlobal plc
Offer period commenced: 07:00 17-May-2022
1p ordinaryISIN: GB00BF448H58NSI: 656,140,855
OFFEROR: Cretaceous Bidco Limited (a newly formed company wholly-owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates)
Offeror identified: 07:00 17-May-2022
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Forest Company Limited, The (See Note 9 below)
Offer period commenced: 11:37 22-Nov-2021
USD 0.10 ordinaryISIN: GG00B4TC8Z57NSI: 51,243,641
USD 0.10 A ordinary  
OFFEROR: No named offeror
OFFEREE: HomeServe plc
Offer period commenced: 16:09 24-Mar-2022
2 9/13p ordinaryISIN: GB00BYYTFB60NSI: 336,471,054
OFFEROR: Hestia Bidco Limited (an indirect subsidiary of Brookfield Infrastructure funds)
Offeror identified: 16:09 24-Mar-2022
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Ideagen plc
Offer period commenced: 17:26 14-Apr-2022
1p ordinaryISIN: GB00B0CM0C50NSI: 293,753,784
OFFEROR: Rainforest Bidco Limited (a company controlled by funds managed by Hg Pooled Management Limited)
Offeror identified: 07:05 05-May-2022
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Impellam Group plc
Offer period commenced: 07:00 12-Apr-2022
1p ordinaryISIN: GB00B8HWGJ55NSI: 45,131,657
OFFEROR: No named offeror
OFFEREE: InnovaDerma plc
Offer period commenced: 07:01 31-Mar-2022
EUR 0.1 ordinaryISIN: GB00BT9PTW34NSI: 28,057,825
OFFEROR: Brand Architekts Group plc
Offeror identified: 07:01 31-Mar-2022
Rule 2.6 deadline: N/A
5p ordinaryISIN: GB0008667304NSI: 17,230,702
OFFEREE: John Menzies plc
Offer period commenced: 07:00 09-Feb-2022
25p ordinaryISIN: GB0005790059NSI: 91,931,453
100p cumulative preferenceISIN: GB0005790273NSI: 1,394,587
OFFEROR: GIL International Holdings V Limited (a wholly-owned subsidiary of Agility Public Warehousing Company K.S.C.P.)
Offeror identified: 07:00 09-Feb-2022
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: M&C Saatchi plc
Offer period commenced: 07:00 06-Jan-2022
1p ordinaryISIN: GB00B01F7T14NSI: 122,257,465
OFFEROR: AdvancedAdvT Limited (a vehicle connected with Vin Murria)
Offeror identified: 07:00 06-Jan-2022
Rule 2.6 deadline: N/A
Ordinary NPVISIN: VGG0103J1075NSI: 133,200,000
OFFEROR: Next Fifteen Communications Group plc
Offeror identified: 07:01 20-May-2022
Rule 2.6 deadline: N/A
2.5p ordinaryISIN: GB0030026057NSI: 97,960,557
OFFEREE: Meggitt plc
Offer period commenced: 07:00 02-Aug-2021
5p ordinaryISIN: GB0005758098NSI: 782,873,607
OFFEROR: Parker-Hannifin Corporation
Offeror identified: 07:00 02-Aug-2021
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Playtech plc
Offer period commenced: 07:00 03-Feb-2022
Ordinary NPVISIN: IM00B7S9G985NSI: 306,356,693
OFFEROR: An investor group to be formed and advised by TTB Partners Limited
Offeror identified: 07:00 03-Feb-2022
Rule 2.6 deadline: 17:00 17-Jun-2022
Disclosure of dealings and positions in this offeror is not required
OFFEREE: River and Mercantile Group plc
Offer period commenced: 07:00 23-Nov-2021
0.3p ordinaryISIN: GB00BLZH7X42NSI: 85,823,864
OFFEROR: AssetCo plc
Offeror identified: 07:00 23-Nov-2021
Rule 2.6 deadline: N/A
10p ordinaryISIN: GB00B42VYZ16NSI: 8,424,847
OFFEREE: Sanne Group plc
Offer period commenced: 07:00 14-May-2021
1p ordinaryISIN: JE00BVRZ8S85NSI: 162,178,754
OFFEROR: Apex Acquisition Company Limited (an indirect wholly-owned subsidiary of Apex Group Ltd.)
Offeror identified: 07:00 02-Aug-2021
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Secure Income REIT plc
Offer period commenced: 07:05 11-May-2022
10p ordinaryISIN: GB00BLMQ9L68NSI: 324,035,146
OFFEROR: LXi REIT plc
Offeror identified: 07:05 11-May-2022
Rule 2.6 deadline: N/A
1p ordinaryISIN: GB00BYQ46T41NSI: 911,569,741
OFFEREE: Shaftesbury plc
Offer period commenced: 22:35 07-May-2022
25p ordinaryISIN: GB0007990962NSI: 384,214,860
OFFEROR: Capital & Counties Properties plc
Offeror identified: 22:35 07-May-2022
Rule 2.6 deadline: 17:00 04-Jun-2022
25p ordinaryISIN: GB00B62G9D36NSI: 851,274,235
OFFEREE: Ted Baker plc
Offer period commenced: 07:00 18-Mar-2022
5p ordinaryISIN: GB0001048619NSI: 184,616,158
OFFEROR: No named offeror
OFFEREE: THG plc
Offer period commenced: 18:31 19-May-2022
0.5p ordinaryISIN: GB00BMTV7393NSI: 1,221,200,967
0.5p D1 ordinary NSI: 56,082,651
100p D2 ordinary NSI: 17,741
0.5p E ordinary NSI: 49,090,983
0.5p F ordinary NSI: 27,205,432
0.5p G ordinary NSI: 17,610,764
100p special share NSI: 1
0.5p deferred 1 NSI: 313,257
0.5p deferred 2 NSI: 21,563,860
OFFEROR: Candy Ventures Sarl
Offeror identified: 18:31 19-May-2022
Rule 2.6 deadline: 17:00 16-Jun-2022
Disclosure of dealings and positions in this offeror is not required
OFFEROR: A consortium comprising Belerion Capital Group Limited and King Street Capital Management, L.P.
Offeror identified: 18:46 19-May-2022
Rule 2.6 deadline: 17:00 16-Jun-2022
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Tungsten Corporation plc
Offer period commenced: 15:18 14-Dec-2021
0.438p ordinaryISIN: GB00B7Z0Q502NSI: 126,537,962
OFFEROR: Project California Bidco Limited (a newly-formed vehicle, indirectly wholly-owned by Kofax Parent Limited)
Offeror identified: 15:18 14-Dec-2021
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEROR: Pagero Group AB (publ)
Offeror identified: 07:55 24-Mar-2022
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Ultra Electronics Holdings plc
Offer period commenced: 16:23 25-Jun-2021
5p ordinaryISIN: GB0009123323NSI: 71,759,256
OFFEROR: Cobham Ultra Acquisitions Limited (a wholly-owned indirect subsidiary of Cobham Group Holdings Limited)
Offeror identified: 16:23 25-Jun-2021
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Vivo Energy plc
Offer period commenced: 07:00 25-Nov-2021
USD 0.50 ordinaryISIN: GB00BDGT2M75NSI: 1,266,941,899
OFFEROR: VIP II Blue B.V. (a newly-formed company, being a wholly-owned, indirect subsidiary of Vitol Investment Partnership II Limited, itself being an investment vehicle advised by employees of the Vitol Group)
Offeror identified: 07:00 25-Nov-2021
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Vp plc
Offer period commenced: 07:00 28-Apr-2022
5p ordinaryISIN: GB0009286963NSI: 40,154,253
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 GlobeNewswire UK Limited+44 (0)20 3753 2071
 PR Newswire Disclose provided by Cision Group Ltd+44 (0)20 7454 5210
 RNS provided by the London Stock Exchange +44 (0)20 7797 4400
 EQS COCKPIT provided by EQS Group AG+44 (0)20 3141 3940

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Rule 8 Summary