Endesa S.A.

Regulatory Filings • Jul 5, 2017

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RNS Number : 2354K

Electric Word PLC

05 July 2017

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:	Electric Word 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	Electric Word plc
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	4 July 2017
(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 1 pence each
	Interests		Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	N/A		N/A
(2) Cash-settled derivatives:	N/A		N/A
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	N/A		N/A
TOTAL:	N/A		N/A

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:

(a)  Interests of directors of Electric Word plc in ordinary shares of Electric Word plc:

Director	Number of ordinary shares	Percentage of total issued ordinary share capital
Andrew Brode	7,200,000	1.8
Julian Turner	12,650,275	3.1

(b)  Interests of directors of Electric Word plc in ordinary shares of Electric Word plc under share options:

Director	Maximum number of ordinary shares awarded	Exercise price (pence)	Vesting date	Expiry date
Andrew Brode (1)	2,748,291	1.5	Vested	11 December 2023
7,403,429*	1.5	Unvested	11 December 2023
Julian Turner (2)	692,267	1.0	Vested	4 November 2017
11,627,385	1.5	Vested	11 December 2023
31,322,201*	1.5	Unvested	11 December 2023
William Fawbert (3)	4,650,954	1.5	Vested	11 December 2023
12,528,880*	1.5	Unvested	11 December 2023

Note: * options vest upon the average mid-market closing price of the Shares being equal to or above certain share price levels as set out below for a continuous period of at least 4 months, or on the occurrence of an Offer, Winding-up, Demerger or Assets Sale of Electric Word plc being equal to or above certain share price levels as set out below

(1)  at 3.5 pence - 2,748,291; at 5.0 pence - 4,863,556; at 6 pence - 6,185,597; at 7 pence - 7,507,638; at 8 pence - 8,829,679; at 9 pence - 10,151,720 (all amounts aggregated)

(2)  at 3.5 pence - 11,627,385; at 5.0 pence - 20,576,585; at 6 pence - 26,169,835; at 7 pence - 31,763,086; at 8 pence - 37,356,336; at 9 pence - 42,949,586 (all amounts aggregated)

(3)  at 3.5 pence - 4,650,954; at 5.0 pence - 8,230,634; at 6 pence - 10,467,934; at 7 pence - 12,705,234; at 8 pence - 14,942,534; at 9 pence - 17,179,834 (all amounts aggregated)

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:	4 July 2017
###### Contact name:	Will Fawbert
###### Telephone number:	020 7265 4100

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 company news service from the London Stock Exchange

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