REG - Trinity Exploration - Form 8 (OPD) Trinity Exploration & Production plc

Trinity Exploration & ProductionAnnouncement

03/05/2024 14:45

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RNS Number : 2360N  Trinity Exploration & Production  03 May 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:                                                     Trinity Exploration & Production Plc
 (b) Owner or controller of interests and short positions disclosed, if          N/A
 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  Trinity Exploration & Production Plc
 relates:

      Use a separate form for each offeror/offeree
 (d) Is the discloser the offeror or the offeree?                                OFFEREE
 (e) Date position held:                                                         2 May 2024

      The latest practicable date prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making          NO
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "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 USD 0.01 each

                                                                      Interests             Short positions

                                                                      Number     %          Number     %
 (1) Relevant securities owned and/or controlled:                     Nil        Nil        Nil        Nil
 (2) Cash-settled derivatives:                                        Nil        Nil        Nil        Nil

 (3) Stock-settled derivatives (including options) and agreements to  Nil        Nil        Nil        Nil
 purchase/sell:
                                                                      Nil        Nil        Nil        Nil

      TOTAL:

 

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:
 3(a) Interests held by directors of Trinity Exploration & Production Plc
 (excluding options and awards set out in 3 (b) below):

NAME                  NUMBER OF ORDINARY SHARES  PERCENTAGE OF TOTAL ISSUED ORDINARY SHARE CAPITAL (excluding treasury shares)
 Jeremy Bridglalsingh  319,463                    0.82%
 James Menzies         115,000                    0.29%
 Nicholas Clayton      30,000                     0.07%

 

 3(b) Options and LTIP awards held by directors of Trinity Exploration &
 Production Plc in Trinity Exploration & Production Plc shares:

 (i)         Jeremy Bridglalsingh

Number and Class of Securities Under Option  Name of Scheme or Plan  Exercise Price  Vesting Details
 55,809 ordinary shares of USD 0.01 each      LTIP Option Award 2019  Nil             Granted: 25.06.2020

                                            Vested: 02.01.2023

                                            Expires: 01.01.2025

 90,000 ordinary shares of USD 0.01 each      LTIP Option Award 2021  Nil             Granted: 06.06.2022

                                            Vesting: 01.01.2025

                                            Expires: 01.01.2027

 100,000 ordinary shares of USD 0.01 each     LTIP Option Award 2022  Nil             Granted: 21.08.2023

                                            Vesting: 01.01.2026

                                            Expires: 01.01.2028

 

 (ii)         Julian Kennedy

Number and Class of Securities Under Option  Name of Scheme or Plan  Exercise Price  Vesting Details
 75,000 ordinary shares of USD 0.01 each      LTIP Option Award 2021  Nil             Granted: 24.10.2022

                                            Vesting: 01.01.2025

                                            Expires: 01.01.2027

 175,000 ordinary shares of USD 0.01 each     LTIP Option Award 2022  Nil             Granted: 21.08.2023

                                            Vesting: 01.01.2026

                                            Expires: 01.01.2028

 

 

3(b) Options and LTIP awards held by directors of Trinity Exploration &
Production Plc in Trinity Exploration & Production Plc shares:

 

(i)         Jeremy Bridglalsingh

 Number and Class of Securities Under Option  Name of Scheme or Plan  Exercise Price  Vesting Details
 55,809 ordinary shares of USD 0.01 each      LTIP Option Award 2019  Nil             Granted: 25.06.2020

                                                                                      Vested: 02.01.2023

                                                                                      Expires: 01.01.2025

 90,000 ordinary shares of USD 0.01 each      LTIP Option Award 2021  Nil             Granted: 06.06.2022

                                                                                      Vesting: 01.01.2025

                                                                                      Expires: 01.01.2027

 100,000 ordinary shares of USD 0.01 each     LTIP Option Award 2022  Nil             Granted: 21.08.2023

                                                                                      Vesting: 01.01.2026

                                                                                      Expires: 01.01.2028

 

(ii)         Julian Kennedy

 Number and Class of Securities Under Option  Name of Scheme or Plan  Exercise Price  Vesting Details
 75,000 ordinary shares of USD 0.01 each      LTIP Option Award 2021  Nil             Granted: 24.10.2022

                                                                                      Vesting: 01.01.2025

                                                                                      Expires: 01.01.2027

 175,000 ordinary shares of USD 0.01 each     LTIP Option Award 2022  Nil             Granted: 21.08.2023

                                                                                      Vesting: 01.01.2026

                                                                                      Expires: 01.01.2028

 

 

 

 

 

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:  2 May 2024
 Contact name:        Julian Kennedy, Chief Financial Officer
 Telephone number:    +44 20 7390 0230
                      (Via Vigo Consulting)

 

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
(http://www.thetakeoverpanel.org.uk) .

 

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