Form 8.3 - Rexam PLC

LONDON--()--

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed:     Polaris Capital Management, LLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient

     
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

    Rexam PLC ordinary shares
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:      
(e) Date position held/dealing undertaken:     March 11, 2015
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?     No
   

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:     Rexam PLC – ordinary shares

ISIN: GB00BMHTPY25

 

    Interests     Short positions
    Number     %     Number     %
(1) Relevant securities owned and/or controlled:     11,871,746*     1.6844            
(2) Derivatives (other than options):                        
(3) Options and agreements to purchase/sell:                        

TOTAL*:

    11,871,746*     1.6844            
               

*Polaris Capital Management, LLC doesn’t have discretion regarding voting decision in respect of 3,733,318 shares that are included in the TOTAL above.

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of the rights concerned and relevant percentages:  
 

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.

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a) Purchases and sales

Class of relevant security Purchase/sale Number of securities Price per unit
Rexam PLC – ordinary shares Sale 116,500 GBP 5.56
 

(b) Derivatives transactions (other than options)

Class of relevant security     Product description

e.g. CFD

    Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

    Number of reference securities     Price per unit
               

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security     Product description e.g. call option     Writing, purchasing, selling, varying etc.     Number of securities to which option relates     Exercise price per unit     Type

e.g. American, European etc.

    Expiry date     Option money paid/ received per unit
                           

(ii) Exercising

Class of relevant security     Product description

e.g. call option

    Number of securities     Exercise price per unit
           

(d) Other dealings (including subscribing for new securities)

Class of relevant security     Nature of dealing

e.g. subscription, conversion

    Details     Price per unit (if applicable)
           

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

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 person making the disclosure 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

Is a Supplemental Form 8 (Open Positions) attached?     NO
   
Date of disclosure:     March 11, 2015
Contact name:     Olessia Grinevitch
Telephone number:     (617) 951 0004
   

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Short Name: Polaris Capital Management
Category Code: RET
Sequence Number: 456305
Time of Receipt (offset from UTC): 20150311T193721+0000

Contacts

Polaris Capital Management, LLC

Contacts

Polaris Capital Management, LLC