REG - Takeover Panel - Disclosure Table

RNS Number : 6132Q Takeover Panel 27 January 2026 THE TAKEOVER PANEL - DISCLOSURE TABLE27 January 2026 - FINALThe following are today's changes to the Disclosure Table:ADDITIONSNoneDELETIONSOFFEREE: Revel Collective plc, TheOffer period commenced: 07:00 24-Oct-20250.1p ordinaryISIN: GB00BVDPPV41NSI: 1,501,925,226OFFEROR: No named offerorOTHER AMENDMENTSOFFEREE: Empiric Student Property plcOffer period commenced: 11:15 05-Jun-20251p ordinaryISIN: GB00BLWDVR75NSI: 664,188,110OFFEROR: Unite Group plc, TheOfferor identified: 11:15 05-Jun-2025Rule 2.6 deadline: N/A25p ordinaryISIN: GB0006928617NSI: 488,258,162DISCLOSURE TABLEOFFEREE: 1Spatial plcOffer period commenced: 07:00 12-Dec-202510p ordinaryISIN: GB00BFZ45C84NSI: 111,860,753OFFEROR: VertiGIS Ltd (a portfolio company of Battery Ventures)Offeror identified: 07:00 12-Dec-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: Aferian plcOffer period commenced: 10:04 29-Sep-20251p ordinaryISIN: GB00B013SN63NSI: 111,212,107OFFEROR: No named offerorOFFEREE: Auction Technology Group plcOffer period commenced: 07:00 05-Jan-20260.01p ordinaryISIN: GB00BMVQDZ64NSI: 121,108,423OFFEROR: FitzWalter Capital LimitedOfferor identified: 07:00 05-Jan-2026Rule 2.6 deadline: 17:00 02-Feb-2026Disclosure of dealings and positions in this offeror is not requiredOFFEREE: Audioboom Group plcOffer period commenced: 17:09 03-Oct-2025Ordinary NPVISIN: JE00BJYJFG60NSI: 17,984,655OFFEROR: No named offerorOFFEREE: Beazley plcOffer period commenced: 12:55 19-Jan-20265p ordinaryISIN: GB00BYQ0JC66NSI: 599,509,906OFFEROR: Zurich Insurance Group LtdOfferor identified: 12:55 19-Jan-2026Rule 2.6 deadline: 17:00 16-Feb-2026Disclosure of dealings and positions in this offeror is not requiredOFFEREE: Bluefield Solar Income Fund LimitedOffer period commenced: 07:00 05-Nov-20250.01p ordinaryISIN: GG00BB0RDB98NSI: 592,080,033OFFEROR: No named offerorOFFEREE: Deltic Energy plcOffer period commenced: 12:07 30-Jun-202510p ordinaryISIN: GB00BNTY2N01NSI: 93,096,600OFFEROR: Rockrose Energy Limited (a wholly-owned subsidiary of Viaro Energy Limited)Offeror identified: 12:07 30-Jun-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: Dowlais Group plcOffer period commenced: 07:00 29-Jan-20251p ordinaryISIN: GB00BMWRZ071NSI: 1,316,658,644OFFEROR: Dauch CorporationOfferor identified: 07:00 29-Jan-2025Rule 2.6 deadline: N/AUSD 0.01 commonISIN: US0240611030NSI: 118,696,421OFFEREE: Empiric Student Property plcOffer period commenced: 11:15 05-Jun-20251p ordinaryISIN: GB00BLWDVR75NSI: 664,188,110OFFEROR: Unite Group plc, TheOfferor identified: 11:15 05-Jun-2025Rule 2.6 deadline: N/A25p ordinaryISIN: GB0006928617NSI: 488,258,162OFFEREE: essensys plcOffer period commenced: 07:00 28-Nov-20250.25p ordinaryISIN: GB00BJL1ZF49NSI: 64,811,336OFFEROR: Mr Mark FurnessOfferor identified: 07:00 28-Nov-2025Rule 2.6 deadline: 17:00 20-Feb-2026Disclosure of dealings and positions in this offeror is not requiredOFFEREE: First Class Metals plcOffer period commenced: 07:32 19-Dec-20250.1p ordinaryISIN: GB00BPJGTF16NSI: 244,889,548Convertible Loan NoteGBP: 332,500OFFEROR: No named offerorOFFEREE: Frenkel Topping Group plcOffer period commenced: 11:00 02-Jun-20250.5p ordinaryISIN: GB00B01YXQ71NSI: 128,013,064OFFEROR: Irwell Financial Services Bidco Limited (a newly formed company indirectly owned by a limited partnership managed by Harwood Private Equity LLP)Offeror identified: 11:00 02-Jun-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: Glencore plcOffer period commenced: 20:03 08-Jan-2026Ordinary NPVISIN: JE00B4T3BW64NSI: 11,743,755,559OFFEROR: Rio Tinto plc and Rio Tinto LimitedOfferor identified: 20:03 08-Jan-2026Rule 2.6 deadline: 17:00 05-Feb-2026Rio Tinto plc 10p ordinaryISIN: GB0007188757NSI: 1,254,292,412Rio Tinto plc ADRISIN: US7672041008Rio Tinto Limited ordinaryISIN: AU000000RIO1NSI: 371,216,214OFFEREE: Idox plcOffer period commenced: 07:00 28-Oct-20251p ordinaryISIN: GB0002998192NSI: 461,682,046OFFEROR: Frankel UK Bidco Limited (a newly-formed company indirectly owned by Long Path Co-Investment Fund Number 6, LP, Long Path Smaller Companies Fund, LP, Long Path Smaller Companies Master Fund, Ltd. and Long Path Opportunities Fund II, LP)Offeror identified: 07:00 28-Oct-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: Inspecs Group plcOffer period commenced: 16:32 23-Oct-20251p ordinaryISIN: GB00BK6JPP03NSI: 101,671,525OFFEROR: Bidco 1125 Limited (a newly formed company indirectly owned by Luke Johnson and Ian Livingstone)Offeror identified: 16:32 23-Oct-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: International Personal Finance plcOffer period commenced: 07:01 30-Jul-202510p ordinaryISIN: GB00B1YKG049NSI: 219,832,047OFFEROR: IPF Parent Holdings Limited (a newly formed company in the same group as BasePoint Capital LLC)Offeror identified: 07:01 30-Jul-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: IQE plcOffer period commenced: 07:00 08-Sep-20251p ordinaryISIN: GB0009619924NSI: 978,259,501OFFEROR: No named offerorOFFEREE: JTC plcOffer period commenced: 11:39 29-Aug-20251p ordinaryISIN: JE00BF4X3P53NSI: 172,386,504OFFEROR: Papilio Bidco Limited (a newly incorporated company indirectly wholly-owned by funds advised by Permira Advisers LLP)Offeror identified: 11:39 29-Aug-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: Just Group plcOffer period commenced: 07:00 31-Jul-202510p ordinaryISIN: GB00BCRX1J15NSI: 1,038,702,932OFFEROR: BWS Holdings Ltd. (a wholly owned subsidiary of Brookfield Wealth Solutions Ltd.)Offeror identified: 07:00 31-Jul-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: Kitwave Group plcOffer period commenced: 07:00 22-Jan-20261p ordinaryISIN: GB00BNYKB709NSI: 83,736,538OFFEROR: Kite UK Bidco Limited (a newly-incorporated company indirectly wholly-owned by funds managed or advised by OEP Capital Advisors, L.P.)Offeror identified: 07:00 22-Jan-2026Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: Kore Potash plcOffer period commenced: 07:30 04-Nov-2025USD 0.001 ordinaryISIN: GB00BYP2QJ94NSI: 5,175,938,315CDIISIN: AU000000KP25OFFEROR: No named offerorOFFEREE: Management Consulting Group plc (See Note 9 below)Offer period commenced: 16:44 14-Nov-20251p ordinaryISIN: GB0001979029NSI: 1,516,528,4240.01p preference (A)ISIN: GB00BMC7BY33NSI: 1,945,319,0130.01p preference (B)ISIN: GB00BN2S8316NSI: 3,461,847,4370.01p preference (C)ISIN: GB00BP6WH811NSI: 12,499,900,477OFFEROR: No named offerorOFFEREE: NCC Group plcOffer period commenced: 18:24 16-Jul-20251p ordinaryISIN: GB00B01QGK86NSI: 315,227,905OFFEROR: No named offerorOFFEREE: Oxford Biomedica plcOffer period commenced: 16:09 14-Jan-202650p ordinaryISIN: GB00BDFBVT43NSI: 120,819,102OFFEROR: EQT X EUR SCSp and EQT X USD SCSp each represented by its manager, EQT Fund Management S.a.r.l.Offeror identified: 16:49 14-Jan-2026Rule 2.6 deadline: 17:00 11-Feb-2026Disclosure of dealings and positions in this offeror is not requiredOFFEREE: Picton Property Income LimitedOffer period commenced: 07:00 13-Jan-2026Ordinary NPVISIN: GB00B0LCW208NSI: 513,827,021OFFEROR: No named offerorOFFEREE: PPHE Hotel Group LimitedOffer period commenced: 07:00 14-Nov-2025Ordinary NPVISIN: GG00B1Z5FH87NSI: 41,856,324OFFEROR: No named offerorOFFEREE: SolGold plcOffer period commenced: 14:23 28-Nov-20251p ordinaryISIN: GB00B0WD0R35NSI: 3,013,831,141OFFEROR: Jiangxi Copper (Hong Kong) Investment Company LimitedOfferor identified: 14:23 28-Nov-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: Spire Healthcare Group plcOffer period commenced: 19:36 18-Sep-20251p ordinaryISIN: GB00BNLPYF73NSI: 402,759,599OFFEROR: Bridgepoint Advisers LimitedOfferor identified: 15:18 24-Jan-2026Rule 2.6 deadline: 17:00 21-Feb-2026Disclosure of dealings and positions in this offeror is not requiredOFFEROR: Triton Investment Advisers LLPOfferor identified: 15:18 24-Jan-2026Rule 2.6 deadline: 17:00 21-Feb-2026Disclosure of dealings and positions in this offeror is not requiredOFFEREE: Walker Crips Group plcOffer period commenced: 07:00 24-Nov-20256 2/3p ordinaryISIN: GB00B1YMRV88NSI: 42,577,328OFFEROR: PhillipCapital UK LTD (an indirect wholly-owned subsidiary of Phillip Brokerage Pte Ltd)Offeror identified: 07:00 24-Nov-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredOFFEREE: WH Ireland Group plcOffer period commenced: 21:17 12-Nov-20251p ordinaryISIN: GB0009241885NSI: 235,986,209OFFEROR: Team plcOfferor identified: 21:17 12-Nov-2025Rule 2.6 deadline: N/AOrdinary NPVISIN: JE00BM90BX45NSI: 62,340,022OFFEREE: Wood Group (John) plcOffer period commenced: 14:31 24-Feb-20254 2/7 p ordinaryISIN: GB00B5N0P849NSI: 691,839,369OFFEROR: Sidara Limited (an entity controlled by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd)Offeror identified: 14:31 24-Feb-2025Rule 2.6 deadline: N/ADisclosure of dealings and positions in this offeror is not requiredNotes: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 the Rule 2.6 deadline of a potential offeror 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.EQS IR COCKPIT provided by EquityStory AG+49 89 21 02 98-50.GlobeNewswire provided by West Digital Media Solutions+44 (0)20 3753 2071.MFN provided by Modular Finance+44 (0)20 3026 4414.PR Newswire Disclose provided by PR Newswire+44 (0)20 7454 5210.RNS provided by the London Stock Exchange+44 (0)20 7797 4400This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END TABBRMRTMTBTBJF