TIDMMKT

RNS Number : 7262F

LabTech Investments Limited

19 May 2017

THIS FORM REPLACES RNS NUMBER 4854E, AMMENT TO SECTION 3

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:                                 LabTech Investments Ltd 
----------------------------------------------------------  ---------------------------------------------------------- 
 (b) Owner or controller of interests and short positions    LabTech is wholly owned by Goodheart Trust, a trust of 
 disclosed, if different from 1(a):                          which the ultimate and sole beneficiary 
 The naming of nominee or vehicle companies is               is Teddy Sagi. 
 insufficient. For a trust, the trustee(s), 
 settlor and beneficiaries must be named. 
----------------------------------------------------------  ---------------------------------------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant   Market Tech Holdings Ltd 
 securities this form relates: 
 Use a separate form for each offeror/offeree 
----------------------------------------------------------  ---------------------------------------------------------- 
 (d) Is the discloser the offeror or the offeree?            OFFEROR 
----------------------------------------------------------  ---------------------------------------------------------- 
 (e) Date position held:                                     5(th) May 2017 
  The latest practicable date prior to the disclosure 
----------------------------------------------------------  ---------------------------------------------------------- 
 (f) In addition to the company in 1(c) above, is the        N/A 
 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" 
----------------------------------------------------------  ---------------------------------------------------------- 
 
   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:                                                                10p Ordinary 
----------------------------------------------------------------------------  ---------------------------------------- 
                                                                                    Interests         Short positions 
----------------------------------------------------------------------------  --------------------  ------------------ 
                                                                                 Number        %        Number      % 
----------------------------------------------------------------------------  ------------  ------  -------------  --- 
 (1) Relevant securities owned and/or controlled:                              334,187,500   71.00       Nil        0 
----------------------------------------------------------------------------  ------------  ------  -------------  --- 
 (2) Cash-settled derivatives:                                                     Nil         0         Nil        0 
----------------------------------------------------------------------------  ------------  ------  -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to 
  purchase/sell:                                                                   Nil         0         Nil        0 
----------------------------------------------------------------------------  ------------  ------  -------------  --- 
 
   TOTAL:                                                                      334,187,500   71.00       Nil        0 
----------------------------------------------------------------------------  ------------  ------  -------------  --- 
 
 
 Class of relevant security:                                                              Convertible Bonds 
-----------------------------------------------------------------------------  --------------------------------------- 
                                                                                    Interests         Short positions 
-----------------------------------------------------------------------------  -------------------  ------------------ 
                                                                                  Number       %        Number      % 
-----------------------------------------------------------------------------  -----------  ------  -------------  --- 
 (1) Relevant securities owned and/or controlled:                               16,200,000   18.06       Nil        0 
-----------------------------------------------------------------------------  -----------  ------  -------------  --- 
 (2) Cash-settled derivatives:                                                     Nil         0         Nil        0 
-----------------------------------------------------------------------------  -----------  ------  -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to 
  purchase/sell:                                                                   Nil         0         Nil        0 
-----------------------------------------------------------------------------  -----------  ------  -------------  --- 
 
   TOTAL:                                                                       16,200,000   18.06       Nil        0 
-----------------------------------------------------------------------------  -----------  ------  -------------  --- 
 

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:    Nil 
----------------------------------------------------------------------------  ---- 
 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: 
-------------------------------------------------------------------------------------------- 
  Interest in 10p Ordinary Shares of Market Tech: 
    Name                              Number of    % 
                                    Market Tech 
                                    shares held 
   -----------------------------  -------------  ----- 
    Robert Akkerman                      25,000   0.01 
   -----------------------------  -------------  ----- 
    Oren Merchav                         25,000   0.01 
   -----------------------------  -------------  ----- 
    Directors of group entities 
     owned by Teddy Sagi or 
     trusts of which Teddy 
     Sagi is a beneficiary            1,566,071   0.33 
   -----------------------------  -------------  ----- 
    Business associates of 
     Teddy Sagi                      13,121,133   2.79 
   -----------------------------  -------------  ----- 
    Total concert parties            14,737,204   3.13 
   -----------------------------  -------------  ----- 
-------------------------------------------------------------------------------------------- 
 

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:    8(th) May 2017 
---------------------  ---------------- 
 Contact name:          Robert Akkerman 
---------------------  ---------------- 
 Telephone number:      +357 22 678 944 
---------------------  ---------------- 
 

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

END

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