musicMagpie plc has released a public opening position disclosure (OPD) form in accordance with the Takeover Code. The form provides key information about the company's positions and interests in relation to an offer.
In terms of the company's positions, musicMagpie plc discloses that it does not own or control any relevant securities of the offeror or offeree. There are no interests or short positions in the relevant securities, cash-settled derivatives, or stock-settled derivatives.
The form also includes information about the directors of musicMagpie plc and their holdings of ordinary shares. Mr. Steven Oliver holds 12,066,839 ordinary shares, representing 11.19% of the total issued share capital. Other directors, Mr. Martin Hellawell, Mr. Matthew Fowler, and Mr. Dave Wilson, hold smaller amounts of ordinary shares.
The directors of musicMagpie plc also have rights to subscribe for relevant musicMagpie plc securities. These rights include options under the company's Long Term Incentive Plan (LTIP) and Save As You Earn Scheme (SAYE). The options are subject to performance criteria and vesting periods.
Additionally, the form discloses the holdings of ordinary shares by members of the company's co-founders concert party (CP1), who are deemed to be acting in concert with each other. Mr. Steven Oliver, Mr. Walter Gleeson, Mr. Nicholas Wilson, and Mr. Ian Storey hold varying amounts of ordinary shares.
Similar to the directors, members of CP1 also have rights to subscribe for relevant musicMagpie plc securities under the LTIP and SAYE schemes.
Overall, the OPD form provides a comprehensive overview of musicMagpie plc's positions and interests in relation to an offer.