Disclosure Table

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RNS Number : 0261W Takeover Panel 10 March 2026  



THE TAKEOVER PANEL - DISCLOSURE TABLE

 

10 March 2026

 

The following are today's changes to the Disclosure Table:

 

ADDITIONS

 

None

 

DELETIONS

 

OFFEREE: Wood Group (John) plc

Offer period commenced: 14:31 24-Feb-2025

4 2/7 p ordinary

ISIN: GB00B5N0P849

NSI: 691,839,369

OFFEROR: Sidara Limited (an entity controlled by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd)

Offeror identified: 14:31 24-Feb-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OTHER AMENDMENTS

 

OFFEREE: IQE plc

Offer period commenced: 07:00 08-Sep-2025

1p ordinary

ISIN: GB0009619924

NSI: 978,943,005

OFFEROR: No named offeror

 

DISCLOSURE TABLE

 

OFFEREE: 1Spatial plc

Offer period commenced: 07:00 12-Dec-2025

10p ordinary

ISIN: GB00BFZ45C84

NSI: 111,860,117

OFFEROR: VertiGIS Ltd (a portfolio company of Battery Ventures)

Offeror identified: 07:00 12-Dec-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Amedeo Air Four Plus Limited

Offer period commenced: 07:00 06-Mar-2026

Ordinary NPV

ISIN: GG00BQKNKR70

NSI: 260,485,247

OFFEROR: LAC 10 LLC (a newly incorporated wholly-owned subsidiary of Lesha Bank LLC (Public))

Offeror identified: 07:00 06-Mar-2026

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Audioboom Group plc

Offer period commenced: 17:09 03-Oct-2025

Ordinary NPV

ISIN: JE00BJYJFG60

NSI: 17,984,655

OFFEROR: No named offeror

 

OFFEREE: Augmentum Fintech plc

Offer period commenced: 07:00 25-Feb-2026

1p ordinary

ISIN: GB00BG12XV81

NSI: 167,280,902

OFFEROR: Frontier Bidco Limited (a newly formed company indirectly and wholly controlled by Verdane Fund Manager AB in its capacity as manager of Verdane Freya XII Investments AB)

Offeror identified: 07:00 25-Feb-2026

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Beazley plc

Offer period commenced: 12:55 19-Jan-2026

5p ordinary

ISIN: GB00BYQ0JC66

NSI: 599,509,906

OFFEROR: Zurich Insurance Group Ltd

Offeror identified: 12:55 19-Jan-2026

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Bluefield Solar Income Fund Limited

Offer period commenced: 07:00 05-Nov-2025

0.01p ordinary

ISIN: GG00BB0RDB98

NSI: 592,080,033

OFFEROR: No named offeror

 

OFFEREE: CAB Payments Holdings plc

Offer period commenced: 07:00 02-Feb-2026

0.033 1/3p ordinary

ISIN: GB00BMCYKB41

NSI: 254,143,218

OFFEROR: Mara BidCo Ltd. (a newly formed company indirectly owned or controlled by Helios Investors V, L.P. and Helios Investors V (Mauritius) L.P. and Helios Fairfax Partners Corporation)

Offeror identified: 07:00 02-Feb-2026

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: CyanConnode Holdings plc

Offer period commenced: 13:30 03-Feb-2026

2p ordinary

ISIN: GB00BF93WP34

NSI: 359,035,103

OFFEROR: Esyasoft Holding Ltd

Offeror identified: 13:30 03-Feb-2026

Rule 2.6 deadline: 17:00 31-Mar-2026

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Deltic Energy plc

Offer period commenced: 12:07 30-Jun-2025

10p ordinary

ISIN: GB00BNTY2N01

NSI: 93,096,600

OFFEROR: Rockrose Energy Limited (a wholly-owned subsidiary of Viaro Energy Limited)

Offeror identified: 12:07 30-Jun-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: essensys plc

Offer period commenced: 07:00 28-Nov-2025

0.25p ordinary

ISIN: GB00BJL1ZF49

NSI: 64,811,336

OFFEROR: essensys Bidco Limited (a newly incorporated company)

Offeror identified: 07:00 28-Nov-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Frenkel Topping Group plc

Offer period commenced: 11:00 02-Jun-2025

0.5p ordinary

ISIN: GB00B01YXQ71

NSI: 128,013,064

OFFEROR: 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-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Idox plc

Offer period commenced: 07:00 28-Oct-2025

1p ordinary

ISIN: GB0002998192

NSI: 461,682,046

OFFEROR: 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-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Inspecs Group plc

Offer period commenced: 16:32 23-Oct-2025

1p ordinary

ISIN: GB00BK6JPP03

NSI: 101,671,525

OFFEROR: Bidco 1125 Limited (a newly formed company indirectly owned by Luke Johnson and Ian Livingstone)

Offeror identified: 16:32 23-Oct-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: International Personal Finance plc

Offer period commenced: 07:01 30-Jul-2025

10p ordinary

ISIN: GB00B1YKG049

NSI: 219,846,660

OFFEROR: IPF Parent Holdings Limited (a newly formed company in the same group as BasePoint Capital LLC)

Offeror identified: 07:01 30-Jul-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: IQE plc

Offer period commenced: 07:00 08-Sep-2025

1p ordinary

ISIN: GB0009619924

NSI: 978,943,005

OFFEROR: No named offeror

 

OFFEREE: JTC plc

Offer period commenced: 11:39 29-Aug-2025

1p ordinary

ISIN: JE00BF4X3P53

NSI: 172,386,504

OFFEROR: Papilio Bidco Limited (a newly incorporated company indirectly wholly-owned by funds advised by Permira Advisers LLP)

Offeror identified: 11:39 29-Aug-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Just Group plc

Offer period commenced: 07:00 31-Jul-2025

10p ordinary

ISIN: GB00BCRX1J15

NSI: 1,038,702,932

OFFEROR: BWS Holdings Ltd. (a wholly owned subsidiary of Brookfield Wealth Solutions Ltd.)

Offeror identified: 07:00 31-Jul-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Kitwave Group plc

Offer period commenced: 07:00 22-Jan-2026

1p ordinary

ISIN: GB00BNYKB709

NSI: 83,736,538

OFFEROR: 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-2026

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Kore Potash plc

Offer period commenced: 07:30 04-Nov-2025

USD 0.001 ordinary

ISIN: GB00BYP2QJ94

NSI: 5,175,938,315

CDI

ISIN: AU000000KP25

 

OFFEROR: No named offeror

 

OFFEREE: Life Science REIT plc

Offer period commenced: 07:00 28-Jan-2026

1p ordinary

ISIN: GB00BP5X4Q29

NSI: 350,000,000

OFFEROR: British Land Company plc, The

Offeror identified: 07:00 28-Jan-2026

Rule 2.6 deadline: N/A

25p ordinary

ISIN: GB0001367019

NSI: 999,895,368

ADR

ISIN: US1108281007

 

 

OFFEREE: Mind Gym plc

Offer period commenced: 18:17 27-Jan-2026

0.001p ordinary

ISIN: GB00BF3SQB83

NSI: 100,338,882

OFFEROR: No named offeror

 

OFFEREE: NCC Group plc

Offer period commenced: 18:24 16-Jul-2025

1p ordinary

ISIN: GB00B01QGK86

NSI: 302,811,787

OFFEROR: No named offeror

 

OFFEREE: Picton Property Income Limited

Offer period commenced: 07:00 13-Jan-2026

Ordinary NPV

ISIN: GB00B0LCW208

NSI: 513,827,021

OFFEROR: LondonMetric Property plc

Offeror identified: 10:05 11-Feb-2026

Rule 2.6 deadline: N/A

10p ordinary

ISIN: GB00B4WFW713

NSI: 2,344,406,347

 

OFFEREE: PPHE Hotel Group Limited

Offer period commenced: 07:00 14-Nov-2025

Ordinary NPV

ISIN: GG00B1Z5FH87

NSI: 41,856,324

OFFEROR: No named offeror

 

OFFEREE: Schroders plc

Offer period commenced: 07:00 12-Feb-2026

20p ordinary

ISIN: GB00BP9LHF23

NSI: 1,610,711,278

OFFEROR: Pantheon, LLC (a newly incorporated subsidiary of Nuveen, LLC, a Teachers Insurance and Annuity Association of America company)

Offeror identified: 07:00 12-Feb-2026

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Senior plc

Offer period commenced: 07:00 27-Feb-2026

10p ordinary

ISIN: GB0007958233

NSI: 419,418,082

OFFEROR: Advent International Limited

Offeror identified: 12:51 27-Feb-2026

Rule 2.6 deadline: 17:00 27-Mar-2026

Disclosure of dealings and positions in this offeror is not required

OFFEROR: A consortium comprising Tinicum Incorporated and Blackstone Private Investments Advisors L.L.C.

Offeror identified: 10:00 03-Mar-2026

Rule 2.6 deadline: 17:00 31-Mar-2026

Disclosure of dealings and positions in this offeror is not required

OFFEROR: Arcline Investment Management, L.P.

Offeror identified: 22:40 04-Mar-2026

Rule 2.6 deadline: 17:00 01-Apr-2026

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: Spire Healthcare Group plc

Offer period commenced: 19:36 18-Sep-2025

1p ordinary

ISIN: GB00BNLPYF73

NSI: 402,759,599

OFFEROR: Bridgepoint Advisers Limited

Offeror identified: 15:18 24-Jan-2026

Rule 2.6 deadline: 17:00 21-Mar-2026

Disclosure of dealings and positions in this offeror is not required

OFFEROR: Triton Investment Advisers LLP

Offeror identified: 15:18 24-Jan-2026

Rule 2.6 deadline: 17:00 21-Mar-2026

Disclosure of dealings and positions in this offeror is not required

 

OFFEREE: WH Ireland Group plc

Offer period commenced: 21:17 12-Nov-2025

1p ordinary

ISIN: GB0009241885

NSI: 235,986,209

OFFEROR: Team plc

Offeror identified: 21:17 12-Nov-2025

Rule 2.6 deadline: N/A

Ordinary NPV

ISIN: JE00BM90BX45

NSI: 62,340,022

 

Notes:

 

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 4400

 

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