Rurelec : Form 8.5 (EPT/NON-RI) 07.11.2017

RNS Number : 7724V

1. Ireland Limited 07 November 2017

   FORM 8.5 (EPT/NON-RI)

   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

   EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

   Rule 8.5 of the Takeover Code (the "Code")

2. KEY INFORMATION

   (a) Name of exempt principal trader:	WH Ireland Limited
   (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Rurelec PLC
   (c) Name of the party to the offer with which exempt principal trader is connected:	Rurelec PLC
   (d) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	06/11/2017
   (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	NO

3. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

   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(b), copy table 2(a) or

   (b) (as appropriate) for each additional class of relevant security.

4. 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:	Rurelec PLC Ordinary 2p
   Interests		Short positions
   Number	%	Number	%
   (1) Relevant securities owned and/or controlled:	68,182	0.012
   (2) Cash-settled derivatives:
   (3) Stock-settled derivatives (including options) and agreements to purchase/sell:
   TOTAL:	68,182	0.012

   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).

5. Rights to subscribe for new securities (including directors' and other employee options)

6. Class of relevant security in relation to which subscription right exists:

   Details, including nature of the rights concerned and relevant percentages:

7. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

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

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

8. Purchases and sales

   Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
   Ordinary 2p	Purchases	200,000	2.25p	1.9p
   Ordinary 2p	Sales	131,818	2.5p	2.2p

9. Cash-settled derivative transactions

   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

10. Stock-settled derivative transactions (including options)

11. 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

12. Exercise

13. Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

14. Other dealings (including subscribing for new securities)

15. Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

16. OTHER INFORMATION

18. 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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

    N/A

19. Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

20. the voting rights of any relevant securities under any option; or

21. the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

22. If there are no such agreements, arrangements or understandings, state "none"

    N/A

23. Attachments

24. Is a Supplemental Form 8 (Open Positions) attached? NO

    Date of disclosure:	07/11/2017
    Contact name:	Michael Wilkinson
    Telephone number:	0161 819 8882

    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 [phone].

    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 FEOUBAKRBNAARRA