Constellation Software Inc.
LSE : TTM

October 13, 2015 10:58 ET

Form 8.3 - Bond International Software Plc

                                                                                    FORM 8.3

               PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY 
        A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
                    Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION


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(a) Full name of discloser:                       Constellation Software    
                                                  Inc. and Mark Leonard     
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(b) Owner or controller of interests and short                              
positions disclosed, if different from 1(a):                                
The naming of nominee or vehicle companies is                               
insufficient. For a trust, the trustee(s),                                  
settlor and beneficiaries must be named.                                    
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(c) Name of offeror/offeree in relation to whose  Bond International        
relevant securities this form relates:            Software Plc              
Use a separate form for each offeror/offeree                                
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(d) If an exempt fund manager connected with an                             
offeror/offeree, state this and specify identity                            
of offeror/offeree:                                                         
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(e) Date position held/dealing undertaken:        October 12, 2015          
For an opening position disclosure, state the                               
latest practicable date prior to the disclosure                             
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(f) In addition to the company in 1(c) above, is  No.                       
the 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"                                                                 
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2. POSITIONS OF THE PERSON 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 
following the dealing (if any)


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Class of relevant security:                   GBP 0.01 Ordinary Shares      
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                                               Interests           Short    
                                                                 positions  
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                                           Number       %      Number    %  
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(1) Relevant securities owned and/or                                        
controlled:                                                  
                                                                            
Ordinary shares                          8,775,583    23.19%                
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(2) Cash-settled derivatives:                                               
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(3) Stock-settled derivatives (including                                    
options) and agreements to                                                  
purchase/sell:                                                              
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TOTAL:                                   8,775,583  23.19%(i)               
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     (i)2.55% of this holding belongs to Company Chairman, Mark Leonard.    
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Class of relevant security:                     GBP 0.01 Non-Voting Shares  
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                                                 Interests         Short    
                                                                 positions  
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                                                Number     %   Number    %  
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(1) Relevant securities owned and/or                                        
controlled:                                    
                                                                            
Non-voting convertible shares                 4,720,558  100%               
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(2) Cash-settled derivatives:                                               
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(3) Stock-settled derivatives (including                                    
options) and agreements to purchase/sell:                                   
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TOTAL:                                        4,720,558  100%               
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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).

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


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Class of relevant security in relation                                      
to which subscription right exists:                                         
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Details, including nature of the                                            
rights concerned and relevant                                               
percentages:                                                                
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 
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.

(a) Purchases and sales


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     Class of relevant     Purchase/sale      Number of       Price per unit
         security                             securities                    
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Ordinary shares           Sale          25,000               100 p          
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(b) Cash-settled derivative transactions


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   Class of      Product      Nature of dealing    Number of     Price per  
   relevant    description  e.g. opening/closing   reference        unit    
   security      e.g. CFD       a long/short       securities               
                                  position,                                 
                             increasing/reducing                            
                                a long/short                                
                                  position                                  
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(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying


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 Class of    Product    Writing,    Number of  Exercise    Type    Expiry   Option  
 relevant  description purchasing, securities  price per   e.g.     date     money  
 security   e.g. call   selling,    to which     unit    American,           paid/  
             option   varying etc.   option              European          received 
                                     relates               etc.            per unit 
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(ii) Exercise


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    Class of        Product      Exercising/     Number of    Exercise price
    relevant      description     exercised      securities      per unit   
    security   e.g. call option    against                                  
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(d) Other dealings (including subscribing for new securities)


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

(a) Indemnity and other dealing arrangements


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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 person 
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"  
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On 20 October 2010, Constellation Software Inc, (CSI) entered into a        
standstill agreement with Bond International Software Plc (Bond) pursuant to
which CSI undertook to Bond that until 20 October 2015 it will not, and it  
will procure that members of its group, its concert parties and Mark Leonard
will not, without the prior written consent of Bond acquire any interest in 
the Ordinary Shares of Bond if, as a result, it or such other parties,      
either alone or in aggregate, would have an interest in 24 per cent. or more
of the voting rights of Bond. Nothing in the standstill agreement restricts 
CSI, any member of its group, its concert parties or Mark Leonard from      
accepting a general offer for the whole of the issued equity share capital  
of Bond made in accordance with the Code.                                   
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(b) Agreements, arrangements or understandings relating to options or derivatives


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Details of any agreement, arrangement or understanding, formal or informal, 
between the person making the disclosure 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"                                                                      
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None                                                                        
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(c) Attachments


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Is a Supplemental Form 8 (Open Positions) attached?                    NO   
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Date of disclosure:                   October 13, 2015                      
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Contact name:                         Jamal Baksh                           
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Telephone number:                     +1-416-861-9677                       
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Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed 
to the Takeover Panel at monitoring@disclosure.org.uk. 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.

Contact Information

  • Constellation Software Inc.