Constellation Software Inc.
LSE : TTM

November 03, 2015 11:52 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   Bond International Software Plc       
    whose relevant securities this form                                            
    relates:                                                                       
    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:   November 3, 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)       No.                                   
    above, is 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   
                                               -------------------------------------------
                                                 Number        %       Number        %    
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 (1)  Relevant securities owned and/or                                                    
      controlled:                                                                         
                                                                                          
      Ordinary shares                           8,715,583   23.03%                        
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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:                                    8,715,583  23.03%(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   
                                               -------------------------------------------
                                                 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 security   Purchase/sale   Number of securities   Price per unit
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Ordinary shares              Sale            10,000                 100 p         
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(b) Cash-settled derivative transactions

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  Class of relevant   Product description   Nature of dealing   Number of reference    Price per unit   
      security             e.g. CFD       e.g. opening/closing      securities                          
                                              a long/short                                              
                                                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 date Option money
  relevant    description  purchasing,  securities    price per      e.g.                      paid/   
  security     e.g. call    selling,     to which       unit       American,               received per
                option    varying etc.    option                   European                    unit    
                                          relates                    etc.                              
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(ii) Exercise

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  Class of relevant   Product description      Exercising/     Number of securities  Exercise price per 
      security         e.g. call option     exercised against                               unit        
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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                          NO                  
Positions) attached?                                                        
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Date of disclosure:                   November 3, 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.