Edmond de Rothschild Asset Management
LSE : TTP

February 01, 2016 04:25 ET

Form 8.3 - Groupe Fnac SA

                                                                                                               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:                                         For the account of the funds    
                                                                    managed by Edmond de Rothschild 
                                                                    Asset Management (France)       
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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 relevant           Groupe Fnac SA (FR0011476928/   
securities this form relates:                                       Ticker FNAC FP)                 
     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:                          29 January, 2016                
     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 the discloser     NO                              
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:                                        Ordinary shares                  
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                                                         Interests              Short positions     
                                                ----------------------------------------------------
                                                    Number          %         Number          %     
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  (1) Relevant securities owned and/or              275 308       1.65                              
controlled:                                                                                         
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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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                                                    275 308       1.65                              
       TOTAL:                                                                                       
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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 securities        Price per unit     
         security                                                                                   
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     Ordinary shares              Purchase                   1 295                    52.93         
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(b) Cash-settled derivative transactions


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


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   Class of relevant        Product         Exercising/ exercised         Number of       Exercise  
       security           description              against               securities       price per 
                       e.g. call option                                                     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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None                                                                                                
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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:                            01/02/2016                                           
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Contact name:                                  Lydia Ballester                                      
                                               + 33 1 40 17 21 16                                   
                                               Email : l.ballester@edr.com                          
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Telephone number:                               33 1 40 17 21 16                                    
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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

  • Edmond de Rothschild Asset Management