Opening Position Disclosure (Rule 8.1/8.2)

In brief · summary, not quotable

Afentra PLC, as the offeree in a takeover situation, has disclosed its public opening position as of March 26, 2026, reporting no direct interests or short positions in its own ordinary shares. However, the disclosure details significant holdings and potential future share acquisitions by its directors. Paul McDade holds 5,497,811 ordinary shares representing 2.43% of the issued share capital, and along with other directors, holds various options and awards under different incentive plans, including the Founders Share Plan, Long Term Incentive Plan, and Non-Executive Director Option Plan, with exercise prices ranging from nil to £0.574 and vesting dates extending to March 2028.

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Rules 8.1 and 8.2 of the Takeover Code (the "Code")

KEY INFORMATION

(a) Full name of discloser:	Afentra PLC
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Afentra PLC
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held: The latest practicable date prior to the disclosure	26 March 2026

POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

			Class of relevant security:	Ordinary Shares of £0.10 each par value
			Interests	Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	0	Nil	0
(2) Cash-settled derivatives:	Nil	0	Nil	0
TOTAL:	Nil	0	Nil	0

All interests and all short positions should be disclosed.

Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	Nil
Details, including nature of the rights concerned and relevant percentages:	N/A

POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Holdings of directors of Afentra PLC: Name Number of Ordinary Shares held Percentage of total issued share capital (to two decimal places) Beneficial Owner/ Controller Paul McDade 5,497,811 2.43 Paul McDade Ian Cloke 3,923,749 1.74 Ian Cloke Gavin Wilson 3,351,666 1.48 Gavin Wilson Anastasia Deulina 2,644,636 1.17 Anastasia Deulina Andrew Osborne 225,000 0.10 Andrew Osborne Total: 15,642,862 6.92 b) Options and awards held by directors of Afentra PLC: Name Number of options for Afentra shares awarded Date of grant Date of vesting Date of expiry Exercise price Non-Executive Director Option Plan Thierry Tanoh 1,500,000 12.7.24 12.7.27 11.7.34 0.574 Gavin Wilson 1,500,000 12.7.24 12.7.27 11.7.34 0.574 Name Number of options for Afentra shares awarded Date of grant Date of vesting Date of expiry Exercise price Long Term Incentive Plan Paul McDade 1,453,287 12.7.24 12.7.27 11.7.34 Nil Ian Cloke 887,543 12.7.24 12.7.27 11.7.34 Nil Anastasia Deulina 887,543 12.7.24 12.7.27 N/A Nil - free shares on vesting Paul McDade 2,075,256 16.3.25 16.3.28 15.3.35 Nil Ian Cloke 1,140,652 16.3.25 16.3.28 15.3.35 Nil Anastasia Deulina 1,140,652 16.3.25 16.3.28 N/A Nil - free shares on vesting Name Number of options for Afentra shares awarded Date of grant Date of vesting Date of expiry Exercise price Founders Share Plan Paul McDade 4,839,022 7.12.23 16.3.26 6.12.33 Nil Ian Cloke 3,614,692 7.12.23 16.3.26 6.12.33 Nil Anastasia Deulina 3,206,582 7.12.23 16.3.26 N/A Nil - free shares on vesting
OTHER INFORMATION
Indemnity and other dealing arrangements

None.

Agreements, arrangements or understandings relating to options or derivatives

None.

Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO
Date of disclosure:	26 March 2026

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.