Form 8 (OPD) - System1 Group plc
Brave Bison Group plc has disclosed its opening position as an offeror in relation to System1 Group plc, holding 3,534,010 ordinary shares, representing 27.85% of the issued share capital, with no short positions or rights to subscribe for new securities. The disclosure, made on 23 July 2026, also confirms that Brave Bison Group plc is making disclosures in respect of itself as an offeree. There are no reported interests, short positions, or subscription rights for persons acting in concert with Brave Bison Group plc, nor are there any indemnity or dealing arrangements.
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Rules 8.1 and 8.2 of the Takeover Code (the "Code")
KEY INFORMATION
| (a) Full name of discloser: | Brave Bison Group plc |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | System1 Group plc |
| (d) Is the discloser the offeror or the offeree? | OFFEROR |
| (e) Date position held: The latest practicable date prior to the disclosure | 23 July 2026 |
| (f) In addition to the company in 1(c) 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" | YES Brave Bison Group plc |
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Class of relevant security: | Ordinary shares of 1 pence each | |||
|---|---|---|---|---|
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | 3,534,010 | 27.85 | Nil | Nil |
| (2) Cash-settled derivatives: | Nil | Nil | Nil | Nil |
| TOTAL: | 3,534,010 | 27.85 | Nil | Nil |
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: | None |
| 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
N/A
- 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: | 23 July 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.