Disclosure Table
The Takeover Panel has updated its Disclosure Table, noting no additions or deletions. Significant changes include the deletion of First Class Metals plc from the table, with details of its convertible loan notes now removed. The table also lists ongoing offer periods for various companies, including 1Spatial plc with an offeror identified as VertiGIS Ltd, Beazley plc with Zurich Insurance Group Ltd as the offeror, and CAB Payments Holdings plc with a consortium including Helios Investors V, L.P. as the offeror. Other companies with active offer periods and identified offerors include CyanConnode Holdings plc, Deltic Energy plc, essensys plc, Frenkel Topping Group plc, Idox plc, Inspecs Group plc, International Personal Finance plc, JTC plc, Just Group plc, Kitwave Group plc, Life Science REIT plc, Oxford Biomedica plc, Picton Property Income Limited, Schroders plc, SolGold plc, Spire Healthcare Group plc, Walker Crips Group plc, WH Ireland Group plc, and Wood Group (John) plc.
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The following are today's changes to the Disclosure Table:
ADDITIONS
None
DELETIONS
OFFEREE: First Class Metals plc
Offer period commenced: 07:32 19-Dec-2025
| 0.1p ordinary | ISIN: GB00BPJGTF16 | NSI: 254,573,380 |
| Convertible Loan Note 2025 | GBP: 242,500 | |
| Convertible Loan Note 2026 | GBP: 350,000 |
OFFEROR: No named offeror
OTHER AMENDMENTS
None
DISCLOSURE TABLE
OFFEREE: 1Spatial plc
Offer period commenced: 07:00 12-Dec-2025
| 10p ordinary | ISIN: GB00BFZ45C84 | NSI: 111,860,753 |
OFFEROR: VertiGIS Ltd (a portfolio company of Battery Ventures)
Offeror identified: 07:00 12-Dec-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Aferian plc
Offer period commenced: 10:04 29-Sep-2025
| 1p ordinary | ISIN: GB00B013SN63 | NSI: 111,212,107 |
| OFFEROR: No named offeror | ||
| OFFEREE: Audioboom Group plc | ||
| Offer period commenced: 17:09 03-Oct-2025 | ||
| Ordinary NPV | ISIN: JE00BJYJFG60 | NSI: 17,984,655 |
| OFFEROR: No named offeror | ||
| OFFEREE: Beazley plc | ||
| Offer period commenced: 12:55 19-Jan-2026 | ||
| 5p ordinary | ISIN: GB00BYQ0JC66 | NSI: 599,509,906 |
OFFEROR: Zurich Insurance Group Ltd
Offeror identified: 12:55 19-Jan-2026
Rule 2.6 deadline: 17:00 04-Mar-2026
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Bluefield Solar Income Fund Limited
Offer period commenced: 07:00 05-Nov-2025
| 0.01p ordinary | ISIN: GG00BB0RDB98 | NSI: 592,080,033 |
| OFFEROR: No named offeror | ||
| OFFEREE: CAB Payments Holdings plc | ||
| Offer period commenced: 07:00 02-Feb-2026 | ||
| 0.033 1/3p ordinary | ISIN: GB00BMCYKB41 | NSI: 254,143,218 |
Offeror identified: 07:00 02-Feb-2026
Rule 2.6 deadline: 17:00 02-Mar-2026
Disclosure of dealings and positions in this offeror is not required
OFFEREE: CyanConnode Holdings plc
Offer period commenced: 13:30 03-Feb-2026
| 2p ordinary | ISIN: GB00BF93WP34 | NSI: 359,035,103 |
OFFEROR: Esyasoft Holding Ltd
Offeror identified: 13:30 03-Feb-2026
Rule 2.6 deadline: 17:00 03-Mar-2026
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Deltic Energy plc
Offer period commenced: 12:07 30-Jun-2025
| 10p ordinary | ISIN: GB00BNTY2N01 | NSI: 93,096,600 |
OFFEROR: Rockrose Energy Limited (a wholly-owned subsidiary of Viaro Energy Limited)
Offeror identified: 12:07 30-Jun-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: essensys plc
Offer period commenced: 07:00 28-Nov-2025
| 0.25p ordinary | ISIN: GB00BJL1ZF49 | NSI: 64,811,336 |
OFFEROR: Mr Mark Furness
Offeror identified: 07:00 28-Nov-2025
Rule 2.6 deadline: 17:00 20-Feb-2026
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Frenkel Topping Group plc
Offer period commenced: 11:00 02-Jun-2025
| 0.5p ordinary | ISIN: GB00B01YXQ71 | NSI: 128,013,064 |
Offeror identified: 11:00 02-Jun-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Idox plc
Offer period commenced: 07:00 28-Oct-2025
| 1p ordinary | ISIN: GB0002998192 | NSI: 461,682,046 |
Offeror identified: 07:00 28-Oct-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Inspecs Group plc
Offer period commenced: 16:32 23-Oct-2025
| 1p ordinary | ISIN: GB00BK6JPP03 | NSI: 101,671,525 |
Offeror identified: 16:32 23-Oct-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: International Personal Finance plc
Offer period commenced: 07:01 30-Jul-2025
| 10p ordinary | ISIN: GB00B1YKG049 | NSI: 219,846,660 |
Offeror identified: 07:01 30-Jul-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: IQE plc
Offer period commenced: 07:00 08-Sep-2025
| 1p ordinary | ISIN: GB0009619924 | NSI: 978,697,331 |
| OFFEROR: No named offeror | ||
| OFFEREE: JTC plc | ||
| Offer period commenced: 11:39 29-Aug-2025 | ||
| 1p ordinary | ISIN: JE00BF4X3P53 | NSI: 172,386,504 |
Offeror identified: 11:39 29-Aug-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Just Group plc
Offer period commenced: 07:00 31-Jul-2025
| 10p ordinary | ISIN: GB00BCRX1J15 | NSI: 1,038,702,932 |
OFFEROR: BWS Holdings Ltd. (a wholly owned subsidiary of Brookfield Wealth Solutions Ltd.)
Offeror identified: 07:00 31-Jul-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Kitwave Group plc
Offer period commenced: 07:00 22-Jan-2026
| 1p ordinary | ISIN: GB00BNYKB709 | NSI: 83,736,538 |
Offeror identified: 07:00 22-Jan-2026
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Kore Potash plc
Offer period commenced: 07:30 04-Nov-2025
| USD 0.001 ordinary | ISIN: GB00BYP2QJ94 | NSI: 5,175,938,315 |
| CDI | ISIN: AU000000KP25 | |
| OFFEROR: No named offeror | ||
| OFFEREE: Life Science REIT plc | ||
| Offer period commenced: 07:00 28-Jan-2026 | ||
| 1p ordinary | ISIN: GB00BP5X4Q29 | NSI: 350,000,000 |
| OFFEROR: British Land Company plc, The | ||
| Offeror identified: 07:00 28-Jan-2026 | ||
| Rule 2.6 deadline: N/A | ||
| 25p ordinary | ISIN: GB0001367019 | NSI: 999,893,583 |
| ADR | ISIN: US1108281007 | |
| OFFEREE: Management Consulting Group plc (See Note 9 below) | ||
| Offer period commenced: 16:44 14-Nov-2025 | ||
| 1p ordinary | ISIN: GB0001979029 | NSI: 1,516,528,424 |
| 0.01p preference (A) | ISIN: GB00BMC7BY33 | NSI: 1,945,319,013 |
| 0.01p preference (B) | ISIN: GB00BN2S8316 | NSI: 3,461,847,437 |
| 0.01p preference (C) | ISIN: GB00BP6WH811 | NSI: 12,499,900,477 |
| OFFEROR: No named offeror | ||
| OFFEREE: Mind Gym plc | ||
| Offer period commenced: 18:17 27-Jan-2026 | ||
| 0.001p ordinary | ISIN: GB00BF3SQB83 | NSI: 100,338,882 |
| OFFEROR: No named offeror | ||
| OFFEREE: NCC Group plc | ||
| Offer period commenced: 18:24 16-Jul-2025 | ||
| 1p ordinary | ISIN: GB00B01QGK86 | NSI: 306,919,665 |
| OFFEROR: No named offeror | ||
| OFFEREE: Oxford Biomedica plc | ||
| Offer period commenced: 16:09 14-Jan-2026 | ||
| 50p ordinary | ISIN: GB00BDFBVT43 | NSI: 120,873,439 |
Offeror identified: 16:49 14-Jan-2026
Rule 2.6 deadline: 17:00 25-Feb-2026
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Picton Property Income Limited
Offer period commenced: 07:00 13-Jan-2026
| Ordinary NPV | ISIN: GB00B0LCW208 | NSI: 513,827,021 |
| OFFEROR: LondonMetric Property plc | ||
| Offeror identified: 10:05 11-Feb-2026 | ||
| Rule 2.6 deadline: N/A | ||
| 10p ordinary | ISIN: GB00B4WFW713 | NSI: 2,344,406,347 |
| OFFEREE: PPHE Hotel Group Limited | ||
| Offer period commenced: 07:00 14-Nov-2025 | ||
| Ordinary NPV | ISIN: GG00B1Z5FH87 | NSI: 41,856,324 |
| OFFEROR: No named offeror | ||
| OFFEREE: Schroders plc | ||
| Offer period commenced: 07:00 12-Feb-2026 | ||
| 20p ordinary | ISIN: GB00BP9LHF23 | NSI: 1,610,711,278 |
Offeror identified: 07:00 12-Feb-2026
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: SolGold plc
Offer period commenced: 14:23 28-Nov-2025
| 1p ordinary | ISIN: GB00B0WD0R35 | NSI: 3,013,831,741 |
OFFEROR: Jiangxi Copper (Hong Kong) Investment Company Limited
Offeror identified: 14:23 28-Nov-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Spire Healthcare Group plc
Offer period commenced: 19:36 18-Sep-2025
| 1p ordinary | ISIN: GB00BNLPYF73 | NSI: 402,759,599 |
OFFEROR: Bridgepoint Advisers Limited
Offeror identified: 15:18 24-Jan-2026
Rule 2.6 deadline: 17:00 21-Mar-2026
Disclosure of dealings and positions in this offeror is not required
OFFEROR: Triton Investment Advisers LLP
Offeror identified: 15:18 24-Jan-2026
Rule 2.6 deadline: 17:00 21-Mar-2026
Disclosure of dealings and positions in this offeror is not required
OFFEREE: Walker Crips Group plc
Offer period commenced: 07:00 24-Nov-2025
| 6 2/3p ordinary | ISIN: GB00B1YMRV88 | NSI: 42,577,328 |
OFFEROR: PhillipCapital UK LTD (an indirect wholly-owned subsidiary of Phillip Brokerage Pte Ltd)
Offeror identified: 07:00 24-Nov-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
OFFEREE: WH Ireland Group plc
Offer period commenced: 21:17 12-Nov-2025
| 1p ordinary | ISIN: GB0009241885 | NSI: 235,986,209 |
| OFFEROR: Team plc | ||
| Offeror identified: 21:17 12-Nov-2025 | ||
| Rule 2.6 deadline: N/A | ||
| Ordinary NPV | ISIN: JE00BM90BX45 | NSI: 62,340,022 |
| OFFEREE: Wood Group (John) plc | ||
| Offer period commenced: 14:31 24-Feb-2025 | ||
| 4 2/7 p ordinary | ISIN: GB00B5N0P849 | NSI: 691,839,369 |
Offeror identified: 14:31 24-Feb-2025
Rule 2.6 deadline: N/A
Disclosure of dealings and positions in this offeror is not required
Notes:
| 4. | The information set out in the Disclosure Table relating to the relevant securities in issue of an offeree company or of an offeror (and any amendments thereto) has been extracted from the relevant announcement made by such company under Rule 2.9 of the Code. Similarly, details of any deadline set under Rule 2.6 by which a potential offeror must announce either a firm intention to make a bid or that it does not intend to make an offer (or, in the case of Rule 2.6(a), by which the Panel must consent to an extension of the deadline) has been extracted from the relevant announcement made by the offeree company. | |
| 7. | Opening Position Disclosures by the parties to an offer and by connected EPTs must be made by no later than 12 noon on the 10th business day after the commencement of the offer period or the announcement that first identifies an offeror (as the case may be). Where required, Opening Position Disclosures by persons with interests in relevant securities of 1% or more must be made by no later than 3.30 pm on the 10th business day after the commencement of the offer period or the announcement that first identifies an offeror (as the case may be). Details of the time and date at which an offer period commenced and at which an offeror was first identified are set out in the Disclosure Table. In order to calculate the deadline for Opening Position Disclosures, it is therefore necessary to count forward 10 business days from the relevant date. | |
| 10. | The following are approved Regulatory Information Services: | |
| . | Business Wire Regulatory Disclosure provided by Business Wire | +44 (0)20 7626 1982 |
| . | EQS IR COCKPIT provided by EquityStory AG | +49 89 21 02 98-50 |
| . | GlobeNewswire provided by West Digital Media Solutions | +44 (0)20 3753 2071 |
| . | MFN provided by Modular Finance | +44 (0)20 3026 4414 |
| . | PR Newswire Disclose provided by PR Newswire | +44 (0)20 7454 5210 |
| . | RNS provided by the London Stock Exchange | +44 (0)20 7797 4400 |
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