Disclosure Table
The Takeover Panel has updated its Disclosure Table, noting the deletion of H2 Equity Partners Ltd. as a potential offeror for Inspecs Group plc. Several offer periods have commenced, including for Alphawave IP Group plc with Aqua Acquisition Sub LLC (a subsidiary of Qualcomm Incorporated) identified as the offeror, and for essensys plc with Mr Mark Furness identified as the offeror. Additionally, VertiGIS Ltd (a portfolio company of Battery Ventures) is the identified offeror for 1Spatial plc, and Sintana Energy Inc. is the offeror for Challenger Energy Group plc.
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The following are today's changes to the Disclosure Table:
ADDITIONS
None
DELETIONS
OFFEROR: H2 Equity Partners Ltd. (potential offeror for Inspecs Group plc)
Offeror identified: 16:32 23-Oct-2025
Rule 2.6 deadline: to be determined
Disclosure of dealings and positions in this offeror is not required
OTHER AMENDMENTS
OFFEREE: Alphawave IP Group plc
Offer period commenced: 13:56 01-Apr-2025
| 1p ordinary | ISIN: GB00BNDRMJ14 | NSI: 798,675,143 |
| Warrant | NSI: 20,571,995 | |
| Senior unsecured convertible bond | ISIN: XS2962835257 | USD: 150,000,000 |
OFFEROR: Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated)
Offeror identified: 13:56 01-Apr-2025
Rule 2.6 deadline: N/A
| USD 0.0001 common | ISIN: US7475251036 | NSI: 1,062,916,212 |
| OFFEREE: essensys plc | ||
| Offer period commenced: 07:00 28-Nov-2025 | ||
| 0.25p ordinary | ISIN: GB00BJL1ZF49 | NSI: 64,795,988 |
OFFEROR: Mr Mark Furness
Offeror identified: 07:00 28-Nov-2025
Rule 2.6 deadline: 17:00 26-Dec-2025
Disclosure of dealings and positions in this offeror is not required
DISCLOSURE TABLE
OFFEREE: 1Spatial plc
Offer period commenced: 07:00 12-Dec-2025
| 10p ordinary | ISIN: GB00BFZ45C84 | NSI: 111,820,753 |
OFFEROR: VertiGIS Ltd (a portfolio company of Battery Ventures)
Offeror identified: 07:00 12-Dec-2025
Rule 2.6 deadline: 17:00 09-Jan-2026
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: Alphawave IP Group plc | ||
| Offer period commenced: 13:56 01-Apr-2025 | ||
| 1p ordinary | ISIN: GB00BNDRMJ14 | NSI: 798,675,143 |
| Warrant | NSI: 20,571,995 | |
| Senior unsecured convertible bond | ISIN: XS2962835257 | USD: 150,000,000 |
OFFEROR: Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated)
Offeror identified: 13:56 01-Apr-2025
Rule 2.6 deadline: N/A
| USD 0.0001 common | ISIN: US7475251036 | NSI: 1,062,916,212 |
| OFFEREE: Audioboom Group plc | ||
| Offer period commenced: 17:09 03-Oct-2025 | ||
| Ordinary NPV | ISIN: JE00BJYJFG60 | NSI: 17,977,155 |
| OFFEROR: No named offeror | ||
| OFFEREE: Bakkavor Group plc | ||
| Offer period commenced: 13:58 14-Mar-2025 | ||
| 2p ordinary | ISIN: GB00BF8J3Z99 | NSI: 579,425,585 |
| OFFEROR: Greencore Group plc | ||
| Offeror identified: 13:58 14-Mar-2025 | ||
| Rule 2.6 deadline: N/A | ||
| 1p ordinary | ISIN: IE0003864109 | NSI: 442,981,992 |
| ADR | ISIN: US3941811016 | |
| 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: Challenger Energy Group plc | ||
| Offer period commenced: 07:00 09-Oct-2025 | ||
| 1p ordinary | ISIN: IM00BPLZ1D89 | NSI: 249,312,660 |
OFFEROR: Sintana Energy Inc.
Offeror identified: 07:00 09-Oct-2025
Rule 2.6 deadline: N/A
| Common | ISIN: CA82938H1073 | NSI: 381,112,211 |
| 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: Dowlais Group plc
Offer period commenced: 07:00 29-Jan-2025
| 1p ordinary | ISIN: GB00BMWRZ071 | NSI: 1,316,658,644 |
OFFEROR: American Axle & Manufacturing Holdings, Inc.
Offeror identified: 07:00 29-Jan-2025
Rule 2.6 deadline: N/A
| USD 0.01 common | ISIN: US0240611030 | NSI: 118,696,421 |
| OFFEREE: Empiric Student Property plc | ||
| Offer period commenced: 11:15 05-Jun-2025 | ||
| 1p ordinary | ISIN: GB00BLWDVR75 | NSI: 664,188,110 |
| OFFEROR: Unite Group plc, The | ||
| Offeror identified: 11:15 05-Jun-2025 | ||
| Rule 2.6 deadline: N/A | ||
| 25p ordinary | ISIN: GB0006928617 | NSI: 490,043,571 |
| OFFEREE: essensys plc | ||
| Offer period commenced: 07:00 28-Nov-2025 | ||
| 0.25p ordinary | ISIN: GB00BJL1ZF49 | NSI: 64,795,988 |
OFFEROR: Mr Mark Furness
Offeror identified: 07:00 28-Nov-2025
Rule 2.6 deadline: 17:00 26-Dec-2025
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: 219,115,063 |
OFFEROR: BasePoint Capital LLC
Offeror identified: 07:01 30-Jul-2025
Rule 2.6 deadline: 17:00 17-Dec-2025
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: 977,633,416 |
| OFFEROR: No named offeror | ||
| OFFEREE: JTC plc | ||
| Offer period commenced: 11:39 29-Aug-2025 | ||
| 1p ordinary | ISIN: JE00BF4X3P53 | NSI: 172,006,514 |
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: 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: 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: NCC Group plc | ||
| Offer period commenced: 18:24 16-Jul-2025 | ||
| 1p ordinary | ISIN: GB00B01QGK86 | NSI: 314,995,301 |
| OFFEROR: No named offeror | ||
| 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: Revel Collective plc, The | ||
| Offer period commenced: 07:00 24-Oct-2025 | ||
| 0.1p ordinary | ISIN: GB00BVDPPV41 | NSI: 1,501,925,226 |
| OFFEROR: No named offeror | ||
| OFFEREE: SolGold plc | ||
| Offer period commenced: 14:23 28-Nov-2025 | ||
| 1p ordinary | ISIN: GB00B0WD0R35 | NSI: 3,007,873,641 |
OFFEROR: Jiangxi Copper Company Limited
Offeror identified: 14:23 28-Nov-2025
Rule 2.6 deadline: 17:00 26-Dec-2025
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: No named offeror | ||
| OFFEREE: TT Electronics plc | ||
| Offer period commenced: 06:25 30-Oct-2025 | ||
| 25p ordinary | ISIN: GB0008711763 | NSI: 178,375,046 |
OFFEROR: Cicor Technologies Ltd.
Offeror identified: 06:25 30-Oct-2025
Rule 2.6 deadline: N/A
| CHF 10.00 registered | ISIN: CH0008702190 | NSI: 4,392,094 |
| Mandatory Convertible Note | ISIN: CH1155135838 | CHF: 379,000 |
| 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: 62,140,022 |
| 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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