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Form 8 (DD) - Novae Group plc

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the “Code”)

1.         KEY INFORMATION

                                               
  (a) Full name of discloser:    Reeken Patel  
  (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.   
  N/A  
  (c) Name of offeror/offeree in relation to whose relevant   securities this form relates:
     Use a separate form for each offeror/offeree   
  Novae Group plc  
  (d) Status of person making the disclosure:
     e.g. offeror, offeree, person acting in concert with   the offeror/offeree (specify name of offeror/offeree)   
  Person acting in   concert with the offeree (Novae Group plc) 
  (e) Date dealing undertaken:    03 August 2017  
  (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 / NO /  N/A
If YES, specify   which:   

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

                                                                                     
  Class of relevant   security:

    
    
   

    
  Interests    Short   positions 
  Number    %A     Number    % 
  (1) Relevant securities owned and/or controlled:    2,334     0.004     Nil     Nil  
  (2) Cash-settled derivatives:

    
  Nil     Nil     Nil     Nil  
  (3) Stock-settled derivatives (including options) and   agreements to purchase/sell:    Nil     Nil     Nil     Nil  
   

       TOTAL: 
  2,334     0.004     Nil     Nil  

A. Percentage calculations are based on Novae Group plc’s total number of ordinary shares in issue being    64,425,640.

  1. Interests held as options under Novae Group plc share plans following the dealing:
                                                                                                                             
  Class of Relevant   Security:    Ordinary   Shares
  (under option)
 
  Share Plan    Vesting   Date    Exercise   Price (per share) 
  Ordinary Shares   (under option)    17,059     Deferred Bonus Plan     15/03/2018[A]    Nil  
  Ordinary Shares   (under option)    17,058     Deferred Bonus Plan     15/03/2019[A]    Nil  
  Ordinary Shares   (under option)    14,408     Deferred Bonus Plan     15/03/2018[A]    Nil  
  Ordinary Shares   (under option)    14,408     Deferred Bonus Plan     15/03/2019[A]    Nil  
  Ordinary Shares   (under option)    14,407     Deferred Bonus Plan     15/03/2020 [A]    Nil  
  Ordinary Shares   (under option)    80,299     2007 Long Term   Incentive Plan     09/04/2018    Nil  
  Ordinary Shares   (under option)    68,744     2007 Long Term   Incentive Plan     15/03/2019    Nil  
  Ordinary Shares   (under option)    103,806     2017 Long Term   Incentive Plan     15/03/2022

    
  Nil  

[A] The vesting of the award is conditional on continued employment and subject to other rules of the plan.
The vesting of the award is subject to continued employment and performance conditions.

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(c)        Rights to subscribe for new securities (including directors’ and other employee options)

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

3.         DEALINGS 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

(i)         Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)

                       
  Class of   relevant security    Purchase/sale

    
  Number of   securities    Price per   unit 
  Ordinary shares     Purchase (under the Share   Incentive Plan)

    
  21     £7.025  

(ii)        Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser

                           
  Class of   relevant security    Purchases/  sales

    
  Total   number of securities    Highest   price per unit paid/received    Lowest   price per unit paid/received 
        

    
              

(b)        Cash-settled derivative transactions

                           
  Class of   relevant security    Product   description
e.g. CFD   
  Nature of   dealing
e.g.  opening/closing a long/short position, increasing/reducing a long/short position   
  Number of   reference securities    Price per   unit 
        

    
              

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

                                       
  Class of   relevant security    Product   description e.g. call option    Writing,  purchasing, selling, varying etc.    Number of   securities to which option relates    Exercise   price per unit    Type
e.g.  American, European etc.   
  Expiry   date    Option   money paid/ received per unit 
                                       

(ii)        Exercise

                           
  Class   of relevant security    Product   description
e.g.  call option   
  Exercising/  exercised against    Number   of securities    Exercise   price per unit 
                       

    

(d)        Other dealings (including subscribing for new securities)

                       
  Class   of relevant security    Nature   of dealing
e.g.  subscription, conversion   
  Details    Price   per unit (if applicable) 
  Ordinary Shares     Shares allotted under   the Share Plan     Allotment of 42   matching ordinary shares  under the Share Incentive Plan     £7.025  

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

           
  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 party to the offer or person   acting in concert making the disclosure and any other person:
Irrevocable   commitments and letters of intent should not be included.  If there are no   such agreements, arrangements or understandings, state “none”   
  None

    

(b)        Agreements, arrangements or understandings relating to options or derivatives

           
  Details of any   agreement, arrangement or understanding, formal or informal, between the   party to the offer or person acting in concert 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”       
  None

   

    

(c)        Attachments

Are any Supplemental Forms attached?

               
  Supplemental Form 8   (Open Positions)    YES/NO  
  Supplemental Form 8   (SBL)    YES/NO  
 
                       
Date of disclosure:
 
  04 August 2017  
Contact name:
 
  Alexandra Moon  
Telephone number:
 
  +44 (0) 20 7050 9000  

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

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

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