Field Systems Designs discloses director shareholdings

Published 13/05/2025, 17:08
Field Systems Designs discloses director shareholdings

LONDON - Field Systems Designs Holdings PLC, a company currently involved in a takeover process, has disclosed the shareholdings of its directors in compliance with the Takeover Code. The disclosure, dated May 12, 2025, was made public today, revealing significant stakes held by two directors and an employee benefit trust.

According to the disclosure, Bruce Smith, a director of Field Systems Designs Holdings, owns 703,336 ordinary shares, representing a 12.35% interest in the company. Faith Lower, another director, holds 873,332 shares, accounting for a 15.34% stake. Additionally, the Field System Design Employee Benefit Trust possesses 297,500 shares, equating to a 5.22% interest.

The company has confirmed that there are no cash-settled or stock-settled derivatives, nor any agreements to purchase or sell relevant securities. Furthermore, no indemnity or option arrangements, nor any agreements, arrangements, or understandings relating to the voting rights of any relevant securities under any option or the future acquisition or disposal of any relevant securities to which any derivative is referenced, have been reported.

The Takeover Code mandates public disclosure of such positions during takeover bids to ensure transparency for all market participants. This information is critical for investors as it provides insight into the alignment of interests between company directors and shareholders, particularly during the sensitive period of a corporate takeover.

The disclosure also serves as an indicator of the directors’ confidence in the company’s value and prospects. The significant holdings by directors can be seen as a sign of their commitment to the company’s future.

Field Systems Designs Holdings has not disclosed any additional details regarding the potential takeover, and there have been no public announcements of any other parties to the offer.

Investors and market observers will likely follow the developments closely, as director shareholdings can impact the outcome of takeover negotiations and the future direction of the company.

This report is based on a press release statement and adheres to strict reporting standards to ensure factual, unbiased news dissemination.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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