RNS Number : 7474D

Maven Investment Partners Ltd

21 February 2020

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Maven Investment Partners Limited
(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	Northgate plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	20/02/2020
(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"	Redde PLC

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 (if any)

Class of relevant security:	50p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0	0	0
(2) Cash-settled derivatives:	0	0	657,152	0.4932
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	0	0	657,152	0.4932

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).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS (IF ANY) 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

Class of relevant security Purchase/sale   Number of securities Price per unit

(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
50p ordinary	Swap	Decreasing long position	66,742	286.2675
50p ordinary	Swap	Decreasing long position	974	285.5
50p ordinary	Swap	Decreasing long position	830	285.75
50p ordinary	Swap	Decreasing long position	348	287
50p ordinary	Swap	Decreasing long position	222	287
50p ordinary	Swap	Decreasing long position	560	286
50p ordinary	Swap	Decreasing long position	710	286
50p ordinary	Swap	Decreasing long position	1,501	286
50p ordinary	Swap	Decreasing long position	343	286
50p ordinary	Swap	Decreasing long position	233	286
50p ordinary	Swap	Decreasing long position	410	286
50p ordinary	Swap	Decreasing long position	805	286
50p ordinary	Swap	Decreasing long position	69	286
50p ordinary	Swap	Decreasing long position	860	286
50p ordinary	Swap	Decreasing long position	754	285.5
50p ordinary	Swap	Decreasing long position	920	286
50p ordinary	Swap	Decreasing long position	1,138	285.75
50p ordinary	Swap	Decreasing long position	611	286
50p ordinary	Swap	Decreasing long position	204	286
50p ordinary	Swap	Decreasing long position	509	286
50p ordinary	Swap	Decreasing long position	1,807	285.5
50p ordinary	Swap	Decreasing long position	1,754	285.75
50p ordinary	Swap	Decreasing long position	716	286
50p ordinary	Swap	Decreasing long position	620	286
50p ordinary	Swap	Decreasing long position	701	286
50p ordinary	Swap	Decreasing long position	1,235	285.75
50p ordinary	Swap	Decreasing long position	59	287
50p ordinary	Swap	Decreasing long position	99	287
50p ordinary	Swap	Decreasing long position	949	286
50p ordinary	Swap	Decreasing long position	1,146	285.75
50p ordinary	Swap	Decreasing long position	1,375	285.5
50p ordinary	Swap	Decreasing long position	1,409	286
50p ordinary	Swap	Decreasing long position	1,131	286
50p ordinary	Swap	Decreasing long position	1,144	285.75
50p ordinary	Swap	Decreasing long position	719	286
50p ordinary	Swap	Decreasing long position	1,190	286
50p ordinary	Swap	Closing long position/Opening short Position	216,876	286.8192
50p ordinary	Swap	Increasing short position	143	286.5
50p ordinary	Swap	Increasing short position	469	286.5
50p ordinary	Swap	Increasing short position	1,255	286.25
50p ordinary	Swap	Increasing short position	1,443	286.25
50p ordinary	Swap	Increasing short position	436	286
50p ordinary	Swap	Increasing short position	247	286
50p ordinary	Swap	Increasing short position	702	286.25
50p ordinary	Swap	Increasing short position	495	286.5
50p ordinary	Swap	Increasing short position	147	286.5
50p ordinary	Swap	Increasing short position	1,005	286
50p ordinary	Swap	Increasing short position	654	285.5
50p ordinary	Swap	Increasing short position	2,976	286
50p ordinary	Swap	Increasing short position	1,219	286.5
50p ordinary	Swap	Increasing short position	1,326	286.5
50p ordinary	Swap	Increasing short position	1,442	286.5
50p ordinary	Swap	Increasing short position	715	287
50p ordinary	Swap	Increasing short position	1,614	287
50p ordinary	Swap	Increasing short position	1,232	286.75
50p ordinary	Swap	Increasing short position	1,163	287
50p ordinary	Swap	Increasing short position	562	287
50p ordinary	Swap	Increasing short position	1,279	286.75
50p ordinary	Swap	Increasing short position	2,643	286.75
50p ordinary	Swap	Increasing short position	385	286.5
50p ordinary	Swap	Increasing short position	896	286.5
50p ordinary	Swap	Increasing short position	287	286.5
50p ordinary	Swap	Increasing short position	181	286.5
50p ordinary	Swap	Increasing short position	13,954	287
50p ordinary	Swap	Increasing short position	799	286.5
50p ordinary	Swap	Increasing short position	31,238	287
50p ordinary	Swap	Increasing short position	184	287
50p ordinary	Swap	Increasing short position	597	287
50p ordinary	Swap	Increasing short position	1,226	286.75
50p ordinary	Swap	Increasing short position	650	287
50p ordinary	Swap	Increasing short position	672	287
50p ordinary	Swap	Increasing short position	569	287
50p ordinary	Swap	Increasing short position	629	287
50p ordinary	Swap	Increasing short position	316	287
50p ordinary	Swap	Increasing short position	256	287
50p ordinary	Swap	Increasing short position	573	287
50p ordinary	Swap	Increasing short position	1,132	287.25
50p ordinary	Swap	Increasing short position	1,149	287.25
50p ordinary	Swap	Increasing short position	1,131	287.25
50p ordinary	Swap	Increasing short position	1,124	287.25
50p ordinary	Swap	Increasing short position	1,133	286.75
50p ordinary	Swap	Increasing short position	1,147	287.25
50p ordinary	Swap	Increasing short position	1,143	287.25
50p ordinary	Swap	Increasing short position	1,139	287.25
50p ordinary	Swap	Increasing short position	1,146	287.25
50p ordinary	Swap	Increasing short position	330	287.5
50p ordinary	Swap	Increasing short position	291	287.5
50p ordinary	Swap	Increasing short position	270	287.5
50p ordinary	Swap	Increasing short position	345	287.5
50p ordinary	Swap	Increasing short position	437	287.5
50p ordinary	Swap	Increasing short position	296	287.5
50p ordinary	Swap	Increasing short position	196	287.5
50p ordinary	Swap	Increasing short position	289	287.5
50p ordinary	Swap	Increasing short position	232	287.5
50p ordinary	Swap	Increasing short position	64	287.5
50p ordinary	Swap	Increasing short position	2,252	287.5
50p ordinary	Swap	Increasing short position	290	287.5
50p ordinary	Swap	Increasing short position	1,182	287.5
50p ordinary	Swap	Increasing short position	521	287.5
50p ordinary	Swap	Increasing short position	244	287.5
50p ordinary	Swap	Increasing short position	1,374	287.5
50p ordinary	Swap	Increasing short position	1,193	287.25
50p ordinary	Swap	Increasing short position	1,171	287.5
50p ordinary	Swap	Increasing short position	171	287.5
50p ordinary	Swap	Increasing short position	941	287.5
50p ordinary	Swap	Increasing short position	704	287.5
50p ordinary	Swap	Increasing short position	1,622	287.5
50p ordinary	Swap	Increasing short position	757	287.5
50p ordinary	Swap	Increasing short position	1,172	287.25
50p ordinary	Swap	Increasing short position	3,228	287.5
50p ordinary	Swap	Increasing short position	1,177	287.5
50p ordinary	Swap	Increasing short position	3,000	287.5
50p ordinary	Swap	Increasing short position	1,496	287.5
50p ordinary	Swap	Increasing short position	53	287.5
50p ordinary	Swap	Increasing short position	665	287.5
50p ordinary	Swap	Increasing short position	1,174	287.75
50p ordinary	Swap	Increasing short position	1,804	287.75
50p ordinary	Swap	Increasing short position	454	287.75
50p ordinary	Swap	Increasing short position	805	288
50p ordinary	Swap	Increasing short position	2,706	288
50p ordinary	Swap	Increasing short position	505	288.5
50p ordinary	Swap	Increasing short position	2,947	288
50p ordinary	Swap	Increasing short position	604	288.5
50p ordinary	Swap	Increasing short position	400	288
50p ordinary	Swap	Increasing short position	700	288
50p ordinary	Swap	Increasing short position	883	288
50p ordinary	Swap	Increasing short position	674	288
50p ordinary	Swap	Increasing short position	53	288.25
50p ordinary	Swap	Increasing short position	4,200	288
50p ordinary	Swap	Increasing short position	59	288.25
50p ordinary	Swap	Increasing short position	770	288
50p ordinary	Swap	Increasing short position	2,754	288
50p ordinary	Swap	Increasing short position	4,252	288
50p ordinary	Swap	Increasing short position	2,320	288
50p ordinary	Swap	Increasing short position	913	288
50p ordinary	Swap	Increasing short position	244	288
50p ordinary	Swap	Increasing short position	59	288
50p ordinary	Swap	Increasing short position	293	288.25
50p ordinary	Swap	Increasing short position	215	288
50p ordinary	Swap	Increasing short position	481	288
50p ordinary	Swap	Increasing short position	208	288
50p ordinary	Swap	Increasing short position	229	288
50p ordinary	Swap	Increasing short position	524	288
50p ordinary	Swap	Increasing short position	176	288.5
50p ordinary	Swap	Increasing short position	396	288.5
50p ordinary	Swap	Increasing short position	586	288.5
50p ordinary	Swap	Increasing short position	1,189	288
50p ordinary	Swap	Increasing short position	644	288.5
50p ordinary	Swap	Increasing short position	1,140	288
50p ordinary	Swap	Increasing short position	1,165	288.25
50p ordinary	Swap	Increasing short position	1,177	287.75
50p ordinary	Swap	Increasing short position	1,161	288.25
50p ordinary	Swap	Increasing short position	1,128	288.25
50p ordinary	Swap	Increasing short position	1,410	288.25
50p ordinary	Swap	Increasing short position	1,196	288.25
50p ordinary	Swap	Increasing short position	625	287.5
50p ordinary	Swap	Increasing short position	648	287.5
50p ordinary	Swap	Increasing short position	1,842	285.5
50p ordinary	Swap	Increasing short position	2,313	285.5
50p ordinary	Swap	Increasing short position	2,435	285.5
50p ordinary	Swap	Increasing short position	2,363	285.5
50p ordinary	Swap	Increasing short position	4,659	285.5
50p ordinary	Swap	Increasing short position	24,959	285.5
50p ordinary	Swap	Increasing short position	2,293	285.5
50p ordinary	Swap	Increasing short position	170,000	285.5
50p ordinary	Swap	Increasing short position	1,842	285.5
50p ordinary	Swap	Increasing short position	60,000	285.5
50p ordinary	Swap	Increasing short position	7,409	285.5
50p ordinary	Swap	Increasing short position	3,787	285.5
50p ordinary	Swap	Increasing short position	2,856	285.5
50p ordinary	Swap	Increasing short position	30,957	285.5
50p ordinary	Swap	Increasing short position	2,096	285.5
50p ordinary	Swap	Increasing short position	6,577	285.5
50p ordinary	Swap	Increasing short position	3,760	285.5
50p ordinary	Swap	Increasing short position	3,870	285.5
50p ordinary	Swap	Increasing short position	55,431	285.5
50p ordinary	Swap	Increasing short position	5,210	285.5

 (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)

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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

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

Details of any agreement, arrangement or understanding, formal or informal, between the person 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"

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached? NO

Date of disclosure:	21/02/2020
Contact name:	Peter Teng
Telephone number*:	+44 20 3876 8718

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 disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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