%H in Text Events breaks tabulation

[Phr33d0m]

Using %H to hide certain parts of text in Text Events breaks tabulation.
An example with Your Message:
(1) Works: <$1>$t$2
(2) Doesn't work: %H<%O$1$H>$O$t$2

Pic example: http://i.politeia.in/di-BVDR.png
Green lines: (1)
Orange lines: (2)

[Phr33d0m]

I should also point that I used TingPing's xchat theme manager to apply the Black theme (which may have done something wrong (?)).

[ghost]

Then test it with default theme?

[TingPing]

Looks like the issue was using %O instead of %H to close it.