Last checked at 29 Feb 2012 11:49
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
| (a) Name of exempt principal trader: | Barclays Capital Securities Ltd | |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | BOWLEVEN PLC
| |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Advisor to Offeree | |
| (d) Date position held/dealing undertaken: | 28 February 2012 | |
| (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | YES: DRAGON OIL PLC
|
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(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: | ORD | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 693,975 | 0.24% | 2,189,328 | 0.74% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 1,420,019 | 0.48% | 689,430 | 0.23% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | TOTAL: | ||||||||||
| 2,113,994 | 0.72% | 2,878,758 | 0.98% |
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, 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 executive options)
| Class of relevant security in relation to which subscription right exists: | |
| Details, including nature of the rights concerned and relevant percentages: |
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(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and sales
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security | securities | ||||||
| ORD | Purchase | 500 | 0.9350 GBP | ||||
| ORD | Purchase | 3,777 | 1.3962 GBP | ||||
| ORD | Purchase | 7,000 | 1.5000 GBP | ||||
| ORD | Purchase | 10,000 | 1.0075 GBP | ||||
| ORD | Purchase | 34,809 | 1.4690 GBP | ||||
| ORD | Purchase | 441,386 | 1.1616 GBP | ||||
| ORD | Purchase | 62,055 | 1.4106 GBP | ||||
| ORD | Purchase | 3,000 | 0.9500 GBP | ||||
| ORD | Sale | 62,055 | 1.4106 GBP | ||||
| ORD | Sale | 2,500 | 1.3675 GBP | ||||
| ORD | Sale | 50,000 | 1.0000 GBP | ||||
| ORD | Sale | 100,000 | 0.9495 GBP | ||||
| ORD | Sale | 111,845 | 1.1401 GBP | ||||
| ORD | Sale | 330,000 | 0.9528 GBP | ||||
| ORD | Sale | 356,005 | 0.9910 GBP | ||||
| ORD | Sale | 576,400 | 1.0200 GBP | ||||
| ORD | Sale | 1,000,000 | 0.9869 GBP |
(b) Derivatives transactions (other than options)
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | CFD | Long | 5,700 | 0.9999 GBP | |||||
| ORD | CFD | Long | 10,000 | 1.4898 GBP | |||||
| ORD | CFD | Long | 16,600 | 1.4948 GBP | |||||
| ORD | CFD | Long | 30,000 | 0.9923 GBP | |||||
| ORD | CFD | Long | 52,145 | 0.9499 GBP | |||||
| ORD | CFD | Long | 63,407 | 0.9006 GBP | |||||
| ORD | CFD | Long | 48,438 | 1.4534 GBP | |||||
| ORD | CFD | Long | 121,060 | 0.9093 GBP | |||||
| ORD | CFD | Long | 165,000 | 0.9152 GBP | |||||
| ORD | CFD | Long | 165,000 | 0.9904 GBP | |||||
| ORD | CFD | Long | 576,400 | 1.0199 GBP | |||||
| ORD | CFD | Short | 10,000 | 1.4501 GBP | |||||
| ORD | CFD | Short | 10,000 | 1.4526 GBP | |||||
| ORD | CFD | Short | 10,000 | 1.4551 GBP | |||||
| ORD | CFD | Short | 14,000 | 1.4576 GBP | |||||
| ORD | CFD | Short | 17,560 | 1.4601 GBP | |||||
| ORD | CFD | Short | 20,000 | 1.4401 GBP | |||||
| ORD | CFD | Short | 34,509 | 1.4731 GBP | |||||
| ORD | CFD | Short | 50,000 | 1.4701 GBP |
(c) Options transactions in respect of existing securities
(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) Exercising
| Class of relevant security | Product description e.g. call option | 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) |
The currency of all prices and other monetary amounts should be stated.
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: 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 exempt principal trader 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
| Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 29 Feb 2012 | |
| Contact name: | Geoff Smith | |
| Telephone number: | 020 7116 2913 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. 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.
Copyright Business Wire 2012