10 Aug 2009 16:03
FORM 8.3
DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
(Rule 8.3 of the Takeover Code)
1. KEY INFORMATION
| Name of person dealing (Note 1) | David Ross |
| Company dealt in | Cosalt |
| Class of relevant security to which the dealings being disclosed relate (Note 2) | Ordinary 1p |
| Date of dealing | 05/08/09 |
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)
| Long | Short | |
| Number (%) | Number (%) | |
| (1) Relevant securities | 3,989,296 15.1% | |
| (2) Derivatives (other than options) | ||
| (3) Options and agreements to purchase/sell | ||
| Total | 3,989,296 15.1% |
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)
| Class of relevant security: | Long | Short |
| Number (%) | Number (%) | |
| (1) Relevant securities | ||
| (2) Derivatives (other than options) | ||
| (3) Options and agreements to purchase/sell | ||
| Total |
(c) Rights to subscribe (Note 3)
| Class of relevant security: | Details |
| Ordinary shares | Fitel Nominees Limited has agreed to subscribe for 22,200,000 new ordinary shares in the proposed firm placing by Cosalt. Should the Firm placing proceed as proposed then Fitel Nominees Limited would as a result of the firm placing be interested in 26,189,296 new ordinary shares representing 6.47% of 404,403,397 being the total new ordinary shares |
3. DEALINGS (Note 4)
(a) Purchases and sales
| Purchase/sale | Number of securities | Price per unit (Note 5) |
(b) Derivatives transactions (other than options)
| Product name, e.g. CFD | Long/short (Note 6) | Number of securities (Note 7) | Price per unit (Note 5) |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
| Product name, e.g. call option | Writing, selling, purchasing, varying etc. | Number of securities to which the option relates (Note 7) | Exercise price | Type, e.g. American, European etc. | Expiry date | Option money paid/received per unit (Note 5) |
(ii) Exercising
| Product name, e.g. call option | Number of securities | Exercise price per unit (Note 5) |
(d) Other dealings (including new securities) (Note 4)
| Nature of transaction (Note 8) | Details | Price per unit (if applicable) (Note 5) |
| Participation in Firm placing | See section 2.c above | 5p |
4. OTHER INFORMATION
Agreements, arrangements or understandings relating to options or derivatives
| Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. |
Is a Supplemental Form 8 attached? (Note 9) YES/NO
| Date of disclosure | 10/08/09 |
| Contact name | N Lamb |
| Telephone number | 02072201673 |
| If a connected EFM, name of offeree/offeror with which connected | |
| If a connected EFM, state nature of connection (Note 10) |
Notes
The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk