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10 Aug 2009 16:03
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Β FORM 8.3
DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MOREΒ
(Rule 8.3 ofΒ theΒ TakeoverΒ Code)
1. KEY INFORMATION
|
Name of person dealingΒ Β (Note 1) |
David Ross |
|
Company dealt in |
Cosalt |
|
Class of relevant security to which the dealings being disclosed relateΒ (Note 2) |
Ordinary 1p |
|
Date of dealing |
05/08/09 |
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) InterestsΒ and short positionsΒ (following dealing) in the class of relevant security dealt inΒ (Note 3)
|
Long |
Short |
|
|
Number (%) |
Number (%) |
|
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(1) Relevant securitiesΒ |
3,989,296 15.1% |
|
|
(2) DerivativesΒ (other than options) |
||
|
(3)Β OptionsΒ and agreements to purchase/sell |
||
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Total |
3,989,296 15.1% |
(b) InterestsΒ and short positionsΒ in relevant securities of the company, other than theΒ classΒ dealt inΒ (Note 3)
|
Class of relevant security: |
Long |
Short |
|
Number (%) |
Number (%) |
|
|
(1) Relevant securitiesΒ |
||
|
(2) DerivativesΒ (other than options) |
||
|
(3)Β OptionsΒ and agreements to purchase/sell |
||
|
Total |
(c) Rights to subscribeΒ (Note 3)
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Class of relevant security: |
Details |
|
Ordinary shares |
Fitel Nominees LimitedΒ has agreed to subscribe forΒ 22,200,000Β new ordinary shares in the proposed firm placing by Cosalt. Should the Firm placing proceed as proposed thenΒ Fitel Nominees LimitedΒ Β would as a result of the firm placing be interested inΒ 26,189,296Β new ordinary shares representingΒ 6.47%Β ofΒ 404,403,397 being the total new ordinary shares |
3. DEALINGSΒ (Note 4)
(a) Purchases and sales
|
Purchase/sale |
Number of securities |
Price per unitΒ (Note 5) |
(b) Derivatives transactions (other than options)
|
Product name,Β e.g. CFD |
Long/shortΒ (NoteΒ 6) |
Number of securitiesΒ (Note 7) |
Price per unitΒ (Note 5) |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
|
Product name, e.g.Β callΒ option |
Writing, selling, purchasing, varying etc. |
Number of securitiesΒ to which the option relatesΒ (Note 7) |
Exercise priceΒ |
Type,Β e.g. American, European etc. |
ExpiryΒ date |
Option money paid/receivedΒ per unitΒ (Note 5)Β |
(ii) Exercising
|
Product name,Β e.g.Β call option |
Number of securitiesΒ |
Exercise priceΒ per unitΒ (Note 5) |
(d) Other dealings (including new securities)Β (Note 4)
|
Nature of transactionΒ (Note 8) |
Details |
PriceΒ per unitΒ (if applicable)Β (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 orΒ relating to the voting rights orΒ 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?Β (Note 9) YES/NO
|
Date of disclosure |
10/08/09 |
|
Contact name |
N Lamb |
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Telephone number |
02072201673 |
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If a connected EFM, name of offeree/offeror with which connected |
|
|
If a connected EFM,Β state natureΒ of connectionΒ (NoteΒ 10) |
Notes
The Notes on Form 8.3 can be viewed on the Takeover Panel's website atΒ www.thetakeoverpanel.org.uk
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