EAS.L Regulatory News (EAS)

15 Apr 2005 10:59

Cantor Fitzgerald Europe15 April 2005 FORM 8.1/8.3 Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. Use aseparate form for each class of securities in which dealings have been made. Date of Disclosure 15/04/05...................................................... DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERSAND MERGERS Date of dealing 14/04/05............................................................... Dealing in (name of company) Easyscreen Plc............................................................... 1. Class of securities (eg ordinary shares) Ordinary............................................................... 2 Amount Amount Sold Price per Bought unit 500,000 0.15 250,000 0.145 In addition, Cantor Fitzgerald Europe (and affiliates) have undertaken certainCFD and Spreadbet transactions (see below) 3. Resultant total of the same class owned or controlled (and percentage ofclass) 4,990,483* 5.02%* 4. Party making disclosure Cantor Fitzgerald Europe............................................................... 5. EITHER (a) Name of purchaser / vendor (Note 1) Cantor Fitzgerald Europe............................................................... OR (b) if dealing for discretionary client(s), name of fund managementorganisation ............................................................... 6. Reason for disclosure (Note 2) ............................................................... (a) associate of (i) offeror (Note 3) NO (ii) offeree company YES Specify which category or categories of associate (1-8 overleaf) ............................................................... If category (8), explain ............................................................... (b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of theclass of relevant securities dealt in) YES Signed, for and on behalf of the party named in (4) above ............................................................... (Also print name of signatory) Claire Swaby............................................................... Telephone and Extension number 020 7894 7990............................................................... *In addition, Cantor Fitzgerald Europe (and affiliates) are party to certainCFDs and Spreadbets (see below) Note 1. Specify owner, not nominee or vehicle company. If relevant, also identifycontroller of owner, eg where an owner normally acts on instructions of acontroller Note 2. Disclosure might be made for more than one reason; if so, state all reasons. Note 3. Specify which offeror if there is more than one. Note 4. When an arrangement exists with any offeror, with the offeree company or with anassociate of any offeror or of the offeree company in relation to relevantsecurities, details of such arrangement must be disclosed, as required by Note 6on Rule 8. Note 5. It may be necessary, particularly when disclosing derivative transactions, toappend a sheet to this disclosure form so that all relevant information can begiven. Note 6. In the case of an average price bargain, each underlying trade should bedisclosed. Note 7. The resultant total percentage holding of the class of relevant security is tobe calculated by reference to the percentage held and in issue outside treasury. For full details of disclosure requirements, see Rule 8 of the Code. If indoubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel. No:020 7638 0129. Email: monitoring@disclosure.org.uk Date of Disclosure: April 15, 2005 Form 8 Enclosure Cantor Fitzgerald Europe is the beneficial owner of 4,990,483 Easyscreen PLCordinary shares. These shares are held to hedge Contract for Differences ("CFD") and Spreadbets positions for clients. A Long CFD is a product where the client to whom the product is sold is taking along economic interest in the underlying share price such that the client canrealise a gain if the price of the underlying securities rises above thereference price. A Spread Bet is a product where the client to whom the product is sold canrealise a gain or a loss depending on whether the price of the underlyingsecurity increases above or falls below the reference price. The client'sSpread bet position is described as his "stake". A "stake" is expressed inpounds (sterling) per "point" and a "point" is the price in pence of theunderlying shares. A client with a "stake" of £100 per point will make a gainof £100 for every penny increase in the underlying shares and he/she has anexposure equivalent to 10,000 shares. A purchaser of a Spread Bet or a CFD contract will realise a gain if the priceof the underlying security goes up. A seller of a Spread Bet or a CFD contractwill realise a gain if the price of the underlying security goes down. Contracts for Disclosure Date: 15-Apr-05DifferencesEasyscreen Plc Cantor Reference Fitzgerald Underlying Price NumberProduct Name Date Executed Buy/Sell Of Shares (pence) Easyscreen Plc, Long CFD April 7, 2004 Sell 100,000 38 Spread Bets Cantor ReferenceEasyscreen Plc Fitzgerald Stake - £ Price per PointExpiry Date Date Executed Buy/Sell 1 Point = (pence) 1 pence June 14, 2005 January 21, 2005 Buy -2,000 14.2June 14, 2005 January 28, 2005 Buy -1,000 15.2June 14, 2005 March 7, 2005 Sell 10,000 14June 14, 2005 March 10, 2005 Sell 1,130 15.51June 14, 2005 March 14, 2005 Sell 20,400 16June 14, 2005 March 14, 2005 Sell 1,170 16June 14, 2005 March 15, 2005 Sell 500 16.26June 14, 2005 March 15, 2005 Sell 240 16.26June 14, 2005 March 15, 2005 Sell 2,775 16.26June 14, 2005 March 23, 2005 Sell 11,250 13.75December 31, 2010 May 7, 2004 Sell 5,000 34.1 49,465 Spread Bets Closed out Number Open Close14-Apr-05 Open Date Of Shares Price PriceJune 14, 2005 March 15, 2005 Sell 5,000 16.26 14.9June 14, 2005 March 15, 2005 Sell 2,500 16.26 14.5 This information is provided by RNS The company news service from the London Stock Exchange