GCM Resources Regulatory News (GCM)

4 Jun 2008 07:00

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION \* TName of person dealing (Note 1) Loews Corporation---------------------------------------------------------------------------------------------------------Company dealt in GCM Resources PLC---------------------------------------------------------------------------------------------------------Class of relevant security to which the 10p ordinary dealings being disclosed relate (Note 2)---------------------------------------------------------------------------------------------------------Date of dealing 20 May 2008---------------------------------------------------------------------------------------------------------\* T 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevantsecurity dealt in (Note 3) \* T Long Short-------------------------------------------------------------------------------------------------------- Number (%) Number (%)--------------------------------------------------------------------------------------------------------(1) Relevant securities 500,000 1.02%--------------------------------------------------------------------------------------------------------(2) Derivatives (other than options)--------------------------------------------------------------------------------------------------------(3) Options and agreements to purchase/sell--------------------------------------------------------------------------------------------------------Total 500,000 1.02%--------------------------------------------------------------------------------------------------------\* T (b) Interests and short positions in relevant securities of the company, otherthan the class dealt in (Note 3) \* T Class of relevant security: Long Short-------------------------------------------------------------------------------------------------------- Number (%) Number (%)--------------------------------------------------------------------------------------------------------(1) Relevant securities--------------------------------------------------------------------------------------------------------(2) Derivatives (other than options)--------------------------------------------------------------------------------------------------------(3) Options and agreements to purchase/sell--------------------------------------------------------------------------------------------------------Total--------------------------------------------------------------------------------------------------------\* T (c) Rights to subscribe (Note 3) \* TClass of relevant security: Details---------------------------------------------------------------------------------------------------------\* T 3. DEALINGS (Note 4) (a) Purchases and sales \* TPurchase/sale Number of securities Price per unit (Note 5)---------------------------------------------------------------------------------------------------------Purchase 500,000 GBP 1.6269---------------------------------------------------------------------------------------------------------\* T (b) Derivatives transactions (other than options) \* TProduct name, Long/short (Note 6) Number of securities (Note 7) Price per unit (Note 5)e.g. CFD--------------------------------------------------------------------------------------------------------\* T (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying \* TProduct name, Writing, Number of Exercise Type, e.g. Expiry Option moneye.g. call option selling, securities to price American, date paid/received purchasing, which the option European per unit (Note varying etc. relates (Note 7) etc. 5)-------------------------------------------------------------------------------------------------------\* T (ii) Exercising \* TProduct name, e.g. call option Number of securities Exercise price per unit (Note 5)---------------------------------------------------------------------------------------------------------\* T (d) Other dealings (including new securities) (Note 4) \* TNature of transaction (Note 8) Details Price per unit (if applicable) (Note 5)---------------------------------------------------------------------------------------------------------\* T 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives \* TFull 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.--------------------------------------------------------------------------------------------------------- Not applicable---------------------------------------------------------------------------------------------------------\* T Is a Supplemental Form 8 attached? (Note 9) NO \* TDate of disclosure 3 June 2008----------------------------------------------------------------------------------------------------------Contact name Darren Daugherty----------------------------------------------------------------------------------------------------------Telephone number (212) 521-2788----------------------------------------------------------------------------------------------------------If a connected EFM, name of offeree/offeror with which Not applicable connected----------------------------------------------------------------------------------------------------------If a connected EFM, state nature of connection (Note 10) Not applicable----------------------------------------------------------------------------------------------------------\* T Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk Copyright Business Wire 2008