Rule 8.3- Ardana Plc

28 Mar 2008 11:31

Cheviot Asset Management Ltd28 March 2008 FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION Name of person dealing (Note 1) Cheviot Asset Management Company dealt in Ardana Plc Class of relevant security to which the dealings being Orddisclosed relate (Note 2) Date of dealing 27 Mar 08 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 970,230 1.48% - -(2) Derivatives (other than options) - - - -(3) Options and agreements to purchase/sell - - - - Total 970,230 1.48% - - (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: Detailsn/a 3. DEALINGS (Note 4) (a) Purchases and sales Purchase/sale Number of securities Price per unit (Note 5)Sale 153724 19pBuy 153274 19pSale 135500 20.75pBuy 135500 20.8p (b) Derivatives transactions (other than options) Product name, e.g. Long/short (Note Number of securities Price per unitCFD 6) (Note 7) (Note 5)n/a (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product Writing, Number of Exercise Type, e.g. Expiry Optionname,e.g. selling, securities to price American, date moneypaid/call purchasing, which the option European received peroption varying etc. relates (Note 7) etc. unit (Note 5)n/a (ii) Exercising Product name, e.g. call Number of Exercise price per unit (Noteoption securities 5)n/a (d) Other dealings (including new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5)n/a 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the persondisclosing and any other person relating to the voting rights of any relevantsecurities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which anyderivative referred to on this form is referenced. If none, this should bestated. .............................................................................. .............................................................................. Is a Supplemental Form 8 attached? (Note 9) NO Date of disclosure 28th March 2008Contact name Stuart EverittTelephone number 0207 4385727If a connected EFM, name of offeree/offeror with which n/aconnectedIf a connected EFM, state nature of connection (Note 10) n/a Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock Exchange