Rule 8 - Compco Holdings Plc
16 June 2003 - 9:28PM
UK Regulatory
RNS Number:3610M
Cantor Fitzgerald Europe
16 June 2003
FORM 8.1/8.3
Lodge with a RIS or Newstrack and the Takeover Panel. Use separate form for each
class of securities in which dealings have been made.
Date of disclosure 16/06/03.................
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 13/06/03
Dealing in Compco Holdings Plc................(name of company)
(1) Class of securities (eg ordinary shares) ordinary shares...............
(2) Amount bought Amount sold Price per unit
60,000 3.885
1,114,604 3.885
1,124,000 3.8875
175,000 3.8875
In addition, Cantor Fitzgerald Europe (and affiliates) have undertaken certain
CFD and Spreadbet transactions (see below).
(3) Resultant total of the same class owned or controlled
(and percentage of class) 1,026,000 shares* (2.75%)
(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 management organisation
......................................................................
(6) Reason for disclosure (Note 2)
(a) associate of (i) offeror (Note 3) NO
(ii) offeree company NO
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 the class of relevant securities dealt in) YES
Signed, for and on behalf of the party named in (4) above .....................
(Also print name of signatory) Ross Tanton...................
Telephone and extension number 020 7894 7214..................
______________________________________
*In addition, Cantor Fitzgerald Europe (and affiliates) are party
to certain CFDs and Spreadbets ( see below)
Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on instructions of
a controller.
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 an associate of any offeror or of the offeree company in relation to
relevant securities, details of such arrangement must be disclosed, as required
by Note 6 on Rule 8.
Note 5. It may be necessary, particularly when disclosing derivative
transactions, to append a sheet to this disclosure form so that all relevant
information can be given. .-see attached
Note 6. In the case of an average price bargain, each underlying trade should be
disclosed.
For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel. No:
020 7638 0129. E-mail:monitoring@disclosure.org.uk
Date of Disclosure: June 16, 2003
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 1,026,000 Compco Holdings
PLC ordinary shares. These shares are held to hedge Spreadbet positions between
Cantor Index Limited and other clients.
A Long CFD is a product where the client to whom the product is sold is taking a
long economic interest in the underlying share price such that the client can
realise a gain if the price of the underlying securities rises above the
reference price.
A Spread Bet is a product where the client to whom the product is sold can
realise a gain or a loss depending on whether the price of the underlying
security increases above or falls below the reference price. The client's
Spread bet position is described as his "stake". A "stake" is expressed in
pounds (sterling) per "point" and a "point" is the price in pence of the
underlying shares. A client with a "stake" of #100 per point will make a gain
of #100 for every penny increase in the underlying shares and he/she has an
exposure equivalent to 10,000 shares.
A purchaser of a Spread Bet or a CFD contract will realise a gain if the price
of the underlying security goes up. A seller of a Spread Bet or a CFD contract
will realise a gain if the price of the underlying security goes down.
There are no written or oral agreements between Cantor Fitzgerald Europe and any
clients concerning the control of voting rights in relation to the underlying
shares used to hedge the CFDs and Spreadbets.
The CFD contracts are open-ended and there is no rollover into new contracts
Contracts for Differences
Contracts for Differences Date of Disclosure: 13-Jun-03
Compco Holdings PLC
Cantor
CFDs Closed out Fitzgerald Underlying Number
13-Jun-03 Open Date Buy/Sell Of Shares Open Price Close Price
Compco Holdings Plc, Long CFD June 9, 2003 Sell 60,000 310 388.5
Compco Holdings Plc, Long CFD May 15, 2003 Sell 115,000 298 388.5
Compco Holdings Plc, Long CFD May 22, 2003 Sell 109,604 310 388.5
Compco Holdings Plc, Long CFD May 23, 2003 Sell 200,000 310 388.5
Compco Holdings Plc, Long CFD June 9, 2003 Sell 690,000 310 388.5
1,174,604
Spread Bets Cantor Reference
Compco Holdings PLC Fitzgerald Stake - # per Point Price
Expiry Date Date Executed Buy/Sell 1 Point = 1 pence (pence)
17-Jun-03 May 22, 2003 Sell 150 311.9
16-Sep-03 June 2, 2003 Sell 100 304.6
16-Sep-03 May 20, 2003 Sell 40 312.5
16-Sep-03 June 10, 2003 Sell 100 310.4
No Expiry May 19, 2003 Sell 1,100 303.909
No Expiry May 20, 2003 Sell 2,500 303.909
No Expiry May 20, 2003 Sell 3,000 303.909
No Expiry May 22, 2003 Sell 1,900 310.93
No Expiry May 22, 2003 Sell 250 310.428
No Expiry May 23, 2003 Sell 150 310.93
No Expiry May 29, 2003 Sell 500 305.915
No Expiry June 3, 2003 Sell 600 305.915
10,390
Spread Bets Closed out
13-Jun-03 Open Date Open Price Close Price
17-Jun-03 May 14, 2003 Sell 890 285.9 387.2
17-Jun-03 May 21, 2003 Sell 300 311.9 387.2
16-Sep-03 June 10, 2003 Sell 750 310.4 386.1
16-Sep-03 June 11, 2003 Sell 1,000 332.7 386.1
No Expiry February 12, 2003 Sell 3,050 236.17 388
No Expiry January 9, 2003 Sell 4,000 251.25 388
No Expiry May 15, 2003 Sell 250 298.89 388
No Expiry May 16, 2003 Sell 1,000 303.9 388
No Expiry May 16, 2003 Sell 500 302.906 388
No Expiry May 19, 2003 Sell 650 303.909 388
No Expiry May 19, 2003 Sell 50 303.909 388
No Expiry May 19, 2003 Sell 500 303.909 388
No Expiry May 19, 2003 Sell 50 303.909 388
12,990
This information is provided by RNS
The company news service from the London Stock Exchange
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