Rule 8.3- Eidos Plc
03 May 2005 - 9:41PM
UK Regulatory
RNS Number:7848L
Man Financial Limited
03 May 2005
Date Of Disclosure: 03/05/05
Fax to 020 7256 9386 (Take Over Panel) and 020 7588 6057 (RNS) 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.
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE
ON TAKEOVERS AND MERGERS
Date of dealing 29/04/05
(1) Name of Company Dealing in Eidos PLC
Class of securities ORDINARY SHARES
(2) Amount Bought Amount Sold Price (GBP)
365000 0.6150
49800 0.6050
47067 0.6050
2733 0.6050
In addition, Man Financial Ltd have entered into CFD and Spread Betting
arrangements with its clients which are detailed below.
(3) Resultant total of the same class owned or controlled and percentage of
class 2,726,884 1.92%
(4) Party making disclosure MAN FINANCIAL LIMITED
(5) Name of purchaser/vendor (Note1) MAN FINANCIAL LIMITED
(6) Reason for disclosure (Note 2)
(a) Associate of (i) offeror (Note 3) - NO
(b) (i) offeree Company - NO
Specify which category or categories of associate (1-8 overleaf)
If category (8), explain
Rule 8.3 (i.e. 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 Stewart Horner
Telephone and extension number 020-7144-4201
Note1. Specify owner, not nominee or vehicle company. If relevant, also identify
controller of owner, e.g. 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.
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
NOTES REGARDING DISCLOSURE
Man Financial Ltd ("MAN") is the beneficial owner of 2,726,884 Ordinary Shares
in the above company which are held to hedge CFD & Spread Betting positions (see
below) established between MAN and its clients.
A Contract for Difference or CFD is an agreement between two parties to
exchange, at the close of the contract, the difference between the opening price
and the closing price, multiplied by the number of reference shares specified
within the contract. The 'reference shares' are the underlying shares specified
in the CFD. The economic performance of the CFD is determined by the performance
of the underlying reference shares. Although CFDs replicate the price movement
of the underlying reference shares, they convey no right or requirement to
acquire or deliver the physical shares.
The contract value of a CFD is defined as the number of reference shares
specified in the contract, multiplied by the price of the underlying reference
share. If a client of Man takes a long position, the client will make a profit
if the contract value increases.
Conversely, if a client of Man takes a short position, the client will benefit
if the contract value falls.
The CFD contracts detailed below are open-ended and without predetermined
expiry/close value
A Spread Bet is a product whereby 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. A client's Spread
bet position is described the client's 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 the client has an exposure equivalent to
10,000 shares.
DEFINITION OF ASSOCIATE
It is not practicable to define associate in terms which would cover all the
different relationships which may exist in an offer.
The term associate is intended to cover all persons (whether or not acting in
concert) who directly or indirectly own or deal in the shares of an offeror or
the offeree company in an offer and who have (in addition to their normal
interests as shareholders) an interest or potential interest, whether
commercial, financial or personal, in the outcome of the offer
Without prejudice to the generality of the foregoing, the term associate will
normally include the following:-
(1) an offeror's or the offeree company's parent, subsidiaries and fellow
subsidiaries, and their associated companies, and companies of which such
companies are associated companies (for this purpose ownership or control of 20%
or more of the equity share capital of a company is regarded as the test of
associated company status);
(2) banks and financial and other professional advisers (including
stockbrokers)* to an offeror, the offeree company or any company covered in (1),
including persons controlling#, controlled by or under the same control as such
banks, financial and other professional advisers;
(3) the directors (together with their close relatives & related trusts) of an
offeror, the offeree company or any company covered in (1);
(4) the pension funds of an offeror, the offeree company or any company covered
in (1); in respect of the relevant investment accounts;
(5) any investment company, unit trust or other person whose investments an
associate manages on a discretionary basis,
(6) a person who owns or controls 5% or more of any class of relevant securities
(as defined in paragraphs (a) to (d) in Note 2 on Rule 8) issued by an offeror
or an offeree company, including a person who as a result of any transaction
owns or controls 5% or more. When two or more persons act pursuant to an
agreement or understanding (formal or informal) to acquire or control such
securities, they will be deemed to be a single person for the purpose of this
paragraph. Such securities managed on a discretionary basis by an investment
management group will, unless otherwise agreed by the Panel, also be deemed to
be those of a single person (see Note 8 on Rule 8); and
(7) a company having a material trading arrangement with an offeror or the
offeree company.
Paragraphs (1)-(7) are typical cases. Paragraph (8) below is a category to cover
associate status not within (1)-(7).
(8) Other.
CFD OPEN INTEREST
PRODUCT NAME EXECUTED MAN FIN Ref Shares PRICE (GBP)
LTD
Eidos PLC LONG CFD 29/04/05 SALE 365,000 0.6150
Eidos PLC LONG CFD 28/04/05 SALE 430,000 0.6150
Eidos PLC LONG CFD 28/04/05 SALE 100,000 0.6300
Eidos PLC LONG CFD 28/04/05 SALE 50,000 0.6350
Eidos PLC LONG CFD 27/04/05 SALE 250,000 0.6700
Eidos PLC LONG CFD 27/04/05 SALE 100,000 0.6800
Eidos PLC LONG CFD 27/04/05 SALE 100,000 0.6750
Eidos PLC LONG CFD 27/04/05 SALE 50,000 0.6850
Eidos PLC LONG CFD 27/04/05 SALE 42,884 0.6875
Eidos PLC LONG CFD 26/04/05 SALE 100,000 0.6900
Eidos PLC LONG CFD 26/04/05 SALE 105 0.6850
Eidos PLC LONG CFD 26/04/05 SALE 2,287 0.6800
Eidos PLC LONG CFD 26/04/05 SALE 14,600 0.6750
Eidos PLC LONG CFD 26/04/05 SALE 30,700 0.6825
Eidos PLC LONG CFD 26/04/05 SALE 33,300 0.6775
Eidos PLC LONG CFD 26/04/05 SALE 50,000 0.6825
Eidos PLC LONG CFD 26/04/05 SALE 76,124 0.6800
Eidos PLC LONG CFD 26/04/05 SALE 50,000 0.6850
Eidos PLC LONG CFD 25/04/05 SALE 25,000 0.6900
Eidos PLC LONG CFD 25/04/05 SALE 125,000 0.6900
Eidos PLC LONG CFD 25/04/05 SALE 100,000 0.6875
Eidos PLC LONG CFD 25/04/05 SALE 25,000 0.6975
Eidos PLC LONG CFD 22/04/05 SALE 25,000 0.7000
Eidos PLC LONG CFD 21/04/05 SALE 4,000 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 100,000 0.6889
Eidos PLC LONG CFD 21/04/05 SALE 2,000 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 9,189 0.6750
Eidos PLC LONG CFD 21/04/05 SALE 17,916 0.6925
Eidos PLC LONG CFD 21/04/05 SALE 25,395 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 48,850 0.6800
Eidos PLC LONG CFD 21/04/05 SALE 50,000 0.6800
Eidos PLC LONG CFD 21/04/05 SALE 50,000 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 62,500 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 29,000 0.6925
Eidos PLC LONG CFD 18/04/05 SALE 11,500 0.7025
Eidos PLC LONG CFD 18/04/05 SALE 39,650 0.7000
Eidos PLC LONG CFD 04/04/05 SALE 39,200 0.7350
Eidos PLC LONG CFD 24/03/05 SALE 10,000 0.6125
Eidos PLC LONG CFD 18/03/05 SALE 106,485 0.3900
Eidos PLC LONG CFD 08/10/04 SALE 45,000 0.9624
Eidos PLC LONG CFD 07/10/04 SALE 9,213 0.9690
Eidos PLC LONG CFD 06/10/04 SALE 17,986 0.9725
Eidos PLC LONG CFD 17/07/01 SALE 1,000 0.0000
Eidos PLC LONG CFD 24/03/00 SALE 2,000 3.0500
Eidos PLC LONG CFD 28/01/00 SALE 1,000 5.9000
Eidos PLC SHORT CFD 07/04/05 SALE 100,000 0.7296
This information is provided by RNS
The company news service from the London Stock Exchange
END
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