Rule 8 - New Look Group Plc
14 January 2004 - 11:23PM
UK Regulatory
RNS Number:2272U
Cantor Fitzgerald Europe
14 January 2004
FORM 8.1/8.3
Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. Use a
separate form for each class of securities in which dealings have been made.
Date of Disclosure
14/01/04......................................................
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS
Date of dealing
13/01/04...............................................................
Dealing in (name of company)
New Look Group Plc............................................................
...
1. Class of securities (eg ordinary shares)
Ordinary...............................................................
2.
Amount Amount Price
bought sold per unit
35,000 3.120
5,000 3.2075
5,000 3.2075
5,000 3.2075
5,000 3.2075
5,000 3.2075
11,363 3.230
5,000 3.220
50,000 3.180
6,250 3.180
6,250 3.180
25,000 3.180
6,250 3.180
6,250 3.180
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)
2,603,792 * 1.30%
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.
Note 6.
In the case of an average price bargain, each underlying trade should be
disclosed.
Note 7.
The resultant total percentage holding of the class of relevant security is to
be 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 in
doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel. No:
020 7638 0129. Email: monitoring@disclosure.org.uk
Date of Disclosure: January 14, 2004
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 2,603,792 New Look Group PLC
ordinary shares. 1,860,000 of these shares are held to hedge Contract for
Differences ("CFD") positions for clients and 735,400 of 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 Disclosure Date: 14-Jan-04
Differences
New Look Cantor Reference
Group Plc Fitzgerald Underlying Price
Number
Product Name Date Buy/Sell Of Shares (pence)
Executed
New Look August 8, Sell 200,000 312
Group Plc, 2003
Long CFD
New Look August 8, Sell 250,000 312
Group Plc, 2003
Long CFD
New Look October Sell 100,000 314
Group Plc, 1, 2003
Long CFD
New Look October Sell 100,000 315
Group Plc, 1, 2003
Long CFD
New Look October Sell 100,000 333
Group Plc, 27, 2003
Long CFD
New Look December Sell 8,479 317.25
Group Plc, 10, 2003
Long CFD
New Look December Sell 100,000 315
Group Plc, 10, 2003
Long CFD
New Look December Sell 1,521 313
Group Plc, 11, 2003
Long CFD
New Look December Sell 250,000 302.75
Group Plc, 23, 2003
Long CFD
New Look December Sell 200,000 303
Group Plc, 24, 2003
Long CFD
New Look December Sell 100,000 307.5
Group Plc, 30, 2003
Long CFD
New Look January Sell 250,000 310
Group Plc, 2, 2004
Long CFD
New Look January Sell 100,000 309.75
Group Plc, 5, 2004
Long CFD
New Look January Sell 100,000 313
Group Plc, 6, 2004
Long CFD
1,860,000
CFDs Closed out
13-Jan-04 Open Date Open Price Close
Price
New Look November Sell 25,000 322.5 320.75
Group Plc, 18, 2003
Long CFD
New Look October Sell 11,363 310 323
Group Plc, 3, 2003
Long CFD
New Look December Buy 25,000 304.54 312
Group Plc, 18, 2003
Long CFD
New Look December Buy 10,000 304.54 312
Group Plc, 18, 2003
Long CFD
Spread Bets Cantor Reference
New Look Fitzgerald Stake - # Price
Group Plc per Point
Expiry Date Date Buy/Sell 1 Point = (pence)
Executed 1 pence
16-Mar-04 November Sell 20 316
24, 2003
16-Mar-04 November Sell 150 312.5
24, 2003
16-Mar-04 November Sell 20 316.5
25, 2003
16-Mar-04 December Sell 150 313.8
5, 2003
16-Mar-04 December Sell 100 322.6
10, 2003
16-Mar-04 December Sell 50 316.1
15, 2003
16-Mar-04 December Sell 460 311.2
16, 2003
16-Mar-04 December Sell 1,416 310.9
16, 2003
16-Mar-04 December Sell 200 310.9
16, 2003
16-Mar-04 December Sell 3,208 312
16, 2003
16-Mar-04 December Sell 1,580 313
16, 2003
7,354
Spread Bets Closed out
13-Jan-04 Open Date Open Price Close
Price
16-Mar-04 December Sell 40 311.2 324.7
16, 2003
16-Mar-04 December Sell 100 317.6 323.2
15, 2003
16-Mar-04 December Sell 1,000 310.9 319.2
16, 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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