RNS Number:2716U
GNI Limited
15 January 2004
Date Of Disclosure: 15/01/04
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 14/01/04
(1) Name of Company Dealing in New Look Group PLC
Class of securities ORDINARY SHARES
(2)
Amount Bought Amount Sold Price Per Unit
100000 3.2500
100000 3.2504
50000 3.2497
50000 3.2000
33000 3.2500
25000 3.2500
25000 3.2500
25000 3.2500
25000 3.2500
25000 3.2500
24257 3.2500
22000 3.2400
21000 3.2500
19786 3.2500
19257 3.2500
17000 3.2500
17000 3.2500
16000 3.2500
12000 3.2500
11302 3.2500
10000 3.2500
10000 3.2500
10000 3.2000
10000 3.2450
10000 3.2500
10000 3.2500
9526 3.2500
9000 3.2475
9000 3.2500
9000 3.2500
9000 3.2475
9000 3.2500
8968 3.2500
8909 3.2400
7691 3.2400
7500 3.2000
7500 3.2000
7500 3.2000
7500 3.2000
6732 3.2500
6250 3.2000
6250 3.2400
5214 3.2500
5157 3.2500
5150 3.2350
5000 3.2200
5000 3.2400
5000 3.2475
5000 3.2475
5000 3.2450
5000 3.2475
5000 3.2450
5000 3.2500
4874 3.2500
4843 3.2500
4500 3.2400
4032 3.2500
4000 3.2500
3750 3.2000
3466 3.2500
3268 3.2500
2369 3.2500
1900 3.2475
1600 3.2475
900 3.2475
743 3.2600
700 3.2500
600 3.2475
474 3.2500
32 3.2475
(3) Resultant total of the same class owned or controlled and
percentage of class 6,740,292 3.36%
(4) Party making disclosure GNI LIMITED
(5) Name of purchaser/vendor (Note1) GNI LIMITED
(6) Reason for disclosure (Note 2)
(a) Associate of (i) offeror (Note 3) - NO
(i) offeree Company - NO
Specify which category or categories of associate (1-8 overleaf)
If category (8), explain
(b) 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 NIGEL AVEY
Telephone and extension number 020-700-23140
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
GNI Ltd is the beneficial owner of 6,740,292 Ordinary Shares in the above
company which are held to hedge CFD positions resulting from CFD contracts (see
below) established between GNI 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 GNI takes a long position, the customer will make a
profit if the contract value increases. Conversely, if a customer of GNI takes
a short position, the customer will benefit if the contract value falls. The CFD
contracts detailed below are open-ended and without predetermined expiry/close
value.
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 and 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);
(5) any investment company, unit trust or other person whose investments an
associate manages on a discretionary basis, in respect of the relevant
investment accounts;
(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.
CFDs CLOSED OUT
POS. OPENED ORIG. POSITION OPEN PRICE CLOSE PRICE DATE CLOSED
19/09/03 -100000 3.2300 3.2504 14/01/04
19/09/03 -100000 3.2300 3.2500 14/01/04
29/10/03 -10000 3.3100 3.2600 14/01/04
CFD OPEN INTEREST
PRODUCT NAME EXECUTED GNI SALE UNDERLYING PRICE
NO. Shs (ppu)
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 25,000 3.2497
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 9,500 3.2400
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 25,000 3.2499
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 25,000 3.2500
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2000
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2000
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2483
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2497
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2500
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 100,000 3.2400
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2395
NEW LOOK GROUP PLC LONG CFD 14/01/04 GNI SALE 5,000 3.2200
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 2,200 3.2200
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 15,000 3.2000
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 11,363 3.2300
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 10,000 3.2000
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 7,400 3.2270
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 7,300 3.2000
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 5,000 3.2200
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 2,700 3.2000
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 20,000 3.2349
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 5,000 3.2300
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 5,000 3.2000
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 50,000 3.2400
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 5,000 3.2100
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 25,000 3.1800
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 200,000 3.1951
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 50,000 3.2300
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 50,000 3.1950
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 50,200 3.1946
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 25,000 3.2000
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 45,000 3.2112
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 26,000 3.2299
NEW LOOK GROUP PLC LONG CFD 13/01/04 GNI SALE 34,850 3.2277
NEW LOOK GROUP PLC LONG CFD 12/01/04 GNI SALE 25,000 3.1300
NEW LOOK GROUP PLC LONG CFD 12/01/04 GNI SALE 100,000 3.1333
NEW LOOK GROUP PLC LONG CFD 19/01/04 GNI SALE 15,000 3.0500
NEW LOOK GROUP PLC LONG CFD 15/12/03 GNI SALE 10,000 3.1350
NEW LOOK GROUP PLC LONG CFD 15/12/04 GNI SALE 15,000 3.1325
NEW LOOK GROUP PLC LONG CFD 10/01/04 GNI SALE 5,000 3.1300
NEW LOOK GROUP PLC LONG CFD 10/01/04 GNI SALE 10,000 3.1765
NEW LOOK GROUP PLC LONG CFD 10/02/03 GNI SALE 50,000 3.1799
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 5,000 3.1850
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 5,000 3.1765
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 10,000 3.1600
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 10,000 3.1765
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 10,000 3.1850
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 10,000 3.1850
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 17,500 3.1600
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 25,000 3.1500
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 50,000 3.1725
NEW LOOK GROUP PLC LONG CFD 10/12/03 GNI SALE 25,000 3.1600
NEW LOOK GROUP PLC LONG CFD 25/11/03 GNI SALE 5,000 3.1200
NEW LOOK GROUP PLC LONG CFD 24/11/03 GNI SALE 10,000 3.1000
NEW LOOK GROUP PLC LONG CFD 24/11/03 GNI SALE 2,000 3.0325
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 25,000 3.1350
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 15,000 3.1450
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 10,000 3.1450
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 20,000 3.1375
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 20,000 3.1400
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 45,000 3.1400
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 49,234 3.1400
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 10,000 3.1400
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 90,000 3.1364
NEW LOOK GROUP PLC LONG CFD 21/11/03 GNI SALE 25,000 3.1400
NEW LOOK GROUP PLC LONG CFD 20/11/03 GNI SALE 20,000 3.1600
NEW LOOK GROUP PLC LONG CFD 20/11/03 GNI SALE 5,000 3.1925
NEW LOOK GROUP PLC LONG CFD 20/11/03 GNI SALE 10,000 3.1625
NEW LOOK GROUP PLC LONG CFD 20/11/03 GNI SALE 10,000 3.1800
NEW LOOK GROUP PLC LONG CFD 20/11/03 GNI SALE 10,000 3.1950
NEW LOOK GROUP PLC LONG CFD 20/11/03 GNI SALE 20,000 3.1475
NEW LOOK GROUP PLC LONG CFD 20/11/03 GNI SALE 514,300 3.1685
NEW LOOK GROUP PLC LONG CFD 20/11/03 GNI SALE 10,000 3.2000
NEW LOOK GROUP PLC LONG CFD 19/11/03 GNI SALE 10,000 3.1700
NEW LOOK GROUP PLC LONG CFD 19/11/03 GNI SALE 10,000 3.1650
NEW LOOK GROUP PLC LONG CFD 18/11/03 GNI SALE 10,000 3.2200
NEW LOOK GROUP PLC LONG CFD 18/11/03 GNI SALE 10,000 3.2400
NEW LOOK GROUP PLC LONG CFD 17/11/03 GNI SALE 50,000 3.2900
NEW LOOK GROUP PLC LONG CFD 17/11/03 GNI SALE 50,000 3.2799
NEW LOOK GROUP PLC LONG CFD 17/11/03 GNI SALE 25,000 3.2500
NEW LOOK GROUP PLC LONG CFD 17/11/03 GNI SALE 10,000 3.2950
NEW LOOK GROUP PLC LONG CFD 17/11/03 GNI SALE 10,000 3.2800
NEW LOOK GROUP PLC LONG CFD 14/11/03 GNI SALE 3,500 3.2625
NEW LOOK GROUP PLC LONG CFD 14/11/03 GNI SALE 10,000 3.2725
NEW LOOK GROUP PLC LONG CFD 13/11/03 GNI SALE 102,400 3.3002
NEW LOOK GROUP PLC LONG CFD 12/11/03 GNI SALE 15,000 3.3250
NEW LOOK GROUP PLC LONG CFD 12/11/03 GNI SALE 50,000 3.3175
NEW LOOK GROUP PLC LONG CFD 11/11/03 GNI SALE 5,000 3.3125
NEW LOOK GROUP PLC LONG CFD 11/11/03 GNI SALE 5,000 3.3050
NEW LOOK GROUP PLC LONG CFD 10/11/03 GNI SALE 65,000 3.3250
NEW LOOK GROUP PLC LONG CFD 07/11/03 GNI SALE 20,000 3.3400
NEW LOOK GROUP PLC LONG CFD 07/11/03 GNI SALE 10,000 3.3350
NEW LOOK GROUP PLC LONG CFD 06/11/03 GNI SALE 50,000 3.3220
NEW LOOK GROUP PLC LONG CFD 05/11/03 GNI SALE 35,500 3.3285
NEW LOOK GROUP PLC LONG CFD 31/10/03 GNI SALE 20,000 3.3200
NEW LOOK GROUP PLC LONG CFD 30/10/03 GNI SALE 10,000 3.3200
NEW LOOK GROUP PLC LONG CFD 30/10/03 GNI SALE 2,500 3.3500
NEW LOOK GROUP PLC LONG CFD 29/10/03 GNI SALE 908,163 3.3100
NEW LOOK GROUP PLC LONG CFD 29/10/03 GNI SALE 10,000 3.3200
NEW LOOK GROUP PLC LONG CFD 28/10/03 GNI SALE 245,000 3.2984
NEW LOOK GROUP PLC LONG CFD 24/10/03 GNI SALE 25,000 3.2800
NEW LOOK GROUP PLC LONG CFD 23/10/03 GNI SALE 65,000 3.2438
NEW LOOK GROUP PLC LONG CFD 20/10/03 GNI SALE 5,000 3.2500
NEW LOOK GROUP PLC LONG CFD 17/10/03 GNI SALE 60,000 3.2700
NEW LOOK GROUP PLC LONG CFD 17/10/03 GNI SALE 5,000 3.2500
NEW LOOK GROUP PLC LONG CFD 16/10/03 GNI SALE 75,000 3.2683
NEW LOOK GROUP PLC LONG CFD 16/10/03 GNI SALE 50,000 3.2700
NEW LOOK GROUP PLC LONG CFD 15/10/03 GNI SALE 200,000 3.2500
NEW LOOK GROUP PLC LONG CFD 14/10/03 GNI SALE 5,000 3.2700
NEW LOOK GROUP PLC LONG CFD 13/10/03 GNI SALE 5,000 3.3033
NEW LOOK GROUP PLC LONG CFD 10/10/03 GNI SALE 375,000 3.1393
NEW LOOK GROUP PLC LONG CFD 06/10/03 GNI SALE 30,000 3.1550
NEW LOOK GROUP PLC LONG CFD 01/10/03 GNI SALE 28,000 3.1200
NEW LOOK GROUP PLC LONG CFD 19/09/03 GNI SALE 25,000 3.2600
NEW LOOK GROUP PLC LONG CFD 18/09/03 GNI SALE 75,000 3.2367
NEW LOOK GROUP PLC LONG CFD 15/09/03 GNI SALE 5,000 3.2800
NEW LOOK GROUP PLC LONG CFD 10/09/03 GNI SALE 5,000 3.1700
NEW LOOK GROUP PLC LONG CFD 09/09/03 GNI SALE 50,000 3.1600
NEW LOOK GROUP PLC LONG CFD 05/09/03 GNI SALE 25,000 3.1600
NEW LOOK GROUP PLC LONG CFD 02/09/03 GNI SALE 55,000 3.2000
NEW LOOK GROUP PLC LONG CFD 01/09/03 GNI SALE 20,000 3.2650
NEW LOOK GROUP PLC LONG CFD 29/08/03 GNI SALE 25,000 3.1000
NEW LOOK GROUP PLC LONG CFD 26/08/03 GNI SALE 10,000 3.0050
NEW LOOK GROUP PLC LONG CFD 22/08/03 GNI SALE 30,000 3.0200
NEW LOOK GROUP PLC LONG CFD 19/08/03 GNI SALE 50,000 3.0500
NEW LOOK GROUP PLC LONG CFD 11/08/03 GNI SALE 500,000 3.1600
NEW LOOK GROUP PLC LONG CFD 08/08/03 GNI SALE 70,882 3.1200
NEW LOOK GROUP PLC LONG CFD GNI SALE 250,000 3.1000
CFD OPEN INTEREST
PRODUCT NAME EXECUTED GNI SALE UNDERLYING PRICE
NO. (ppu)
NEW LOOK GROUP PLC SHORT CFD 13/01/04 GNI SALE 15,000 3.2100
This information is provided by RNS
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END
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