RNS Number:3251U
Cantor Fitzgerald Europe
16 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
16/01/04......................................................
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON
TAKEOVERS AND MERGERS
Date of dealing
15/01/04...............................................................
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
64,000 3.275
2,009 3.265
7,991 3.265
18,100 3.285
5,900 3.285
12,450 3.285
12,500 3.285
12,500 3.285
50 3.285
12,500 3.285
12,500 3.285
11,050 3.285
12,500 3.285
10,000 3.285
30,000 3.280
20,000 3.280
3,950 3.2825
5,000 3.280
40,000 3.280
5,000 3.280
20,000 3.285
2,782 3.290
12,218 3.290
5,000 3.290
200,000 3.28245
88,000 3.27773
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)
3,488,792 * 1.74%
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 16, 2004
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 3,488,792 New Look Group
PLC ordinary shares. 2,450,000 of these shares are held to hedge Contract for
Differences ("CFD") positions for clients and 1,030,400 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 16-Jan-04
Differences Date:
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 1, Sell 100,000 314
Group Plc, 2003
Long CFD
New Look October 1, Sell 100,000 315
Group Plc, 2003
Long CFD
New Look October Sell 50,000 333
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 2, Sell 250,000 310
Group Plc, 2004
Long CFD
New Look January 5, Sell 100,000 309.75
Group Plc, 2004
Long CFD
New Look January 6, Sell 100,000 313
Group Plc, 2004
Long CFD
New Look January Sell 20,000 321
Group Plc, 14, 2004
Long CFD
New Look January Sell 250,000 323
Group Plc, 14, 2004
Long CFD
New Look January Sell 100,000 325
Group Plc, 14, 2004
Long CFD
New Look January Sell 150,000 324.98
Group Plc, 14, 2004
Long CFD
New Look January Sell 100,000 324.98
Group Plc, 14, 2004
Long CFD
New Look January Sell 20,000 328.5
Group Plc, 15, 2004
Long CFD
2,450,000
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 50 312.5
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 260 311.2
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
16-Mar-04 January Sell 50 329.3
14, 2004
16-Mar-04 January Sell 3,000 328.9
14, 2004
23-Jan-04 January Sell 200 330
15, 2004
10,304
Spread Bets
Closed out
15-Jan-04 Open Date Open Price Close
Price
16-Mar-04 November Sell 100 312.5 327.6
24, 2003
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