Rule 8 - New Look Group Plc
22 January 2004 - 10:18PM
UK Regulatory
RNS Number:5213U
Cantor Fitzgerald Europe
22 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
22/01/04......................................................
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS
Date of dealing
21/01/04...............................................................
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
11,550 3.270
450 3.270
446 3.270
8,000 3.270
446 3.270
19,554 3.270
5,000 3.270
5,000 3.270
19,554 3.270
446 3.270
12,000 3.271635
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)
3,179,438 * 1.58%
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 22, 2004
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 3,179,438 New Look Group PLC
ordinary shares. 2,475,000 of these shares are held to hedge Contract for
Differences ("CFD") positions for clients and 701,300 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 22-Jan-04
Differences Date:
New Look Group Cantor Reference
Plc Fitzgerald Underlying Price
Number
Product Name Date Buy/Sell Of Shares (pence)
Executed
New Look Group August 8, Sell 200,000 312
Plc, Long CFD 2003
New Look Group August 8, Sell 250,000 312
Plc, Long CFD 2003
New Look Group October 1, Sell 100,000 314
Plc, Long CFD 2003
New Look Group October 1, Sell 100,000 315
Plc, Long CFD 2003
New Look Group December Sell 100,000 315
Plc, Long CFD 10, 2003
New Look Group December Sell 250,000 302.75
Plc, Long CFD 23, 2003
New Look Group December Sell 200,000 303
Plc, Long CFD 24, 2003
New Look Group December Sell 100,000 307.5
Plc, Long CFD 30, 2003
New Look Group January 2, Sell 250,000 310
Plc, Long CFD 2004
New Look Group January 5, Sell 100,000 309.75
Plc, Long CFD 2004
New Look Group January 6, Sell 100,000 313
Plc, Long CFD 2004
New Look Group January 14, Sell 20,000 321
Plc, Long CFD 2004
New Look Group January 14, Sell 250,000 323
Plc, Long CFD 2004
New Look Group January 14, Sell 100,000 325
Plc, Long CFD 2004
New Look Group January 14, Sell 150,000 324.98
Plc, Long CFD 2004
New Look Group January 14, Sell 100,000 324.98
Plc, Long CFD 2004
New Look Group January 15, Sell 20,000 328.5
Plc, Long CFD 2004
New Look Group January 16, Sell 25,000 326
Plc, Long CFD 2004
New Look Group January 16, Sell 10,000 327.89
Plc, Long CFD 2004
New Look Group January 16, Sell 25,000 326
Plc, Long CFD 2004
New Look Group January 16, Sell 10,000 328.5
Plc, Long CFD 2004
New Look Group January 16, Sell 5,000 327.5
Plc, Long CFD 2004
New Look Group January 19, Sell 8,479 326
Plc, Long CFD 2004
New Look Group January 20, Sell 1,521 326
Plc, Long CFD 2004
2,475,000
Spread Bets Cantor Reference
New Look Group Fitzgerald Stake - # Price
Plc per Point
Expiry Date Date Buy/Sell 1 Point = 1 (pence)
Executed 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 5, Sell 150 313.8
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 2,958 312
16, 2003
16-Mar-04 December Sell 830 313
16, 2003
16-Mar-04 January 14, Sell 50 329.3
2004
23-Jan-04 January 15, Sell 200 330
2004
23-Jan-04 January 16, Sell 25 329.3
2004
16-Mar-04 January 16, Sell 100 329.9
2004
16-Mar-04 January 21, Sell 584 330
2004
7,013
This information is provided by RNS
The company news service from the London Stock Exchange
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