RNS Number : 9243Z
Bear Stearns International Limited
25 July 2008
DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS
BUT NOT DEALING IN A CLIENT-SERVING CAPACITY
(Rule 38.5(b) of the Takeover Code)
1. KEY INFORMATION
Name of exempt principal trader
Bear, Stearns International Limited
Company dealt in Banco Santander SA
Class of relevant security to which the
dealings being disclosed relate (Note 1) Euro 0.50 Ordinary
Date of dealing
22 July 2008
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security
dealt in (Note 2)
Long Short
Number (%) Number (%)
(1) Relevant securities 442,173 (0.007%) 0
(2) Derivatives (other than options) *
(3) Options and agreements to purchase/sell *
Total 442,173 (0.007%) 0
* Bear Stearns has exposure to Banco Santander though an autocallable equity linked swap
(Eur 3.9m notional) and a worst of put on a
basket of stocks (Eur 25m notional). The payout for both derivatives is based partially on the
performance of Banco Santander as well as the
other shares in the products.
(b) Interests and short positions in relevant securities of the company, other than the
class dealt in (Note 2)
Class of relevant security: Long Short
Number (%) Number (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total
(c) Rights to subscribe (Note 2)
Class of relevant security: Details
3. DEALINGS (Note 3)
(a) Purchases and sales
Purchase/sale Number of securities Price per unit (Note 4)
S 26,850 11.58
(b) Derivatives transactions (other than options)
Product name, Long/short (Note 5) Number of securities Price per unit (Note 4)
e.g. CFD (Note 6)
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Product name, Writing, selling, Number of securities Exercise Type, e.g. American,
Expiry Option money
e.g. call purchasing, varying to which the option price European etc.
date paid/received per
option etc. relates (Note 6)
unit (Note 4)
(ii) Exercising
Product name, e.g. call option Number of securities Exercise price per unit (Note 4)
(d) Other dealings (including new securities) (Note 3)
Nature of transaction (Note 7) Details Price per unit (if applicable) (Note
4)
4. OTHER INFORMATION
Agreements, arrangements or understandings relating to options or derivatives
Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of any
relevant securities under any option referred to on this form or relating to
the voting rights or future acquisition or disposal of any relevant
securities to which any derivative referred to on this form is referenced. If
none, this should be stated.
Is a Supplemental Form 38.5(b) attached? (Note 8) YES/NO
Date of disclosure 25 July 2008
Contact name Robin Greenwood
Telephone number 020 7516 6625
Name of offeree/offeror with
which connected Alliance & Leicester Plc
Nature of connection (Note 9) JPMorgan Cazenove, an affiliate of Bear Stearns, is acting
as
the Corporate Broker to Alliance & Leicester Plc, Bear
Stearns is therefore an associate of Alliance & Leicester
Plc
for the purposes of the City Code on Takeovers and Mergers.
Notes
The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at
http://www.thetakeoverpanel.org.uk/
This information is provided by RNS
The company news service from the London Stock Exchange
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