Rule 8.3- IDN telecom

Date : 01/16/2007 @ 12:02PM
Source : UK Regulatory (RNS and others)
Stock : Idn Telecom Plc (IDN)
Quote : 2.99  0.0 (0.00%) @ 1:00AM
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Rule 8.3- IDN telecom

RNS Number:6303P
Elitetele.com PLC
16 January 2007



                                    FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

                        (Rule 8.3 of the Takeover Code)


1. KEY INFORMATION

Name of person dealing (Note 1)                 Elitetele.com Plc & Matt Newing
                                                CEO of ElitetelecomPlc
Company dealt in                                IDN Telecom
Class of relevant security to which the         Ordinary Shares
dealings being disclosed relate (Note 2)

Date of dealing                                                     15.01.2007




2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                                                      Long             Short
                                               Number (%)          Number (%)
(1) Relevant
securities                                     13,500,000 3.50
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
                                       Total   13,500,000 3.50


(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

           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 3)

Class of relevant security:                                   Details






3. DEALINGS (Note 4)


(a) Purchases and sales

Purchase/sale    Number of securities          Price per unit (Note 5)
Sale                              13,500,000                          #0.02939



(b) Derivatives transactions (other than options)

Product      Long/short (Note   Number of securities (Note Price per unit (Note
name,        6)                 7)                         5)
e.g. CFD





(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product Writing,       Number of          Exercise Type, e.g.  Expiry Option
name,   selling,       securities to               American,          money
        purchasing,    which the option            European
        varying etc.   relates (Note 7)            etc.
e.g.                                      price                date   paid/
call                                                                  received
option                                                                per unit
                                                                      (Note 5)




(ii) Exercising

Product name, e.g. call       Number of           Exercise price per unit (Note
option                        securities          5)



(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)  Details  Price per unit (if applicable) (Note 5)
















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 8 attached? (Note 9) /NO



Date of disclosure                                                  16.01.2007

Contact name                                                      Matt Newing

Telephone number                                                  0870 990 8000

If a connected EFM, name of offeree/offeror with which connected
If a connected EFM, state nature of connection (Note 10)




Notes


The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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