Rule 8 - Compco Holdings Plc
June 17 2003 - 8:42AM
UK Regulatory
RNS Number:4212M
Cantor Fitzgerald Europe
17 June 2003
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.
Date of disclosure 17/06/03.................
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 16/06/03
Dealing in Compco Holdings Plc................(name of company)
(1) Class of securities (eg ordinary shares) ordinary shares.........
(2) Amount bought Amount sold Price per unit
1,000,000 3.8875
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) 26,000 shares* (0.06%)
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) Simon Rogers...................
Telephone and extension number 020 7894 7854..............................
______________________________________
*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. .-see attached
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
Date of Disclosure: June 17, 2003
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 26,000 Compco Holdings PLC
ordinary shares. 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
Date of Disclosure: 17-Jun-03
Spread Bets Cantor Reference
Compco Holdings PLC Fitzgerald Stake - # per Point Price
Expiry Date Date Executed Buy/Sell 1 Point = 1 pence (pence)
17-Jun-03 May 22, 2003 Sell 150 311.9
16-Sep-03 June 2, 2003 Sell 100 304.6
16-Sep-03 May 20, 2003 Sell 40 312.5
16-Sep-03 June 10, 2003 Sell 100 310.4
390
Spread Bets Closed out
16-Jun-03 Open Date Open Price Close Price
No Expiry May 19, 2003 Sell 1,100 303.909 388.75
No Expiry May 20, 2003 Sell 2,500 303.909 388.75
No Expiry May 20, 2003 Sell 3,000 303.909 388.75
No Expiry May 22, 2003 Sell 1,900 310.93 388.75
No Expiry May 22, 2003 Sell 250 310.428 388.75
No Expiry May 23, 2003 Sell 150 310.93 388.75
No Expiry May 29, 2003 Sell 500 305.915 388.75
No Expiry June 3, 2003 Sell 600 305.915 388.75
This information is provided by RNS
The company news service from the London Stock Exchange
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