Rule 8 - Compco Holdings Plc
08 Maio 2003 - 11:09AM
UK Regulatory
RNS Number:8635K
Cantor Fitzgerald Europe
08 May 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 08/05/03.................
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 07/05/03
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
10,000 2.500
200,000 2.530
10,000 2.770
5,000 2.650
6,500 2.400
6,500 2.700
100,000 2.800
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) 977,000 shares * (2.61%)
(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. .-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: May 8, 2003
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 977,000 Compco Holdings PLC
ordinary shares. 30,000 of these shares are held to hedge Contract for
Differences ("CFD") positions for clients and 945,000 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 Differences Date of Disclosure: 08-May-03
Compco Holdings PLC Cantor Reference
Fitzgerald Underlying Number Price
Product Name Date Executed Buy/Sell Of Shares (pence)
Compco Holdings Plc, Long April 4, 2003 Sell 30,000 220
CFD
30,000
CFDs Closed out
07-May-03 Open Date Open Price Close Price
Compco Holdings Plc, Long May 8, 2003 Sell 6,500 240 270
CFD
Spread Bets Cantor Reference
Compco Holdings PLC Fitzgerald Stake - # per Point Price
Expiry Date Date Executed Buy/Sell 1 Point = 1 pence (pence)
No Expiry January 9, 2003 Sell 5,000 251.25
17-Jun-03 February 12, 2003 Buy 30 234.5
No Expiry February 12, 2003 Sell 3,050 236.17
17-Jun-03 March 13, 2003 Sell 380 232.5
17-Jun-03 April 2, 2003 Sell 400 217.5
17-Jun-03 May 7, 2003 Sell 100 252
17-Jun-03 May 7, 2003 Sell 550 251.9
9,450
Spread Bets Closed out
07-May-03 Open Date Open Price Close Price
17-Jun-03 April 2, 2003 Sell 550 217.5 251.3
17-Jun-03 April 2, 2003 Sell 1,000 217.5 280.4
17-Jun-03 April 2, 2003 Sell 100 217.5 277.4
No Expiry April 22, 2003 Sell 2,000 219.59 253
16-May-03 May 6, 2003 Sell 15 237.59 271.4
16-May-03 May 6, 2003 Sell 20 227.35 271.4
16-May-03 May 6, 2003 Sell 5 237.59 271.4
16-May-03 May 6, 2003 Sell 10 227.35 271.4
This information is provided by RNS
The company news service from the London Stock Exchange
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