Rule 8 - Compco Holdings Plc
03 Junho 2003 - 9:22AM
UK Regulatory
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 03/06/03.................
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 02/06/03
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
25,000 3.050
46,253 3.030
25,000 3.050
46,253 3.030
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) 2,809,604 shares * (7.52%)
(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 YES
Specify which category or categories of associate (1-8 overleaf) category 6
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: June 3, 2003
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 2,809,604 Compco Holdings PLC ordinary shares. 424,604 of these
shares are held to hedge Contract for Differences ("CFD") positions for clients and 2,385,000 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: 03-Jun-03
Compco Holdings PLC Cantor
Fitzgerald Underlying Number
ProductName DateExecuted Buy/Sell Of Shares Reference Price
Compco Holdings Plc, Long CFD May 15, 2003 SELL 115,000 298
Compco Holdings Plc, Long CFD May 22, 2003 SELL 109,604 310
Compco Holdings Plc, Long CFD May 23, 2003 SELL 200,000 310
424,604
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 4,000 251.25
17-Jun-03 February 12, 2003 Buy 30 234.5
No Expiry February 12, 2003 Sell 3,050 236.17
17-Jun-03 May 7, 2003 Sell 550 251.9
17-Jun-03 May 7, 2003 Sell 100 252
17-Jun-03 May 14, 2003 Sell 890 285.9
No Expiry May 15, 2003 Sell 250 298.89
No Expiry May 16, 2003 Sell 1,000 303.9
No Expiry May 16, 2003 Sell 500 302.906
No Expiry May 19, 2003 Sell 650 303.909
No Expiry May 19, 2003 Sell 1,200 303.909
No Expiry May 19, 2003 Sell 500 303.909
17-Jun-03 May 20, 2003 Sell 1,000 307.9
16-Sep-03 May 20, 2003 Sell 40 312.5
No Expiry May 20, 2003 Sell 2,500 303.909
No Expiry May 20, 2003 Sell 3,000 303.909
17-Jun-03 May 21, 2003 Sell 700 311.9
17-Jun-03 May 21, 2003 Sell 300 311.9
17-Jun-03 May 22, 2003 Sell 150 311.9
No Expiry May 22, 2003 Sell 1,900 310.93
No Expiry May 22, 2003 Sell 250 310.428
No Expiry May 23, 2003 Sell 150 310.93
06-Jun-03 May 23, 2003 Sell 200 310.6
No Expiry May 29, 2003 Sell 500 305.915
16-Sep-03 June 2, 2003 Sell 250 304.6
16-Sep-03 June 2, 2003 Sell 250 304.6
23,850
END
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