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Name | Symbol | Market | Type |
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Citi Fun 24 | LSE:AH78 | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:6349Z Goldman Sachs International 10 June 2004 FORM 8.1/8.3 Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. Use a separate form for each class of securities in which dealings have been made. Date of Disclosure 10 June 2004 DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS AND MERGERS Date of dealing 9 June 2004 Dealing in (name of company) Marks & Spencer plc 1. Class of securities (eg ordinary shares) Ordinary Shares 2. Shares: Amount bought Shares: Amount sold Price per unit (GBP) 1,887 3.5975 6,407 3.6009 These transactions have taken place as a consequence of the closing out of the following pre-existing Contracts for Difference at the request of clients. The Panel executive has informed Goldman Sachs on an ex-parte basis that such transactions are permitted and have no Code consequences. 3. Resultant total of the same class owned or controlled (and percentage of class) Net position: short (62,544,249) (2.7705) (net) Long position: 2,825,917 0.1251% Short position: (65,370,166) (2.8956%) Goldman Sachs International - Contracts For Difference and SWAP positions PRODUCT DESCRIPTION OPENING PRICE EXPIRY EXPIRY DATE GSI POSITION LONG/SHORT OPENING MONTH AND YEAR DATE MARKS AND SPENCER CFD 2.81GBP MAY 17,14 -1,175,000 Short May 18, 04 MARKS AND SPENCER CFD 2.7875GBP MAY 23,14 -250,000 Short May 23, 04 MARKS AND SPENCER CFD 2.9475GBP MAY 26,14 -17,000 Short May 27, 04 MARKS AND SPENCER CFD 2.714039GBP NOV 17,13 -30,000 Short Nov 20, 03 MARKS AND SPENCER CFD 2.7958GBP MAR 14,14 -13,079 Short Mar 16, 04 MARKS AND SPENCER CFD 2.7931GBP MAY 05,14 -10,223 Short May 7, 04 MARKS AND SPENCER CFD 3.50649GBP MAY 27,14 9,500 Long May 27, 04 MARKS AND SPENCER CFD 2.832897GBP MAY 18,14 9,998 Long May 20, 04 MARKS AND SPENCER CFD 2.771997GBP MAY 22,14 16,802 Long May 24, 04 MARKS AND SPENCER CFD 2.854477GBP MAY 17,14 35,729 Long May 19, 04 MARKS AND SPENCER CFD 2.927087GBP MAY 25,14 33,614 Long May 27, 04 MARKS AND SPENCER CFD 2.805654GBP MAY 12,14 55,342 Long May 14, 04 MARKS AND SPENCER SWAP 25,000,000 Long CFD CLOSING PRODUCT DESCRIPTION OPENING EXPIRY EXPIRY QUANTITY BUY/ SELL OPENING CLOSING PRICE PRICE MONTH DATE AND DATE YEAR MARKS AND SPENCER CFD 2.927087GBP MAY 25,14 1,887 SELL May 19, 04 3.599297 GBP MARKS AND SPENCER CFD 2.7728GBP FEB 08,14 6,407 BUY Feb 10, 04 3.600920 GBP 4. Party making disclosure Goldman Sachs International 5. EITHER (a) Name of purchaser / vendor (Note 1) Goldman Sachs International 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) YES (ii) offeree company NO Specify which category or categories of associate (1-8 overleaf) 8 (investors in the consortium) 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) NO Signed, for and on behalf of the party named in (4) above Peter Highton (Also print name of signatory) Peter Highton Telephone and Extension number 0207-774-1935 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. 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. Email: monitoring@disclosure.org.uk A long CFD is a derivative instrument that provides its owner with a long economic interest in the shares underlying the CFD, so that the owner can realise a gain if the price of the underlying shares rises above the reference price of the CFD. A short CFD is a derivative instrument that provides its owner with a short economic interest in the shares underlying the CFD, so that the owner can realise a gain if the price of the underlying shares falls below the reference price of the CFD. DEFINITION OF ASSOCIATE It is not practicable to define associate in terms which would cover all the different relationships which may exist in an offer. The term associate is intended to cover all persons (whether or not acting in concert) who directly or indirectly own or deal in the shares of an offeror or the offeree company in an offer and who have (in addition to their normal interests as shareholders) an interest or potential interest, whether commercial, financial or personal, in the outcome of the offer. Without prejudice to the generality of the foregoing, the term associate will normally include the following:- (1) an offeror's or the offeree company's parent, subsidiaries and fellow subsidiaries, and their associated companies, and companies of which such companies are associated companies (for this purpose ownership or control of 20% or more of the equity share capital of a company is regarded as the test of associated company status); (2) banks and financial and other professional advisers (including stockbrokers)* to an offeror, the offeree company or any company covered in (1), including persons controlling#, controlled by or under the same control as such banks, financial and other professional advisers; (3) the directors (together with their close relatives and related trusts) of an offeror, the offeree company or any company covered in (1); (4) the pension funds of an offeror, the offeree company or any company covered in (1); (5) any investment company, unit trust or other person whose investments an associate manages on a discretionary basis, in respect of the relevant investment accounts; (6) a person who owns or controls 5% or more of any class of relevant securities (as defined in paragraphs (a) to (d) in Note 2 on Rule 8) issued by an offeror or an offeree company, including a person who as a result of any transaction owns or controls 5% or more. When two or more persons act pursuant to an agreement or understanding (formal or informal) to acquire or control such securities, they will be deemed to be a single person for the purpose of this paragraph. Such securities managed on a discretionary basis by an investment management group will, unless otherwise agreed by the Panel, also be deemed to be those of a single person (see Note 8 on Rule 8); and (7) a company having a material trading arrangement with an offeror or the offeree company. Paragraphs (1)-(7) are typical cases. Paragraph (8) below is a category to cover associate status not within (1)-(7). (8) Other. Notes * References to a "bank" do not apply to a bank whose sole relationship with a party to an offer is the provision of normal commercial banking services or such activities in connection with the offer as confirming that cash is available, handling acceptances and other registration work. References to "financial and other professional advisers (including stockbrokers)", in relation to a party to an offer, do not include an organisation which has stood down, because of a conflict of interest or otherwise, from acting for that party in connection with the offer. If the organisation is to have a continuing involvement with that party during the offer, the Panel must be consulted. Unless the Panel is satisfied that the involvement is entirely unconnected with the offer, the above exclusion will not normally apply. # The normal test for whether a person is controlled by, controls or is under the same control as another person will be by reference to the definition of control contained in the Code. There may be other circumstances which the Panel will regard as giving rise to such a relationship (eg where a majority of the equity share capital is owned by another person who does not have a majority of the voting rights); in cases of doubt, the Panel should be consulted. This information is provided by RNS The company news service from the London Stock Exchange END DCCSFUFESSLSEDM
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