Rule 8.3 - Glencar Mining Plc

 
TIDMGEX 
 
 

  FORM 8.3 
 

  IRISH TAKEOVER PANEL 
 

  DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) 
 

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

  1. KEY INFORMATION 
 
Name of person dealing (Note 1)    Loeb Arbitrage Management, LLC 
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Company dealt in                   Glencar Mining Plc 
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Class of relevant security         ORD EUR 0.031 
to which the dealings 
being disclosed  relate (Note 2) 
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Date of dealing                    14 August 2009 
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  2. INTERESTS AND SHORT POSITIONS 
 

  (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) 
 
                                       Long              Short 
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                                       Number     (%)    Number  (%) 
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(1) Relevant securities                4,140,000  1.37%  0       0 
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(2) Derivatives (other than options)   0          0      0       0 
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(3) Options and agreements             0          0      0       0 
to purchase/sell 
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Total                                  4,140,000  1.37%  0       0 
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  (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 
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                                              Number  (%)  Number  (%) 
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(1) Relevant securities 
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(2) Derivatives (other than options) 
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(3) Options and agreements to purchase/sell 
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Total 
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  3. DEALINGS (Note 4) 
 

  (a) Purchases and sales 
 
Purchase/sale   Number of relevant securities  Price per unit (Note 5) 
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Purchase        225,000                        8.75 GBp 
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  (b) Derivatives transactions (other than options transactions) 
 
Product name,   Nature of transaction  Number of relevant  Price per unit 
e.g. CFD        (Note 6)               securities          (Note 5) 
                                       (Note 7) 
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  (c) Options transactions in respect of existing relevant securities 
 

  (i) Writing, selling, purchasing or varying 
 
Product     Writing,      Number      Exercise  Type,      Expiry  Option 
name,       selling,      of          price     e.g.       date    money 
e.g. call   purchasing,   securities            American,          paid/received 
option      varying etc.  to which              European           per 
                          the                   etc.               unit 
                          option                                   (Note 
                          relates                                  5) 
                          (Note 7) 
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  (ii) Exercising 
 
Product name, e.g. call option   Number of securities  Exercise price per 
                                                       unit (Note 5) 
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  (d) Other dealings (including transactions in respect of new securities) (Note 4) 
 
Nature of transaction (Note 8)   Details  Price per unit (if applicable) 
                                          (Note 5) 
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  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. 
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NONE 
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Is a Supplemental Form 8 attached? (Note 9)   NO 
 
 
Date of disclosure                                         17 August 2009 
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Contact name                                               Shelby Drescher 
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Telephone number                                           1-212-483-7070 
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If a connected EFM, name of offeree/offeror 
with which connected 
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If a connected EFM, state nature of connection (Note 10) 
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  The Notes on Form 8.3 can be viewed on the Panel's website at www.irishtakeoverpanel.ie.