RNS Number:5238U
GNI Limited
22 January 2004
Date of Disclosure 22/01/04
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 21/01/04
Dealing in NEW LOOK GROUP PLC (name of company)
1) Class of securities (eg ordinary shares) ORDINARY SHARES
2) Amount bought Amount sold Price per unit
19494 3.2695
3600 3.2675
450 3.2700
3) Resultant total of the same class owned or controlled
(and percentage of class) 6,548,001 (3.26%)
4) Party making disclosure GNI LIMITED
5) EITHER (a) Name of purchaser/vendor (Note 1) GNI LIMITED
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 N/A
(Also print name of signatory) NIGEL AVEY
Telephone and extension number 020 700 23140
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 which 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
relevant information can be given.
Note 6. In the case of an average price bargain, each underlying trade
should be disclosed.
Note 7. The resultant total percentage holding of the class of relevant
security is to be calculated by reference to the percentage held and
in issue outside treasury.
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
NOTES REGARDING DISCLOSURE
GNI Limited is the beneficial owner of 6,548,001 Ordinary Shares in the above
Company which are held to hedge CFD positions resulting from CFD contracts (see
below) established between GNI and its clients.
A Contract for Difference or CFD is an agreement between two parties to
exchange, at the close of the contract, the difference between the opening price
and the closing price, multiplied by the number of reference shares specified
within the contract. The 'reference shares' are the underlying shares specified
in the CFD. The economic performance of the CFD is determined by the performance
of the underlying reference shares. Although CFDs replicate the price movement
of the underlying reference shares, they convey no right or requirement to
acquire or deliver the physical shares.
The contract value of a CFD is defined as the number of reference shares
specified in the contract, multiplied by the price of the underlying reference
share. If a client of GNI takes a long position, the customer will make a profit
if the contract value increases. Conversely, if a customer of GNI takes a short
position, the customer will benefit if the contract value falls. The CFD
contracts detailed below are open-ended and without predetermined expiry/close
value.
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 offerer 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 offerer'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 offerer, 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
offerer, the offeree company or any company covered in (1);
(4) the pension funds of an offerer, 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 offerer
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 offerer or the
offeree company,
Paragraphs (1)-(7) are typical cases. Paragraph (B) below is a category to cover
associate status not within (1)-(7).
(8) Other.
CFDs CLOSED OUT
POS.OPENED ORIG. POSITION OPEN PRICE CLOSE PRICE DATE CLOSED
29/10/03 -450 3.3100 3.2700 21/01/04
CFD OPEN INTEREST
UNDERLYING
PRODUCT NAME EXECUTED GNI SALE NO.SHR'S PRICE (ppu)
New Look Group PLC LONG CFD 21/01/04 GNI SALE 19,494 3.2695
New Look Group PLC LONG CFD 21/01/04 GNI SALE 3,600 3.2675
New Look Group PLC LONG CFD 19/01/04 GNI SALE 15,000 3.2700
New Look Group PLC LONG CFD 16/01/04 GNI SALE 10,000 3.2900
New Look Group PLC LONG CFD 16/01/04 GNI SALE 10,000 3.2580
New Look Group PLC LONG CFD 16/01/04 GNI SALE 15,000 3.2600
New Look Group PLC LONG CFD 16/01/04 GNI SALE 15,000 3.2896
New Look Group PLC LONG CFD 16/01/04 GNI SALE 199,300 3.2796
New Look Group PLC LONG CFD 16/01/04 GNI SALE 5,000 3.2600
New Look Group PLC LONG CFD 15/01/04 GNI SALE 25,000 3.2696
New Look Group PLC LONG CFD 15/01/04 GNI SALE 18,000 3.2778
New Look Group PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2483
New Look Group PLC LONG CFD 14/01/04 GNI SALE 25,000 3.2500
New Look Group PLC LONG CFD 14/01/04 GNI SALE 5,000 3.2200
New Look Group PLC LONG CFD 14/01/04 GNI SALE 9,500 3.2400
New Look Group PLC LONG CFD 14/01/04 GNI SALE 25,000 3.2497
New Look Group PLC LONG CFD 14/01/04 GNI SALE 25,000 3.2499
New Look Group PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2395
New Look Group PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2497
New Look Group PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2500
New Look Group PLC LONG CFD 14/01/04 GNI SALE 100,000 3.2490
New Look Group PLC LONG CFD 14/01/04 GNI SALE 50,000 3.2000
New Look Group PLC LONG CFD 13/01/04 GNI SALE 2,700 3.2000
New Look Group PLC LONG CFD 13/01/04 GNI SALE 10,000 3.2000
New Look Group PLC LONG CFD 13/01/04 GNI SALE 7,400 3.2270
New Look Group PLC LONG CFD 13/01/04 GNI SALE 7,300 3.2000
New Look Group PLC LONG CFD 13/01/04 GNI SALE 5,000 3.2300
New Look Group PLC LONG CFD 13/01/04 GNI SALE 5,000 3.2200
New Look Group PLC LONG CFD 13/01/04 GNI SALE 5,000 3.2000
New Look Group PLC LONG CFD 13/01/04 GNI SALE 15,000 3.2000
New Look Group PLC LONG CFD 13/01/04 GNI SALE 2,200 3.2200
New Look Group PLC LONG CFD 13/01/04 GNI SALE 20,000 3.2349
New Look Group PLC LONG CFD 13/01/04 GNI SALE 5,000 3.2100
New Look Group PLC LONG CFD 13/01/04 GNI SALE 50,000 3.2300
New Look Group PLC LONG CFD 13/01/04 GNI SALE 11,363 3.2300
New Look Group PLC LONG CFD 13/01/04 GNI SALE 50,000 3.2400
New Look Group PLC LONG CFD 13/01/04 GNI SALE 50,000 3.1950
New Look Group PLC LONG CFD 13/01/04 GNI SALE 50,000 3.1946
New Look Group PLC LONG CFD 13/01/04 GNI SALE 45,000 3.2112
New Look Group PLC LONG CFD 13/01/04 GNI SALE 34,850 3.2277
New Look Group PLC LONG CFD 13/01/04 GNI SALE 26,000 3.2299
New Look Group PLC LONG CFD 13/01/04 GNI SALE 25,000 3.2000
New Look Group PLC LONG CFD 13/01/04 GNI SALE 25,000 3.1800
New Look Group PLC LONG CFD 12/01/04 GNI SALE 25,000 3.1300
New Look Group PLC LONG CFD 12/01/04 GNI SALE 100,000 3.1333
New Look Group PLC LONG CFD 19/12/03 GNI SALE 15,000 3.0500
New Look Group PLC LONG CFD 15/12/03 GNI SALE 15,000 3.1325
New Look Group PLC LONG CFD 15/12/03 GNI SALE 10,000 3.1350
New Look Group PLC LONG CFD 10/12/03 GNI SALE 50,000 3.1799
New Look Group PLC LONG CFD 10/12/03 GNI SALE 10,000 3.1765
New Look Group PLC LONG CFD 10/12/03 GNI SALE 5,000 3.1765
New Look Group PLC LONG CFD 10/12/03 GNI SALE 5,000 3.1850
New Look Group PLC LONG CFD 10/12/03 GNI SALE 5,000 3.1300
New Look Group PLC LONG CFD 10/12/03 GNI SALE 10,000 3.1600
New Look Group PLC LONG CFD 10/12/03 GNI SALE 10,000 3.1765
New Look Group PLC LONG CFD 10/12/03 GNI SALE 17,500 3.1600
New Look Group PLC LONG CFD 10/12/03 GNI SALE 25,000 3.1500
New Look Group PLC LONG CFD 10/12/03 GNI SALE 50,000 3.1725
New Look Group PLC LONG CFD 10/12/03 GNI SALE 25,000 3.1600
New Look Group PLC LONG CFD 25/11/03 GNI SALE 5,000 3.1200
New Look Group PLC LONG CFD 24/11/03 GNI SALE 10,000 3.1000
New Look Group PLC LONG CFD 24/11/03 GNI SALE 2,000 3.0325
New Look Group PLC LONG CFD 21/11/03 GNI SALE 25,000 3.1400
New Look Group PLC LONG CFD 21/11/03 GNI SALE 20,000 3.1375
New Look Group PLC LONG CFD 21/11/03 GNI SALE 10,000 3.1400
New Look Group PLC LONG CFD 21/11/03 GNI SALE 10,000 3.1450
New Look Group PLC LONG CFD 21/11/03 GNI SALE 15,000 3.1450
New Look Group PLC LONG CFD 21/11/03 GNI SALE 20,000 3.1400
New Look Group PLC LONG CFD 21/11/03 GNI SALE 25,000 3.1350
New Look Group PLC LONG CFD 21/11/03 GNI SALE 45,000 3.1400
New Look Group PLC LONG CFD 21/11/03 GNI SALE 49,234 3.1400
New Look Group PLC LONG CFD 21/11/03 GNI SALE 90,000 3.1364
New Look Group PLC LONG CFD 20/11/03 GNI SALE 20,000 3.1600
New Look Group PLC LONG CFD 20/11/03 GNI SALE 5,000 3.1925
New Look Group PLC LONG CFD 20/11/03 GNI SALE 10,000 3.1625
New Look Group PLC LONG CFD 20/11/03 GNI SALE 10,000 3.1800
New Look Group PLC LONG CFD 20/11/03 GNI SALE 10,000 3.1950
New Look Group PLC LONG CFD 20/11/03 GNI SALE 20,000 3.1475
New Look Group PLC LONG CFD 20/11/03 GNI SALE 514,300 3.1685
New Look Group PLC LONG CFD 20/11/03 GNI SALE 10,000 3.2000
New Look Group PLC LONG CFD 19/11/03 GNI SALE 10,000 3.1650
New Look Group PLC LONG CFD 19/11/03 GNI SALE 10,000 3.1700
New Look Group PLC LONG CFD 18/11/03 GNI SALE 10,000 3.2400
New Look Group PLC LONG CFD 18/11/03 GNI SALE 10,000 3.2200
New Look Group PLC LONG CFD 17/11/03 GNI SALE 50,000 3.2900
New Look Group PLC LONG CFD 17/11/03 GNI SALE 50,000 3.2799
New Look Group PLC LONG CFD 17/11/03 GNI SALE 25,000 3.2500
New Look Group PLC LONG CFD 17/11/03 GNI SALE 10,000 3.2950
New Look Group PLC LONG CFD 17/11/03 GNI SALE 10,000 3.2800
New Look Group PLC LONG CFD 14/11/03 GNI SALE 10,000 3.2725
New Look Group PLC LONG CFD 14/11/03 GNI SALE 3,500 3.2625
New Look Group PLC LONG CFD 13/11/03 GNI SALE 102,400 3.3002
New Look Group PLC LONG CFD 12/11/03 GNI SALE 50,000 3.3175
New Look Group PLC LONG CFD 12/11/03 GNI SALE 15,000 3.3250
New Look Group PLC LONG CFD 11/11/03 GNI SALE 5,000 3.3125
New Look Group PLC LONG CFD 11/11/03 GNI SALE 5,000 3.3050
New Look Group PLC LONG CFD 10/11/03 GNI SALE 65,000 3.3250
New Look Group PLC LONG CFD 07/11/03 GNI SALE 10,000 3.3350
New Look Group PLC LONG CFD 07/11/03 GNI SALE 20,000 3.3400
New Look Group PLC LONG CFD 06/11/03 GNI SALE 50,000 3.3220
New Look Group PLC LONG CFD 05/11/03 GNI SALE 35,500 3.3285
New Look Group PLC LONG CFD 31/10/03 GNI SALE 20,000 3.3200
New Look Group PLC LONG CFD 30/10/03 GNI SALE 10,000 3.3200
New Look Group PLC LONG CFD 30/10/03 GNI SALE 2,500 3.3500
New Look Group PLC LONG CFD 29/10/03 GNI SALE 807,358 3.3100
New Look Group PLC LONG CFD 29/10/03 GNI SALE 10,000 3.3200
New Look Group PLC LONG CFD 28/10/03 GNI SALE 245,000 3.2984
New Look Group PLC LONG CFD 24/10/03 GNI SALE 25,000 3.2800
New Look Group PLC LONG CFD 23/10/03 GNI SALE 65,000 3.2438
New Look Group PLC LONG CFD 20/10/03 GNI SALE 5,000 3.2500
New Look Group PLC LONG CFD 17/10/03 GNI SALE 60,000 3.2700
New Look Group PLC LONG CFD 16/10/03 GNI SALE 75,000 3.2683
New Look Group PLC LONG CFD 16/10/03 GNI SALE 50,000 3.2700
New Look Group PLC LONG CFD 15/10/03 GNI SALE 200,000 3.2500
New Look Group PLC LONG CFD 14/10/03 GNI SALE 5,000 3.2700
New Look Group PLC LONG CFD 13/10/03 GNI SALE 5,000 3.3033
New Look Group PLC LONG CFD 10/10/03 GNI SALE 375,000 3.1393
New Look Group PLC LONG CFD 06/10/03 GNI SALE 30,000 3.1550
New Look Group PLC LONG CFD 01/10/03 GNI SALE 28,000 3.1200
New Look Group PLC LONG CFD 19/09/03 GNI SALE 25,000 3.2600
New Look Group PLC LONG CFD 18/09/03 GNI SALE 75,000 3.2367
New Look Group PLC LONG CFD 15/09/03 GNI SALE 5,000 3.2800
New Look Group PLC LONG CFD 10/09/03 GNI SALE 5,000 3.1700
New Look Group PLC LONG CFD 09/09/03 GNI SALE 50,000 3.1600
New Look Group PLC LONG CFD 05/09/03 GNI SALE 25,000 3.1600
New Look Group PLC LONG CFD 02/09/03 GNI SALE 55,000 3.2000
New Look Group PLC LONG CFD 01/09/03 GNI SALE 20,000 3.2650
New Look Group PLC LONG CFD 29/08/03 GNI SALE 25,000 3.1000
New Look Group PLC LONG CFD 26/08/03 GNI SALE 10,000 3.0050
New Look Group PLC LONG CFD 22/08/03 GNI SALE 30,000 3.0200
New Look Group PLC LONG CFD 19/08/03 GNI SALE 50,000 3.0500
New Look Group PLC LONG CFD 11/08/03 GNI SALE 419,002 3.1600
New Look Group PLC LONG CFD GNI SALE 250,000 3.1000
CFD OPEN INTEREST
UNDERLYING
PRODUCT NAME EXECUTED GNI SALE NO.SHR'S PRICE (ppu)
New Look Group PLC LONG CFD 13/01/04 GNI SALE 15,000 3.2100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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