RNS Number:3747U
GNI Limited
19 January 2004
Date Of Disclosure: 19/01/04
Fax to 020 7256 9386 (Take Over Panel) and 020 7588 6057 (RNS) 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.
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE
ON TAKEOVERS AND MERGERS
Date of dealing 16/01/04
(1) Name of Company Dealing in New Look Group PLC
Class of securities ORDINARY SHARES
(2) Amount Bought Amount Sold Price Per Unit
199300 3.2796
100000 3.2500
25000 3.2600
22500 3.2600
20000 3.2600
14330 3.2600
12500 3.2600
10000 3.2850
10000 3.2650
10000 3.2600
8,588 3.2750
6,250 3.2600
6,250 3.2900
6,250 3.2600
6,000 3.2900
5,000 3.2600
5,000 3.2750
5,000 3.2650
5,000 3.2650
4,100 3.2550
3,750 3.2900
3,317 3.2600
2,600 3.2875
2,583 3.2600
2,500 3.2600
2,500 3.2900
1,600 3.2900
1,500 3.2900
1,412 3.2750
8,00 3.2900
6,70 3.2600
3,55 3.2750
(3) Resultant total of the same class owned or controlled and
percentage of class 6,662,237 3.32%
(4) Party making disclosure GNI LIMITED
(5) Name of purchaser/vendor (Note1) GNI LIMITED
(6) Reason for disclosure (Note 2)
(a) Associate of (i) offeror (Note 3) - NO
(i) offeree Company - NO
Specify which category or categories of associate (1-8 overleaf)
If category (8), explain
(b) Rule 8.3 (i.e. 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 NIGEL AVEY
Telephone and extension number 020-700-23140
Note1. Specify owner, not nominee or vehicle company. If relevant,
also identify controller of owner, e.g. 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. E-mail:monitoring@disclosure.org.uk
NOTES REGARDING DISCLOSURE
GNI Ltd is the beneficial owner of 6,662,237 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 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
CFDs CLOSED OUT
POS. OPENED ORIG. OPEN PRICE CLOSE DATE CLOSED
POSITION PRICE
29/10/03 -100000 3.3100 3.2500 16/01/04
29/10/03 -355 3.3100 3.2750 16/01/04
13/01/04 -100000 3.1951 3.2626 16/01/04
14/01/04 -35000 3.2000 3.2626 16/01/04
14/01/04 -15000 3.2000 3.2750 16/01/04
CFD OPEN INTEREST
PRODUCT NAME EXECUTED GNI SALE UNDERLYING PRICE
No (ppu)
New Look Group PLC 16/01/04 GNI SALE 199,300 3.2796
LONG CFD
New Look Group PLC LONG 16/01/04 GNI SALE 15,000 3.2896
CFD
New Look Group PLC LONG 16/01/04 GNI SALE 15,000 3.2600
CFD
New Look Group PLC LONG 16/01/04 GNI SALE 10,000 3.2900
CFD
New Look Group PLC LONG 16/01/04 GNI SALE 10,000 3.2580
CFD
New Look Group PLC LONG 16/01/04 GNI SALE 5,000 3.2600
CFD
New Look Group PLC LONG 15/01/04 GNI SALE 25,000 3.2696
CFD
New Look Group PLC LONG 15/01/04 GNI SALE 18,000 3.2778
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 50,000 3.2395
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 5,000 3.2200
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 9,500 3.2400
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 25,000 3.2497
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 25,000 3.2499
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 50,000 3.2000
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 50,000 3.2483
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 50,000 3.2497
CFD
New Look Group PLC LONG 14/01/04 GNI SALE 50,000 3.2500
CFD
New Look Group PLC 14/01/04 GNI SALE 100,000 3.2490
LONG CFD
New Look Group PLC LONG 14/01/04 GNI SALE 25,000 3.2500
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 11,363 3.2300
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 15,000 3.2000
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 2,200 3.2200
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 2,700 3.2000
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 5,000 3.2000
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 5,000 3.2100
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 5,000 3.2200
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 5,000 3.2300
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 7,300 3.2000
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 10,000 3.2000
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 50,000 3.2300
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 7,400 3.2270
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 20,000 3.2349
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 50,000 3.2400
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 50,000 3.1950
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 50,000 3.1946
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 45,000 3.2112
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 34,850 3.2277
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 26,000 3.2299
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 25,000 3.2000
CFD
New Look Group PLC LONG 13/01/04 GNI SALE 25,000 3.1800
CFD
New Look Group PLC LONG 12/01/04 GNI SALE 25,000 3.1300
CFD
New Look Group PLC 12/01/04 GNI SALE 100,000 3.1333
LONG CFD
New Look Group PLC LONG 19/12/03 GNI SALE 15,000 3.0500
CFD
New Look Group PLC LONG 15/12/03 GNI SALE 10,000 3.1350
CFD
New Look Group PLC LONG 15/12/03 GNI SALE 15,000 3.1325
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 5,000 3.1765
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 10,000 3.1765
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 5,000 3.1300
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 5,000 3.1850
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 10,000 3.1600
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 10,000 3.1765
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 17,500 3.1600
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 25,000 3.1500
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 25,000 3.1600
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 50,000 3.1799
CFD
New Look Group PLC LONG 10/12/03 GNI SALE 50,000 3.1725
CFD
New Look Group PLC LONG 25/11/03 GNI SALE 5,000 3.1200
CFD
New Look Group PLC LONG 24/11/03 GNI SALE 10,000 3.1000
CFD
New Look Group PLC LONG 24/11/03 GNI SALE 2,000 3.0325
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 25,000 3.1350
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 20,000 3.1400
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 10,000 3.1400
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 10,000 3.1450
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 20,000 3.1375
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 15,000 3.1450
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 45,000 3.1400
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 25,000 3.1400
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 49,234 3.1400
CFD
New Look Group PLC LONG 21/11/03 GNI SALE 90,000 3.1364
CFD
New Look Group PLC LONG 20/11/03 GNI SALE 20,000 3.1600
CFD
New Look Group PLC LONG 20/11/03 GNI SALE 5,000 3.1925
CFD
New Look Group PLC LONG 20/11/03 GNI SALE 10,000 3.1625
CFD
New Look Group PLC LONG 20/11/03 GNI SALE 10,000 3.1800
CFD
New Look Group PLC LONG 20/11/03 GNI SALE 10,000 3.1950
CFD
New Look Group PLC LONG 20/11/03 GNI SALE 20,000 3.1475
CFD
New Look Group PLC 20/11/03 GNI SALE 514,300 3.1685
LONG CFD
New Look Group PLC LONG 20/11/03 GNI SALE 10,000 3.2000
CFD
New Look Group PLC LONG 19/11/03 GNI SALE 10,000 3.1700
CFD
New Look Group PLC LONG 19/11/03 GNI SALE 10,000 3.1650
CFD
New Look Group PLC LONG 18/11/03 GNI SALE 10,000 3.2200
CFD
New Look Group PLC LONG 18/11/03 GNI SALE 10,000 3.2400
CFD
New Look Group PLC LONG 17/11/03 GNI SALE 50,000 3.2900
CFD
New Look Group PLC LONG 17/11/03 GNI SALE 50,000 3.2799
CFD
New Look Group PLC LONG 17/11/03 GNI SALE 25,000 3.2500
CFD
New Look Group PLC LONG 17/11/03 GNI SALE 10,000 3.2950
CFD
New Look Group PLC LONG 17/11/03 GNI SALE 10,000 3.2800
CFD
New Look Group PLC LONG 14/11/03 GNI SALE 3,500 3.2625
CFD
New Look Group PLC LONG 14/11/03 GNI SALE 10,000 3.2725
CFD
New Look Group PLC 13/11/03 GNI SALE 102,400 3.3002
LONG CFD
New Look Group PLC LONG 12/11/03 GNI SALE 15,000 3.3250
CFD
New Look Group PLC LONG 12/11/03 GNI SALE 50,000 3.3175
CFD
New Look Group PLC LONG 11/11/03 GNI SALE 5,000 3.3125
CFD
New Look Group PLC LONG 11/11/03 GNI SALE 5,000 3.3050
CFD
New Look Group PLC LONG 10/11/03 GNI SALE 65,000 3.3250
CFD
New Look Group PLC LONG 07/11/03 GNI SALE 20,000 3.3400
CFD
New Look Group PLC LONG 07/11/03 GNI SALE 10,000 3.3350
CFD
New Look Group PLC LONG 06/11/03 GNI SALE 50,000 3.3220
CFD
New Look Group PLC LONG 05/11/03 GNI SALE 35,500 3.3285
CFD
New Look Group PLC LONG 31/10/03 GNI SALE 20,000 3.3200
CFD
New Look Group PLC LONG 30/10/03 GNI SALE 10,000 3.3200
CFD
New Look Group PLC LONG 30/10/03 GNI SALE 2,500 3.3500
CFD
New Look Group PLC 29/10/03 GNI SALE 807,808 3.3100
LONG CFD
New Look Group PLC LONG 29/10/03 GNI SALE 10,000 3.3200
CFD
New Look Group PLC 28/10/03 GNI SALE 245,000 3.2984
LONG CFD
New Look Group PLC LONG 24/10/03 GNI SALE 25,000 3.2800
CFD
New Look Group PLC LONG 23/10/03 GNI SALE 65,000 3.2438
CFD
New Look Group PLC LONG 20/10/03 GNI SALE 5,000 3.2500
CFD
New Look Group PLC LONG 17/10/03 GNI SALE 60,000 3.2700
CFD
New Look Group PLC LONG 16/10/03 GNI SALE 75,000 3.2683
CFD
New Look Group PLC LONG 16/10/03 GNI SALE 50,000 3.2700
CFD
New Look Group PLC 15/10/03 GNI SALE 200,000 3.2500
LONG CFD
New Look Group PLC LONG 14/10/03 GNI SALE 5,000 3.2700
CFD
New Look Group PLC LONG 13/10/03 GNI SALE 5,000 3.3033
CFD
New Look Group PLC 10/10/03 GNI SALE 375,000 3.1393
LONG CFD
New Look Group PLC LONG 06/10/03 GNI SALE 30,000 3.1550
CFD
New Look Group PLC LONG 01/10/03 GNI SALE 28,000 3.1200
CFD
New Look Group PLC LONG 19/09/03 GNI SALE 25,000 3.2600
CFD
New Look Group PLC LONG 18/09/03 GNI SALE 75,000 3.2367
CFD
New Look Group PLC LONG 15/09/03 GNI SALE 5,000 3.2800
CFD
New Look Group PLC LONG 10/09/03 GNI SALE 5,000 3.1700
CFD
New Look Group PLC LONG 09/09/03 GNI SALE 50,000 3.1600
CFD
New Look Group PLC LONG 05/09/03 GNI SALE 25,000 3.1600
CFD
New Look Group PLC LONG 02/09/03 GNI SALE 55,000 3.2000
CFD
New Look Group PLC LONG 01/09/03 GNI SALE 20,000 3.2650
CFD
New Look Group PLC LONG 29/08/03 GNI SALE 25,000 3.1000
CFD
New Look Group PLC LONG 26/08/03 GNI SALE 10,000 3.0050
CFD
New Look Group PLC LONG 22/08/03 GNI SALE 30,000 3.0200
CFD
New Look Group PLC LONG 19/08/03 GNI SALE 50,000 3.0500
CFD
New Look Group PLC 11/08/03 GNI SALE 500,000 3.1600
LONG CFD
New Look Group PLC LONG 08/08/03 GNI SALE 70,882 3.1200
CFD
New Look Group PLC LONG CFD GNI SALE 250,000 3.1000
CFD OPEN INTEREST
PRODUCT NAME EXECUTED GNI SALE UNDERLYING PRICE
No. (ppu)
New Look Group PLC 13/01/04 GNI SALE 15,000 3.2100
SHORT CFD
END
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