Rule 8.1 - Syndicate Asset Management
May 19 2009 - 11:10AM
UK Regulatory
TIDMSAM
FORM 8.1
DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES
FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS
(Rules 8.1(a) and (b)(i) of the Takeover Code)
1. KEY INFORMATION
Name of person dealing (Note 1) Peter Cooper
Company dealt in Syndicate Asset Management Plc
Class of relevant security to Ordinary Shares of 0.2p each
which the dealings being
disclosed relate (Note 2)
Date of dealing 8 May 2009
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)
Long Short
Number (%) Number (%)
(1) Relevant securities 525,000 0.08%
(2) Derivatives (other than NA
options)
(3) Options and agreements to 75,000 Options with
purchase/sell exercise price of 12p
0.01%
Total 600,000 0.09%
(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
Number (%) Number (%)
(1) Relevant securities
(2) Derivatives (other than
options)
(3) Options and agreements to
purchase/sell
Total
(c) Rights to subscribe (Note 3)
Class of relevant security: Details
Ordinary Shares of 0.2 pence Number of shares subscribed for : 450,000
each
3. DEALINGS (Note 4)
(a) Purchases and sales
Purchase/sale Number of securities Price per unit (Note 5)
(b) Derivatives transactions (other than options)
Product name, Long/short (Note Number of securities Price per unit (Note
6) (Note 7) 5)
e.g. CFD
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Product name, Writing, Number of Exercise Type, e.g. Expiry Option
selling, securities to American, money
e.g. call purchasing, which the price European date
option varying option etc. paid/
etc. relates (Note received
7) per unit
(Note 5)
(ii) Exercising
Product name, e.g. call Number of securities Exercise price per unit
option (Note 5)
(d) Other dealings (including new securities) (Note 4)
Nature of transaction Details Price per unit (if
(Note 8) applicable) (Note 5)
Subcription "This disclosure is being 1 pence
made as a result of an
agreement entered into by
the person identified
above as dealing to
subscribe for new
ordinary shares of 0.2
pence each ("New Ordinary
Shares") in the capital
of Syndicate Asset
Management Plc (the
"Company") at a
subscription price of 1
pence each. That
agreement was entered
into in connection with
the proposed subscription
for, in aggregate,
310,000,000 New Ordinary
Shares announced by the
Company on 8 May 2009
(the "Subscription"). On
the same date the Company
also announced the
proposed issue of
200,000,000 further New
Ordinary Shares (the
"Issue"). The
Subscription and the
Issue have yet to
complete and are
conditional on, amongst
other things, the
Company's shareholders
approving certain
resolutions to be put to
a general meeting
convened for 26 May 2009.
The percentage holding
set above, is calculated
by reference to the
issued share capital of
the Company as it will be
in the event that the
Subscription and the
Issue are approved by
shareholders and become
effective."
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.
Is a Supplemental Form 8 attached? (Note 9) [DEL:YES:DEL]/NO
Date of disclosure 19 May 2009
Contact name J D Freeman
Telephone number 0207 659 8069
Name of offeree/offeror with which Syndicate Asset Management Plc
associated
Specify category and nature of associate Director of Subsidiary Company
status (Note 10)
Notes
The Notes on Form 8.1 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk
END
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