Rule 8 - ENIC Plc
25 2월 2003 - 8:10PM
UK Regulatory
RNS Number:9250H
Cantor Fitzgerald Europe
25 February 2003
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.
Date of disclosure 25/02/03...........
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 24/02/03..................................
Dealing in ENIC Plc................(name of company)
(1) Class of securities (eg ordinary shares) ordinary shares..............
(2) Amount bought Amount sold Price per unit
50,000 0.325
In addition, Cantor Fitzgerald Europe (and affiliates) have undertaken certain
CFD and Spreadbet transactions(see below).
(3) Resultant total of the same class owned or controlled
(and percentage of class) 2,465,000 shares* ( 2.45%)
(4) Party making disclosure Cantor Fitzgerald Europe...................................
(5) EITHER (a) Name of purchaser/vendor (Note 1) Cantor Fitzgerald Europe................
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
.............................................................
(Also print name of signatory) Ross Tanton...................
Telephone and extension number 020 7894 7214..............................
______________________________________
*In addition, Cantor Fitzgerald Europe(and affiliates) are party to certain CFDs and Spreadbets (see below)
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. E-mail:monitoring@disclosure.org.uk
Date of Disclosure: February 25, 2003
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 2,465,000 ENIC PLC ordinary shares. 2,465,000 of these shares are
held to hedge Contract for Differences ("CFD") positions for clients.
A Long CFD is a product where the client to whom the product is sold is taking a long economic interest in the
underlying share price such that the client can realise a gain if the price of the underlying securities rises above
the reference price.
A purchaser of a CFD contract will realise a gain if the price of the underlying security goes up. A seller of a CFD
contract will realise a gain if the price of the underlying security goes down.
There are no written or oral agreements between Cantor Fitzgerald Europe and any clients concerning the control of
voting rights in relation to the underlying shares used to hedge the CFDs.
The CFD contracts are open-ended and there is no rollover into new contracts
ENIC PLC Date of Disclosure: February 25,
2003
Contracts for Differences Cantor Reference
Fitzgerald Underlying Number Price
Product Name Date Executed Buy/Sell Of Shares (pence)
ENIC Plc, Long CFD July 23, 2002 Sell 215,000 31.25
ENIC Plc, Long CFD July 23, 2002 Sell 250,000 31.25
ENIC Plc, Long CFD July 24, 2002 Sell 500,000 31.25
ENIC Plc, Long CFD July 26, 2002 Sell 250,000 33
ENIC Plc, Long CFD August 1, 2002 Sell 250,000 33
ENIC Plc, Long CFD August 7, 2002 Sell 250,000 32.5
ENIC Plc, Long CFD August 27, 2002 Sell 250,000 32.5
ENIC Plc, Long CFD September 4, 2002 Sell 100,000 32.5
ENIC Plc, Long CFD September 19, 2002 Sell 250,000 32.5
ENIC Plc, Long CFD September 30, 2002 Sell 100,000 31.25
ENIC Plc, Long CFD February 24, 2003 Sell 50,000 32.5
2,465,000
This information is provided by RNS
The company news service from the London Stock Exchange
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