Rule 8.3- Newport Network

    RNS Number : 2263Z
  Walker Crips Stockbrokers Ltd
  16 July 2008
   


    FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
    (Rule 8.3 of the City Code on Takeovers and Mergers)

    1.    KEY INFORMATION

 Name of person dealing (Note 1)                   Mr M Kaged

 Company dealt in                                  Newport Network

 Class of relevant security to which the dealings  Ordinary Shares 0.001 pence
 being disclosed relate (Note 2)

 Date of dealing                                   15 July 2008


    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                      10,900,000  2.97

 (2) Derivatives (other than options)

 (3) Options and agreements to purchase/sell

 Total                                        10,900,000  2.97


 (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


    3.    DEALINGS (Note 4)

    (a)    Purchases and sales

 Purchase/sale   Number of securities  Price per unit (Note 5)
 Purchase        3,000,000             0.00024 pence


    (b)    Derivatives transactions (other than options)

 Product name,  Long/short (Note 6)  Number of securities  Price per unit (Note 5)
 e.g. CFD                            (Note 7)



    (c)    Options transactions in respect of existing securities
    (i)    Writing, selling, purchasing or varying

 Product     Writing,     Number of  Exercise  Type, e.g.  Expiry  Option
 name,e.g.   selling,     securitie  price     American,   date    money
 call        purchasing,  s to                 European            paid/received
 option      varying      which the            etc.                per unit (Note
             etc.         option                                   5) 
                          relates
                          (Note 7)




    (ii)    Exercising

 Product name, e.g. call option  Number of securities  Exercise price per unit (Note 5)



    (d)    Other dealings (including new securities) (Note 4)

 Nature of transaction (Note 8)  Details  Price per unit (if applicable) (Note 5)



    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)  NO


 Date of disclosure                              16 July 2008

 Contact name                                    Walker Crips Stockbrokers Ltd

 Telephone number                                020 3100 8685

 If a connected EFM, name of offeree/offeror
 with which connected

 If a connected EFM, state nature of connection
 (Note 10)


    Notes
    The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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