Rule 8 - Debenhams PLC-Amend
23 Octobre 2003 - 5:21PM
UK Regulatory
RNS Number:2386R
Bear Stearns Intl. Trading Ltd
23 October 2003
The Following replaces the Rule 8 - Debenhams plc announcement released on 22nd
October at 14.43 under RNS no 1875R. The amendments are highlighted with an (*).
Date of Disclosure 23/10/2003
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 21/10/2003
Dealing in DEBENHAMS PLC (name of company)
1) Class of securities (eg ordinary shares) ORDINARY SHARES
2) Amount bought Amount sold Price per unit
PLEASE SEE SCHEDULE "A" BELOW
IN ADDITION, BEAR STEARNS INTERNATIONAL LIMITED HAS UNDERTAKEN OTC DERIVATIVE
TRADES WITH CLIENTS: PLEASE SEE SCHEDULE "B" BELOW
3) Resultant total of the same class owned or controlled
(and percentage of class) *5,151213 (1.422%)*
4) Party making disclosure BEAR, STEARNS INTERNATIONAL LIMITED
5) EITHER (a) Name of purchaser/vendor (Note 1) BEAR STEARNS INTERNATIONAL
TRADING LIMITED
OR (b) if dealing for discretionary client(s), name of fund
management organisation N/A
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) N/A
If category (8), explain N/A
(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) ANDREW SOWTER
Telephone and extension number 020 7516 6605 (DIRECT)
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.
For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Takeovers and Mergers, Tel No: 020 7382 9026
SCHEDULE "A"
TRADES IN DEBENHAMS PLC (ORDINARY SHARES) EXECUTED ON 21/10/2003 BY BEAR STEARNS
INTERNATIONAL TRADING LIMITED
BOUGHT SOLD PRICE PER UNIT in
GBP/USD
50,000 GBP 4.7025
906 GBP 4.7075
25,000 GBP 4.715
50,000 GBP 4.72
100,000 USD 7.89564
1,735,336 USD 7.9181
15,632 GBP 4.685
25,000 GBP 4.69
75,000 GBP 4.70
1,296 GBP 4.7075
348,562 GBP 4.71
228,356 GBP 4.7125
286,689 GBP 4.715
87,441 GBP 4.72
178,000 GBP 4.755
82,931 USD 7.9061
Debenhams plc Schedule 'B'
Trade Date Product Type Buy/Sell Quantity Currency Reference Term
Price
13-May-03 CFD Sell 1,907,603 GBP 4.2300 31-Mar-04
13-May-03 CFD Sell 683,334 GBP 4.2300 31-Mar-04
13-May-03 CFD Sell 400,349 GBP 4.2300 31-Mar-04
3-Jul-03 Equity Swap Sell 57,000 GBP 4.3250 5-Jan-04
3-Jul-03 Equity Swap Sell 43,000 GBP 4.3250 5-Jan-04
4-Jul-03 Equity Swap Sell 30,000 GBP 4.3250 5-Jan-04
4-Jul-03 Equity Swap Sell 20,000 GBP 4.3250 5-Jan-04
9-Jul-03 Equity Swap Sell 111,000 GBP 4.3250 5-Jan-04
9-Jul-03 Equity Swap Sell 89,000 GBP 4.3250 5-Jan-04
21-Jul-03 Equity Swap Sell 45,000 GBP 4.3250 5-Jan-04
21-Jul-03 Equity Swap Sell 35,000 GBP 4.3250 5-Jan-04
28-Jul-03 Equity Swap Sell 64,000 GBP 4.3250 5-Jan-04
28-Jul-03 Equity Swap Sell 61,000 GBP 4.3250 5-Jan-04
15-Aug-03 Equity Swap Sell 407,982 USD 6.8686 17-Feb-04
15-Aug-03 Equity Swap Sell 200,000 USD 6.8686 17-Feb-04
15-Aug-03 CFD Sell 720,000 USD 6.8686 31-Mar-04
18-Aug-03 CFD Sell 62,907 USD 6.8515 31-Mar-04
19-Aug-03 CFD Sell 256,000 USD 6.8296 31-Mar-04
19-Aug-03 Equity Swap Sell 61,000 USD 6.8296 19-Feb-04
20-Aug-03 Equity Swap Sell 205,000 USD 6.8653 20-Feb-04
20-Aug-03 CFD Sell 360,000 USD 6.8653 31-Mar-04
21-Aug-03 CFD Sell 204,200 USD 6.8192 31-Mar-04
21-Aug-03 Equity Swap Sell 85,800 USD 6.8192 21-Feb-04
21-Aug-03 Equity Swap Sell 340,000 USD 6.8323 21-Feb-04
22-Aug-03 Equity Swap Sell 27,677 USD 6.7876 22-Feb-04
22-Aug-03 Equity Swap Sell 12,413 GBP 4.3089 22-Feb-04
27-Aug-03 Equity Swap Sell 200,000 GBP 4.3239 27-Feb-04
28-Aug-03 CFD Sell 177,692 USD 6.7916 31-Mar-04
28-Aug-03 Equity Swap Sell 250,000 USD 6.7944 1-Mar-04
29-Aug-03 Equity Swap Sell 195,000 USD 6.8225 1-Mar-04
29-Aug-03 CFD Sell 181,000 USD 6.8225 31-Mar-04
1-Sep-03 CFD Sell 110,270 USD 6.7725 1-Apr-04
2-Sep-03 Equity Swap Sell 51,747 GBP 4.3189 2-Apr-04
5-Sep-03 CFD Sell 1,400 GBP 4.3422 5-Apr-04
8-Sep-03 CFD Sell 400,000 USD 6.9434 8-Apr-04
8-Sep-03 Equity Swap Sell 101,000 USD 6.9434 8-Apr-04
10-Sep-03 Equity Swap Sell 17,278 USD 6.9313 10-Sep-04
10-Sep-03 CFD Sell 273,539 USD 6.9313 10-Sep-04
11-Sep-03 CFD Sell 330,837 USD 6.95 11-Apr-04
11-Sep-03 CFD Sell 132,403 USD 6.95 11-Apr-04
11-Sep-03 Equity Swap Sell 102,839 USD 6.95 11-Apr-04
12-Sep-03 Equity Swap Sell 125,000 GBP 4.5819 12-Apr-04
12-Sep-03 CFD Sell 800 GBP 4.5923 12-Sep-04
15-Sep-03 Equity Swap Sell 63,000 GBP 4.596885 15-Sep-04
22-Sep-03 Equity Swap Sell 100,000 GBP 4.672 22-Sep-04
25-Sep-03 CFD Sell 100 GBP 4.6648 27-Sep-04
26-Sep-03 CFD Sell 100 GBP 4.6673 27-Sep-04
30-Sep-03 CFD Sell 100 GBP 4.6898 27-Sep-04
1-Oct-03 CFD Sell 46,000 GBP 4.69 1-Oct-04
1-Oct-03 CFD Sell 1,300 GBP 4.6949 1-Oct-04
2-Oct-03 CFD Sell 182,000 GBP 4.69 2-Oct-04
2-Oct-03 CFD Sell 32,046 GBP 4.7246 2-Oct-04
3-Oct-03 CFD Sell 949 GBP 4.7049 3-Oct-04
3-Oct-03 CFD Sell 71,034 USD 7.8401 3-Oct-04
6-Oct-03 CFD Sell 359,784 USD 7.8782 6-Oct-04
6-Oct-03 CFD Sell 87 GBP 4.6948 6-Oct-04
6-Oct-03 CFD Sell 114,600 GBP 4.71 6-Oct-04
7-Oct-03 CFD Sell 46,000 GBP 4.6875 7-Oct-04
l5-Oct-03 CFD Sell 1,300 GBP 4.73513 15-Oct-04
16-Oct-03 CFD Sell 1,300 GBP 4.75738 16-Oct-04
17-Oct-03 CFD Sell 198,000 USD 7.9644 17-Oct-04
20-Oct-03 CFD Sell 36,105 USD 7.9772 20-Oct-04
21-Oct-03 CFD Sell 1,546,368 USD 7.981 21-Oct-04
21-Oct-03 CFD Sell 200,000 GBP 4.70971 21-Oct-04
21-Oct-03 CFD Sel 422,984 USD 7.9181 21-Oct-04
21-Oct-03 Equity Swap Sell 274,273 USD 7.90228 21-Oct-04
21-Oct-03 CFD Sell *347,258 USD *7.9 21-Oct-04
Closed Out
12-Sep-03 CFD Buy 300 GBP 4.5944 12-Sep-04
17-Sep-03 CFD Buy 100 GBP 4.6275 17-Sep-04
18-Sep-03 CFD Buy 100 GBP 4.6427 18-Sep-04
19-Sep-03 CFD Buy 100 GBP 4.6477 20-Sep-04
23-Sep-03 CFD Buy 1,300 GBP 4.6752 23-Sep-04
25-Sep-03 CFD Buy 1,300 GBP 4.6652 27-Sep-04
30-Sep-03 Equity Swap Buy 6,370,000 GBP 4.7 27-Sep-04
30-Sep-03 CFD Buy 1,248 GBP 4.687652 27-Sep-04
3-Oct-03 CFD Buy 1,300 GBP 4.7077 3-Oct-04
6-Oct-03 Equity Swap Buy 120,000 GBP 4.6975 6-Oct-04
12-Oct-03 CFD Buy 1,300 GBP 4.71265 1-Oct-04
13-Oct-03 Equity Swap Buy 1,200,000 GBP 4.7175 13-Oct-04
15-Oct-03 CFD Buy 1,300 GBP 4.72486 15-Oct-04
20-Oct-03 Equity Swap Buy 1,000,000 GBP 4.755 20-Oct-04
21-Oct-03 Equity Swap Buy 200,000 GBP 4.6944 21-Oct-04
Form 8 Disclosure
A Long CFD is a product where the client to whom the product is sold is taking a
long economic interest in the underlying ordinary share price such that the
client can realise a gain if the price of the underlying security rises above
the reference price.
A Long Equity Swap is very similar to the Long CFD in terms of risk and reward:
the product differs primarily in terms of margining and documenting each trade.
Bear Stearns International Trading Limited is the beneficial owner of 4,803,955
ordinary shares in Debenhams plc, of which 10.85% are held on a proprietary
basis, 88.45% are held as a hedge to CFD contracts with clients and 0.7% are
held as a hedge to Equity Swap contracts with clients.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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