27th Oct 2006 15:25
Regis Group PLC27 October 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA,JAPAN OR THE UNITED STATES REGIS GROUP PLC ("Regis") DISCLOSURE OF DEALINGS BY AN ASSOCIATE OF REGIS IN CONTRACTS FOR DIFFERENCES("CFDS") REFERENCED TO THE PRICE OF THE SHARES OF GRAINGER TRUST PLC("GRAINGER") During the course of an offer period 28 September through 3 October 2006 inrelation to a potential offer by Regis and Merrill Lynch for Grainger, anassociate of Regis, Peter Gould, entered into and closed CFDs referenced to theshare price of Grainger in a number of transactions. Contrary to Rule 8.1 ofTakeover Code, Peter Gould did not disclose these transactions. At the requestof the Panel (following the Panel being informed on behalf of Peter Gould ofthese transactions) they are now being disclosed by Peter Gould in summary form. Attached to this announcement is a table setting forth a summary of the dealingsby Peter Gould in the offer period. At the end of the offer period on 3 October2006, the total long position in CFDs referenced to the share price of Graingerheld by Peter Gould was 667,482 shares. At the end of the offer period on 3October 2006, the total long position in CFDs referenced to the share price ofGrainger held by another associate of Regis, Nick Gould, was 483,052 shares.These positions were all entered into by Peter Gould on behalf of Nick Gouldprior to the offer period which commenced on 28 September 2006 and no dealingsby or on behalf of Nick Gould took place during the offer period 28 Septemberthrough 3 October 2006. No dealings by Peter Gould or any other associate ofRegis occurred during a second offer period in relation to Grainger whichcommenced on 18 October 2006 and ended on 25 October 2006. All of the dealings by Peter and Nick Gould were for the purpose of building astake in the shares of Grainger. The CFDs in which the Goulds dealt wereopen-ended contracts that when closed would settle in cash at the underlyingstock price. The CFDs provided no voting rights in relation to the shares ofGrainger. However, because the counterparty to the CFD transactions held thephysical stock of Grainger and pursuant to an informal understanding with thecounterparty, it would have been possible for the Goulds to have sold the CFDpositions and purchased the relevant underlying shares of Grainger from thecounterparty. Enquiries: Citigate Dewe RogersonSarah Gestetner/Justin Griffiths 020 7638 9571 Interest via CFDs as at close of business: (1) 27-Sep LONG NUMBER % 600,794 0.463% Dealings on: 28-Sep REFERENCE PRICE (p) PRODUCT NAME NUMBER OF SECURITIES HIGHEST LOWEST AVERAGE CFD LONG 60,026 630.09 620.00 622.92 REFERENCE PRICE (p) PRODUCT NAME NUMBER OF SECURITIES HIGHEST LOWEST AVERAGE CFD SHORT (2) 51,026 625.25 625.00 625.01 Interest via CFDs as at close of 28-Sepbusiness: LONG NUMBER % 609,794 0.470% Dealings on: 29-Sep REFERENCE PRICE (p) PRODUCT NAME NUMBER OF SECURITIES HIGHEST LOWEST AVERAGE CFD LONG 115,239 633.94 628.25 630.16 1. All CFD transactions were entered into with a single counterparty.2. For the purposes of these disclosures "short" means closing out longpositions in CFDs. REFERENCE PRICE (p) PRODUCT NAME NUMBER OF SECURITIES HIGHEST LOWEST AVERAGE CFD SHORT 14,711 636.52 635.40 635.69 Interest via CFDs as at close of 29-Sepbusiness: LONG NUMBER % 710,322 0.547% Dealings on: 02-Oct REFERENCE PRICE (p) PRODUCT NAME NUMBER OF SECURITIES HIGHEST LOWEST AVERAGE CFD LONG 22,410 629.00 620.25 623.94 REFERENCE PRICE (p) PRODUCT NAME NUMBER OF SECURITIES HIGHEST LOWEST AVERAGE CFD SHORT 62,252 627.00 621.25 624.01 Interest via CFDs as at close of 02-Octbusiness: LONG NUMBER % 670,480 0.517% Dealings on: 03 Oct (3) REFERENCE PRICE (p) PRODUCT NAME NUMBER OF SECURITIES HIGHEST LOWEST AVERAGE CFD LONG 49,948 625.00 611.00 614.07 REFERENCE PRICE (p) PRODUCT NAME NUMBER OF SECURITIES HIGHEST LOWEST AVERAGE CFD SHORT 52,946 619.75 615.00 616.26 Interest via CFDs as at close of 03-Octbusiness: LONG NUMBER % 667,482 0.514% 3. This table discloses all CFD positions entered into and closed out prior to the end of the offer periodon 3 October 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Grainger plc