5th Apr 2005 11:17
Bear Stearns Intl. Trading Ltd05 April 2005 FORM 8.1/8.3 Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. Useseparate form for each class of securities in which dealings have been made. Date of disclosure, 5 April 2005 DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3OF THE CITY CODE ON TAKEOVERS AND MERGERS Date of dealing, 4 April 2005 Dealing in Crest Nicholson Plc (1) Class of securities (eg ordinary shares) Ordinary Shares (2) Amount bought Amount sold Price per unit 451 GBP 4.4875 60229 GBP 4.46 In addition, Bear Stearns International Trading Limited has undertaken certainCFD and Swap transactions (See below). (3) Resultant total of the same class owned or controlled (and percentage of class) 1,144,197 (1.02%) (4) Party making disclosure Bear Stearns International Trading 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 (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) James Step Telephone and extension number 020 7516 5310 ______________________________________ Note 1. Specify owner, not nominee or vehicle company. If relevant, alsoidentify controller of owner, eg where an owner normally acts on instructions ofa controller. Note 2. Disclosure might be made for more than one reason; if so, state allreasons. Note 3. Specify which offeror if there is more than one. Note 4. When an arrangement exists with any offeror, with the offeree companyor with an associate of any offeror or of the offeree company in relation torelevant securities, details of such arrangement must be disclosed, as requiredby Note 6 on Rule 8. Note 5. It may be necessary, particularly when disclosing derivativetransactions, to append a sheet to this disclosure form so that all relevantinformation can be given. Note 6. In the case of an average price bargain, each underlying trade shouldbe disclosed. Note 7. The resultant total percentage holding of the class of relevant securityis to be calculated by reference to the percentage held and in issue outsidetreasury. For full details of disclosure requirements, see Rule 8 of the Code. If indoubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel. No:020 7638 0129. E-mail:[email protected] Bear Stearns International Trading Limited is the beneficial owner of 1,144,198Crest Nicholson Plc ordinary shares. 540,770 of these shares are held to hedgeContract for Differences ("CFD") or Equity Swap positions for clients. A long CFD is a product where the client to whom the product is sold is taking along economic interest in the underlying share price such that the client canrealize a gain if the price of the underlying securities rises above thereference price. An Equity Swap is a product where an agreement between two counterparties seesone party receive the return on an asset from the other party and makes apayment to the other party based on a fixed or floating rate of interest. Thereturn can be either the price return or the total return (I.E. Includingdividends). The control of voting rights in relation to the underlying shares used to hedgethe stock are wholly owned by Bear Stearns International Trading Limited. The CFD contracts are open-ended and there is no rollover into new contracts. Open Contracts For Difference/Equity Swaps Product name Type Date Executed Maturity Date BSIT Buy/Sell Underlying Reference CCY number of Price shares Crest Nicholson CFD 07-Jan-05 30-Jun-05 SELL -5800 4.3450000 GBP Crest Nicholson CFD 07-Jan-05 30-Jun-05 BUY -10000 4.4345000 GBP Crest Nicholson CFD 14-Jan-05 30-Jun-05 SELL -5500 4.3450000 GBP Crest Nicholson CFD 14-Jan-05 30-Jun-05 SELL -3000 4.4345000 GBP Crest Nicholson CFD 20-Jan-05 30-Jun-05 SELL -2600 4.4345000 GBP Crest Nicholson CFD 26-Jan-05 30-Jun-05 BUY 4502 4.4125000 GBP Crest Nicholson CFD 26-Jan-05 30-Jun-05 BUY 6559 4.4125000 GBP Crest Nicholson CFD 31-Jan-05 30-Jun-05 BUY 20100 4.4125000 GBP Crest Nicholson CFD 31-Jan-05 30-Jun-05 BUY 27200 4.4125000 GBP Crest Nicholson CFD 07-Feb-05 30-Jun-05 BUY 6600 4.4125000 GBP Crest Nicholson CFD 07-Feb-05 30-Jun-05 BUY 9000 4.4125000 GBP Crest Nicholson CFD 09-Feb-05 30-Jun-05 SELL -7000 4.3450000 GBP Crest Nicholson CFD 09-Feb-05 30-Jun-05 SELL -3000 4.4345000 GBP Crest Nicholson CFD 11-Mar-05 30-Jun-05 SELL -6500 4.3450000 GBP Crest Nicholson CFD 11-Mar-05 30-Jun-05 SELL -4400 4.4345000 GBP Crest Nicholson CFD 22-Mar-05 30-Jun-05 BUY 7200 4.4000000 GBP Crest Nicholson CFD 22-Mar-05 30-Jun-05 BUY 9900 4.4000000 GBP Crest Nicholson CFD 23-Mar-05 30-Jun-05 BUY 41183 4.4337200 GBP Crest Nicholson CFD 23-Mar-05 30-Jun-05 BUY 56402 4.4337200 GBP Crest Nicholson CFD 24-Mar-05 30-Jun-05 BUY 1700 4.4418200 GBP Crest Nicholson CFD 24-Mar-05 30-Jun-05 BUY 2300 4.4418200 GBP Crest Nicholson CFD 24-Mar-05 30-Jun-05 SELL 22110 4.4500000 GBP Crest Nicholson CFD 24-Mar-05 30-Jun-05 BUY 7705 4.4500000 GBP Crest Nicholson CFD 29-Mar-05 30-Jun-05 BUY 6900 4.4433000 GBP Crest Nicholson CFD 29-Mar-05 30-Jun-05 BUY 9500 4.4433000 GBP Crest Nicholson CFD 29-Mar-05 30-Jun-05 BUY 2415 4.4500000 GBP Crest Nicholson CFD 29-Mar-05 30-Jun-05 BUY 6930 4.4500000 GBP Crest Nicholson CFD 30-Mar-05 30-Jun-05 BUY 1980 4.4485000 GBP Crest Nicholson CFD 30-Mar-05 30-Jun-05 BUY 2698 4.4485000 GBP Crest Nicholson CFD 30-Mar-05 30-Jun-05 BUY 3300 4.4551700 GBP Crest Nicholson CFD 30-Mar-05 30-Jun-05 BUY 1150 4.4551700 GBP Crest Nicholson CFD 01-Apr-05 30-Jun-05 BUY 234146 4.4629170 GBP Crest Nicholson CFD 04-Apr-05 30-Jun-05 BUY 97090 4.4644340 GBP 540770 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Crest Nicholson