7th Mar 2005 10:01
Bear Stearns Intl. Trading Ltd07 March 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, 7 March 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 March 2005 Dealing in Geest Plc (1) Class of securities (eg ordinary shares) Ordinary Shares (2) Amount bought Amount sold Price per unit3988 GBP 6.4275000 GBP 6.4398168 GBP 6.435150000 GBP 6.44102278 GBP 6.4510000 GBP 6.47 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) 1,994,402 (2.72%) (4) Party making disclosure Bear Stearns International Trading Limited. (5) EITHER (a) Name of purchaser/vendor (Note 1) Bear StearnsInternational Trading Limited ... OR (b) If dealing for discretionary client(s), name of fundmanagement 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 1,994,402Geest Plc ordinary shares. 498,399 of these shares are held to hedge Contractfor 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 Dare Executed Maturity Date BSIT Buy/ Underlying Reference CCY Sell number of Price sharesGeest PLC CFD 21/12/2004 20/6/2005 Buy 438 6.365 GBPGeest PLC CFD 22/12/2004 20/6/2005 Buy 42300 6.30015 GBPGeest PLC CFD 22/12/2004 20/6/2005 Buy 27600 6.30015 GBPGeest PLC CFD 23/12/2004 20/6/2005 Buy 13400 6.31 GBPGeest PLC CFD 23/12/2004 20/6/2005 Buy 9200 6.31 GBPGeest PLC CFD 27/12/2004 20/6/2005 Buy 9800 6.31 GBPGeest PLC CFD 27/12/2004 20/6/2005 Buy 6000 6.31 GBPGeest PLC CFD 6/1/2005 20/6/2005 Sell -7549 6.325 GBPGeest PLC CFD 10/1/2005 20/6/2005 Buy 700 6.29 GBPGeest PLC CFD 10/1/2005 20/6/2005 Buy 550 6.29 GBPGeest PLC CFD 11/1/2005 20/6/2005 Buy 3200 6.26 GBPGeest PLC CFD 11/1/2005 20/6/2005 Buy 2400 6.26 GBPGeest PLC CFD 14/1/2005 20/6/2005 Buy 31900 6.2562 GBPGeest PLC CFD 14/1/2005 20/6/2005 Buy 23600 6.2562 GBPGeest PLC CFD 18/1/2005 20/6/2005 Buy 19200 6.41355 GBPGeest PLC CFD 18/1/2005 20/6/2005 Buy 14200 6.41355 GBPGeest PLC CFD 20/1/2005 20/6/2005 Buy 25600 6.39773 GBPGeest PLC CFD 20/1/2005 20/6/2005 Buy 18800 6.39773 GBPGeest PLC CFD 21/1/2005 20/6/2005 Buy 25500 6.4 GBPGeest PLC CFD 21/1/2005 20/6/2005 Buy 9000 6.361 GBPGeest PLC CFD 21/1/2005 20/6/2005 Buy 18900 6.4 GBPGeest PLC CFD 21/1/2005 20/6/2005 Buy 6600 6.361 GBPGeest PLC CFD 24/1/2005 20/6/2005 Buy 38300 6.40309 GBPGeest PLC CFD 24/1/2005 20/6/2005 Buy 28300 6.40309 GBPGeest PLC CFD 25/1/2005 20/6/2005 Buy 33400 6.3986670 GBPGeest PLC CFD 26/1/2005 20/6/2005 Sell -250000 6.4 GBPGeest PLC CFD 26/1/2005 20/6/2005 Buy 1800 6.39 GBPGeest PLC CFD 27/1/2005 20/6/2005 Buy 66640 6.4 GBPGeest PLC CFD 28/1/2005 20/6/2005 Buy 34030 6.39375 GBPGeest PLC CFD 31/1/2005 20/6/2005 Buy 111200 6.39964 GBPGeest PLC CFD 1/2/2005 20/6/2005 Buy 34030 6.4048 GBPGeest PLC CFD 1/2/2005 20/6/2005 Buy 17400 6.3963 GBPGeest PLC CFD 2/2/2005 20/6/2005 Buy 34030 6.4048 GBPGeest PLC CFD 2/2/2005 20/6/2005 Buy 17400 6.3963 GBPGeest PLC CFD 2/2/2005 20/6/2005 Sell -200000 6.405 GBPGeest PLC CFD 4/2/2005 20/6/2005 Buy 7800 6.396 GBPGeest PLC CFD 7/2/2005 20/6/2005 Buy 25,090 6.4148 GBPGeest PLC CFD 7/2/2005 20/6/2005 Buy 21900 6.41 GBPGeest PLC CFD 8/2/2005 20/6/2005 Buy 40213 6.4128 GBPGeest PLC CFD 9/2/2005 20/6/2005 Buy 12158 6.414747 GBPGeest PLC CFD 10/2/2005 20/6/2005 Sell -150000 6.41 GBPGeest PLC CFD 14/2/2005 20/6/2005 Buy 3037 6.4048 GBPGeest PLC CFD 14/2/2005 20/6/2005 Buy 39100 6.41 GBPGeest PLC CFD 16/2/2005 20/6/2005 Buy 600000 6.425 GBPGeest PLC CFD 21/2/2005 20/6/2005 Buy 38900 6.42 GBPGeest PLC CFD 23/2/2005 20/6/2005 Sell -438 6.4068 GBPGeest PLC CFD 25/2/2005 20/6/2005 Sell -625000 6.415 GBPGeest PLC CFD 25/2/2005 20/6/2005 Buy 29300 6.4164 GBPGeest PLC CFD 1/3/2005 20/6/2005 Buy 39100 6.4054 GBPGeest PLC CFD 3/3/2005 20/6/2005 Buy 29400 6.431778 GBPGeest PLC CFD 4/3/2005 20/6/2005 Buy 171400 6.4388670 GBP 498399 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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