16th Feb 2005 15:03
Orbis Trustees Limited16 February 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...16/02/2005 DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3OF THE CITY CODE ON TAKEOVERS AND MERGERS Date of dealing ......15/02/2005.... Dealing in TEATHER & GREENWOOD HOLDINGS PLC ............(name of company) (1) Class of securities (eg ordinary shares) ...10P ORDINARY SHARES............ (2) Amount bought Amount sold Price per unit 4248 Nil 74.5P (3) Resultant total of the same class owned or controlled (and percentage of class) ............169862 SHARES............. ( 0.3 %) (4) Party making disclosure ...ORBIS TRUSTEES LIMITED.......................... (5) EITHER (a) Name of purchaser (Note 1) ORBIS TRUSTEES 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 YES Specify which category or categories of associate (1-8 overleaf) .......8.. ........................................................................... If category (8), explain SHARES PURCHASED AS A RESULT OF THE USUAL MONTHLY CONTRIBUTION TO THE TEATHER & GREENWOOD HOLDINGS PLC SHARE INCENTIVE PLAN, OF WHICH ORBIS TRUSTEES LIMITED ARE TRUSTEE................................ (b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of the class of relevant securities dealt in) NO Signed, for and on behalf of the party named in (4) above ...................... ................................................................................ (Also print name of signatory) ...AMANDA HARRIS .............................. Telephone and extension number .........01534 613406........................... ______________________________________ 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 with 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 all relevant information can be given. Note 6. In the case of an average price bargain, each underlying trade should be disclosed. Note 7. The resultant total percentage holding of the class of relevant security is to be calculated by reference to the percentage held and in issue outside treasury. 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] DEFINITION OF ASSOCIATE It is not practicable to define associate in terms which would cover all thedifferent relationships which may exist in an offer. The term associate isintended to cover all persons (whether or not acting in concert) who directly orindirectly own or deal in the shares of an offeror or the offeree company in anoffer and who have (in addition to their normal interests as shareholders) aninterest or potential interest, whether commercial, financial or personal, inthe outcome of the offer. Without prejudice to the generality of the foregoing, the term associate willnormally include the following:- (1) an offeror's or the offeree company's parent, subsidiaries and fellow subsidiaries, and their associated companies, and companies of which such companies are associated companies (for this purpose ownership or control of 20% or more of the equity share capital of a company is regarded as the test of associated company status); (2) banks and financial and other professional advisers (including stockbrokers)* to an offeror, the offeree company or any company covered in (1), including persons controlling#, controlled by or under the same control as such banks, financial and other professional advisers; (3) the directors (together with their close relatives and related trusts) of an offeror, the offeree company or any company covered in (1); (4) the pension funds of an offeror, the offeree company or any company covered in (1); (5) any investment company, unit trust or other person whose investments an associate manages on a discretionary basis, in respect of the relevant investment accounts; (6) a person who owns or controls 5% or more of any class of relevant securities (as defined in paragraphs (a) to (d) in Note 2 on Rule 8) issued by an offeror or an offeree company, including a person who as a result of any transaction owns or controls 5% or more. When two or more persons act pursuant to an agreement or understanding (formal or informal) to acquire or control such securities, they will be deemed to be a single person for the purpose of this paragraph. Such securities managed on a discretionary basis by an investment management group will, unless otherwise agreed by the Panel, also be deemed to be those of a single person (see Note 8 on Rule 8); and (7) a company having a material trading arrangement with an offeror or the offeree company. Paragraphs (1)-(7) are typical cases. Paragraph (8) below is a category to coverassociate status not within (1)-(7). (8) Other. Notes * References to a "bank" do not apply to a bank whose sole relationship with a party to an offer is the provision of normal commercial banking services or such activities in connection with the offer as confirming that cash is available, handling acceptances and other registration work. References to "financial and other professional advisers (including stockbrokers)", in relation to a party to an offer, do not include an organisation which has stood down, because of a conflict of interest or otherwise, from acting for that party in connection with the offer if the organisation is to have a continuing involvement with that party during the offer, the Panel must be consulted. Unless the Panel is satisfied that the involvement is entirely unconnected with the offer, the above exclusion will not normally apply. # The normal test for whether a person is controlled by, controls or is under the same control as another person will be by reference to the definition of control contained in the Code. There may be other circumstances which the Panel will regard as giving rise to such a relationship (eg where a majority of the equity share capital is owned by another person who does not have a majority of the voting rights); in cases of doubt, the Panel should be consulted. This information is provided by RNS The company news service from the London Stock ExchangeEND This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TEG.L