12th Aug 2009 16:21
FORM 8.1
DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES
FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS
(Rules 8.1(a) and (b)(i) of the City Code on Takeovers and Mergers)
1...KEY INFORMATION
|
Name of person dealing (Note 1) |
Moriel Matalon, Boris Krasny, Yarom Ophir & Susan Wilson as Directors of: Sovereign Holding Limited |
|
Company dealt in |
Cosalt |
|
Class of relevant security to which the dealings being disclosed relate (Note 2) |
Ordinary 1p |
|
Date of dealing |
5 August 09 |
2...INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
|
(a) |
Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) |
|
|
Long |
Short |
||
|
|
Number |
(%) |
Number |
(%) |
|
(1) Relevant securities |
5,888,869 |
(22.30%) |
||
|
(2) Derivatives (other than options) |
||||
|
(3) Options and agreements to purchase/sell |
||||
|
Total |
5,888,869 |
(22.30%) |
|
(b) |
Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) |
|
Class of relevant security: |
Long |
Short |
||
|
|
Number |
(%) |
Number |
(%) |
|
(1) Relevant securities |
||||
|
(2) Derivatives (other than options) |
||||
|
(3) Options and agreements to purchase/sell |
||||
|
Total |
(c)..Rights to subscribe (Note 3)
|
Class of relevant security: |
Details |
|
Sovereign Holding Limited, through their broker, has agreed to subscribe for 28,000,000 new ordinary shares in the proposed firm placing by Cosalt. Should the Firm placing proceed as proposed then Sovereign Holding Limited would, as a result of the firm placing, be interested in 33,888,869 new ordinary shares, representing 8.38% of 404,403,397 being the total new ordinary shares |
3...DEALINGS (Note 4)
(a)..Purchases and sales
|
Purchase/sale |
Number of securities |
Price per unit (Note 5) |
(b)..Derivatives transactions (other than options)
|
Product name, e.g. CFD |
Long/short (Note 6) |
Number of securities (Note 7) |
Price per unit (Note 5) |
(c)..Options transactions in respect of existing securities
(i)..Writing, selling, purchasing or varying
|
Product name,e.g. call option |
Writing, selling, purchasing, varying etc. |
Number of securities to which the option relates (Note 7) |
Exercise price |
Type, e.g. American, European etc. |
Expiry date |
Option money paid/received per unit (Note 5)
|
(ii)..Exercising
|
Product name, e.g. call option |
Number of securities |
Exercise price per unit (Note 5) |
(d)..Other dealings (including new securities) (Note 4)
|
Nature of transaction (Note 8) |
Details |
Price per unit (if applicable) (Note 5) |
4...OTHER INFORMATION
Agreements, arrangements or understandings relating to options or derivatives
Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.
Dealings are by way of a firm placing and open offer of new ordinary shares at 5p of which firm placing shares are not subject to clawback whereas open offer shares will be subject to clawback
Is a Supplemental Form 8 attached? (Note 9)........YES/NO
|
Date of disclosure |
12 August 2009 |
|
Contact name |
Moriel Matalon, Boris Krasny, Yarom Ophir & Susan Wilson as Directors of: Sovereign Holding Limited |
|
Telephone number |
+1 (441) 295-4754 |
|
Name of offeree/offeror with which associated |
Cosalt |
|
Specify category and nature of associate status (Note 10) |
Shareholder of more than 20% |
Notes
The Notes on Form 8.1 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk
Related Shares:
CSLT.L