27th Apr 2005 17:12
Bear Stearns Intl. Trading Ltd27 April 2005 FORM 8.3 The following amendment has been made to RNS 5792L, released at 10:36 on 27April 2005. The total amount bought has been amended from 310,728 to 40,728. DEALINGS BY PERSONS WHO OWN OR CONTROL 1% OR MORE OF ANY CLASS OF RELEVANT SECURITY (Rule 8.3 of The City Code on Takeovers and Mergers) Name of purchaser/vendor * Bear Stearns International Trading Limited Company dealt in Crest Nicholson Plc Relevant security dealt in Ordinary Shares If a connected EFM, name of offeree/offeror N/Awith which connected If a connected EFM, nature of connection # N/A Date of dealing 26/4/2005 DEALINGS + Amount bought Price per unit (currency must be stated) 238 GBP 4.025 490 GBP 4.03 10000 GBP 4.06 30000 GBP 4.07 Amount sold Price per unit (currency must be stated) 194808 GBP 4.03 100000 GBP 4.0310 10000 GBP 4.0325 51020 GBP 4.04 200000 GBP 4.0420 5000 GBP 4.05 Resultant total amount and percentage of the 1,763,551 (1.57%)same relevant security owned or controlled IS A SUPPLEMENTAL FORM 8 (DERIVATIVE)/FORM 8 (OPTION) ATTACHED? YES Date of disclosure 27/4/2005 Contact name James Step Telephone number 020 7516 5310 * Specify the owner or controller in addition to the person dealing. Thenaming of nominees or vehicle companies is insufficient. In the case ofdisclosure of dealings by fund managers on behalf of discretionary clients, theclients need not be named. # See the definition of "connected fund managers and principal traders" in theDefinitions Section of the Code. + If disclosing dealings/holdings in derivatives or options, please attachSupplemental Form 8 (Derivative) or Supplemental Form 8 (Option), asappropriate. For details of the Code's dealing disclosure requirements, see Rule 8 and itsNotes which can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. Bear Stearns International Trading Limited is the beneficial owner of 1,763,551Crest Nicholson Plc ordinary shares. 778,068 of these shares are held to hedgeContract for Differences ("CFD") or Equity Swap positions for clients. SUPPLEMENTAL FORM 8 (DERIVATIVE) DEALINGS/HOLDINGS IN DERIVATIVES (This form should be attached to Form 8.1, Form 8.1(b)(ii), Form 8.2 or Form 8.3, as appropriate) Description of all derivative products disclosed on this A long CFD is a product where the client to whom theform product is sold is taking a long economic interest in the underlying share price such that the client can realize a gain if the price of the underlying securities rises above the reference price. An Equity Swap is a product where an agreement between two counterparties sees one party receive the return on an asset from the other party and makes a payment to the other party based on a fixed or floating rate of interest. The return can be either the price return or the total return (I>E> Including dividends).Full details of any agreement, arrangement or The control of voting rights in relation to theunderstanding between the person disclosing and any other underlying shares used to hedge the stock are whollyperson relating to the voting rights or future owned by Bear Stearns International Trading Limited.acquisition or disposal of any relevant securities towhich any derivative referred to on this form isreferenced. If none, this should be stated. WRITING/ENTERING INTO A DERIVATIVE Product name Transaction Writing/entering into Number of securities to Reference price Maturity date (indicate as which the derivative is (currency must dateeg long CFD applicable) referenced be stated) CLOSING OUT A DERIVATIVE Product name Transaction Number of securities to which the Reference price Closing out price date derivative is referenced (currency must be (currency must beeg long CFD stated) stated)CFD 26/4/2005 -189201 GBP 4.029872CFD 26/4/2005 -11000 GBP 4.0376 DETAILS OF OPEN DERIVATIVES (excluding any transaction set out above) Product name Transaction Written/entered into Number of securities to Reference price Maturity date (indicate as which the derivative is (currency must dateeg long CFD applicable) referenced be stated)CFD 7/1/2005 Written -5800 GBP 4.345 30/6/2005CFD 7/1/2005 Written -10000 GBP 4.4345 30/6/2005CFD 14/1/2005 Written -5500 GBP 4.345 30/6/2005CFD 14/1/2005 Written -3000 GBP 4.4345 30/6/2005CFD 20/1/2005 Written -2600 GBP 4.4345 30/6/2005CFD 26/1/2005 Written 4502 GBP 4.4125 30/6/2005CFD 26/1/2005 Written 6559 GBP 4.4125 30/6/2005CFD 31/1/2005 Written 20100 GBP 4.4125 30/6/2005CFD 31/1/2005 Written 27200 GBP 4.4125 30/6/2005CFD 7/2/2005 Written 6600 GBP 4.4125 30/6/2005CFD 7/2/2005 Written 9000 GBP 4.4125 30/6/2005CFD 9/2/2005 Written -7000 GBP 4.345 30/6/2005CFD 9/2/2005 Written -3000 GBP 4.4345 30/6/2005CFD 11/3/2005 Written -6500 GBP 4.345 30/6/2005CFD 11/3/2005 Written -4400 GBP 4.4345 30/6/2005CFD 22/3/2005 Written 7200 GBP 4.40 30/6/2005CFD 22/3/2005 Written 9900 GBP 4.40 30/6/2005CFD 23/3/2005 Written 41183 GBP 4.43372 30/6/2005CFD 23/3/2005 Written 56402 GBP 4.43372 30/6/2005CFD 24/4/2005 Written 1700 GBP 4.44182 30/6/2005CFD 24/4/2005 Written 2300 GBP 4.44182 30/6/2005CFD 24/4/2005 Written 22110 GBP 4.45 30/6/2005CFD 24/4/2005 Written 7705 GBP 4.45 30/6/2005CFD 29/3/2005 Written 6900 GBP 4.4433 30/6/2005CFD 29/3/2005 Written 9500 GBP 4.4433 30/6/2005CFD 29/3/2005 Written 2415 GBP 4.45 30/6/2005CFD 29/3/2005 Written 6930 GBP 4.45 30/6/2005CFD 30/3/2005 Written 1980 GBP 4.4485 30/6/2005CFD 30/3/2005 Written 2698 GBP 4.4485 30/6/2005CFD 30/3/2005 Written 3300 GBP 4.45517 30/6/2005CFD 30/3/2005 Written 1150 GBP 4.45517 30/6/2005CFD 1/4/2005 Written 234146 GBP 4.462917 30/6/2005CFD 4/4/2005 Written 97090 GBP 4.464434 30/6/2005CFD 5/4/2005 Written 390 GBP 4.45 30/6/2005CFD 6/4/2005 Written 42926 GBP 4.430909 30/6/2005CFD 7/4/2005 Written 195100 GBP 4.412561 30/6/2005CFD 12/4/2005 Written 23450 GBP 4.365059 30/6/2005CFD 18/4/2005 Written 78071 GBP 4.1575 30/6/2005CFD 19/4/2005 Written 97562 GBP 4.178 30/6/2005CFD 26/4/2005 Written -189201 GBP 4.029872 30/6/2005CFD 26/4/2005 Written -11000 GBP 4.0376 30/6/2005 778,068 For details of the Code's dealing disclosure requirements, see Rule 8 and itsNotes which can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Crest Nicholson