15th Apr 2008 15:10
TMN Group PLC15 April 2008 FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION Name of person dealing (Note 1) Mr Maziar Darvish Company dealt in TMN Group plc Class of relevant security to which the dealings 1p Ordinary Sharesbeing disclosed relate (Note 2) Date of dealing 15 April 2008 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevantsecurity dealt in (Note 3) Long Short Number (%) Number (%)(1) Relevant securities 3,450,809 4.58%(2) Derivatives (other than options)(3) Options and agreements to purchase/sellTotal 3,450,809 4.58% (b) Interests and short positions in relevant securities of the company, otherthan 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 3. DEALINGS (Note 4) (a) Purchases and sales Purchase/sale Number of securities Price per unit (Note 5)Sale 1,149,000 54p (b) Derivatives transactions (other than options) Product Long/short (Note Number of securities (Note Price per unit (Notename, 6) 7) 5)e.g. CFD (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product Writing, Number of Exercise Type, e.g. Expiry Optionname, selling, securities to American, money purchasing, which the option European varying etc. relates (Note 7) etc.e.g. price date paid/call receivedoption per unit (Note 5) (ii) Exercising Product name, e.g. call Number of Exercise price per unit (Noteoption securities 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 persondisclosing and any other person relating to the voting rights of any relevantsecurities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which anyderivative referred to on this form is referenced. If none, this should bestated. Mr Darvish is the former Chief Executive of Internet Business Group plc whichwas acquired by TMN in February this year. Mr Darvish has decided to move onfrom the Company in May of this year to pursue a new opportunity and the Boardof Directors of TMN wish him the very best for the future. The sale of shares by Mr Darvish has been agreed to under the terms of the lockin agreement entered into by Mr Darvish and the Company at the time of theacquisition. Mr Darvish's remaining shares will remain subject to the terms ofthe lock in agreement, under which Mr Darvish must not dispose of 62.5 per centor more of the consideration shares received by him at the time of theacquisition (inclusive of those shares sold today) during the period beginning31 July 2008 and ending 31 December 2008. Is a Supplemental Form 8 attached? (Note 9) YES/NO Date of disclosure 15 April 2008 Contact name Mr Maziar Darvish Telephone number 07967 039 693 If a connected EFM, name of offeree/offeror with whichconnected If a connected EFM, state nature of connection (Note 10) Notes The Notes on Form 8.3 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:
GlobalData