Last checked at 24 Mar 2010 12:04
FORM 38.5(b)
DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS
BUT NOT DEALING IN A CLIENT-SERVING CAPACITY
(Rule 38.5(b) of the Takeover Code)
1. KEY INFORMATION
| Name of exempt principal trader | Royal Bank of Scotland N.V. London Branch (Subsidiary of RFS Holding N.V.) | |
| Company dealt in | Babcock International Group Plc | |
| Class of relevant security to which the dealings being disclosed relate (Note 1) | ORD GBP 0.60 | |
| Date of dealing | 23 March 2010 |
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2)
| Long | Short | |||||||
| Number | (%) | Number | (%) | |||||
| (1) Relevant securities | 0 | 0% | 876,250 | 0.3816% | ||||
| (2) Derivatives (other than options) | 0 | 0% | 0 | 0% | ||||
| (3) Options and agreements to purchase/sell | 0 | 0% | 0 | 0% | ||||
| Total | 0 | 0% | 876,250 | 0.3816% | ||||
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2)
| Class of relevant security: | Long | Short | ||||||
| Number | (%) | Number | (%) | |||||
| (1) Relevant securities | 0 | 0% | 0 | 0% | ||||
| (2) Derivatives (other than options) | 0 | 0% | 0 | 0% | ||||
| (3) Options and agreements to purchase/sell | 0 | 0% | 0 | 0% | ||||
| Total | 0 | 0% | 0 | 0% | ||||
(c) Rights to subscribe (Note 2)
| Class of relevant security: | Details |
3. DEALINGS (Note 3)
(a) Purchases and sales
| Purchase/sale | Number of securities | Price per unit (Note 4) | ||
| SALE | 876,250 | 5.5758 GBP |
(b) Derivatives transactions (other than options)
| Product name, e.g. CFD | Long/short (Note 5) | Number of securities (Note 6) | Price per unit (Note 4) |
(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 6) | Exercise price | Type, e.g. American, European etc. | Expiry date | Option money paid/received per unit (Note 4) AUD |
(ii) Exercising
| Product name, e.g. call option | Number of securities | Exercise price per unit (Note 4) |
(d) Other dealings (including new securities) (Note 3)
| Nature of transaction (Note 7) | Details | Price per unit (if applicable) (Note 4) |
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. |
Is a Supplemental Form 38.5(b) attached? (Note 8) YES/NO
| Date of disclosure | 24 March 2010 | |
| Contact name | Kirit Devshi | |
| Telephone number | (020) 7678 1904 | |
| Name of offeree/offeror with which connected | VT Group Plc | |
| Nature of connection (Note 9) | Corporate Broker |
Notes: The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk
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