SKP.L Regulatory News (SKP)

23 Nov 2005 11:38

North Atlantic Value LLP23 November 2005 FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION Name of person dealing (Note 1) NORTH ATLANTIC VALUE LLPCompany dealt in SKYEPHARMA PLCClass of relevant security to which the ORDINARY SHARES OF 10p EACHdealings being disclosed relate (Note 2) Date of dealing 22 NOVEMBER 2005 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class ofrelevant security dealt in (Note 3) Long Short Number (%) Number (%) (1) Relevant securities 14,090,425 1.87 Nil (2) Derivatives (other than options) Nil Nil (3) Options and agreements to purchase/sell Nil Nil Total 14,090,425 1.87 Nil (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 N/A Nil (2) Derivatives (other than options) Nil Nil (3) Options and agreements to purchase/sell Nil Nil Total Nil Nil (c) Rights to subscribe (Note 3) Class of relevant security: Details N/A 3. DEALINGS (Note 4) (a) Purchases and sales Purchase/sale Number of securities Price per unit (Note 5) SALE 268,447 SHARES 52.75p (b) Derivatives transactions (other than options) Product name, Long/short (Note 6) Number of securities (Note 7) Price per unit (Note 5) e.g. CFD N/A (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money purchasing, to which the option American,e.g. call option varying etc. relates (Note 7) price European etc. date paid/received per unit (Note 5) N/A (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 5) N/A (d) Other dealings (including new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) N/A 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 relatingto the voting rights of any relevant securities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form isreferenced. If none, this should be stated. North Atlantic Value LLP also acts as Investment Manager for North Atlantic Smaller Companies Investment Trust PLC andOryx International Growth Fund Limited. Is a Supplemental Form 8 attached? (Note 9) NO Date of disclosure 23 NOVEMBER 2005 Contact name BONITA GUNTRIP Telephone number 020 7747 5681 If a connected EFM, name of offeree/offeror with which connected n/aIf a connected EFM, state nature of connection (Note 10) n/a 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 Exchange