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) | Tisbury Capital Management |
| | LLP |
|--------------------------------------+----------------------------|
| Company dealt in | Scottish & Newcastle Plc |
|--------------------------------------+----------------------------|
| Class of relevant security to which | |
| the dealings being | 20p ordinary |
| disclosed relate (Note 2) | |
|--------------------------------------+----------------------------|
| Date of dealing | 29 November 2007 |
+-------------------------------------------------------------------+
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 | | | | |
| | | | | |
|------------------------+------------+--------+-----------+--------|
| (2) Derivatives (other | | | | |
| than options) | 1,757,301 | 0.1857 | | |
| | | | | |
|------------------------+------------+--------+-----------+--------|
| (3) Options | | | | |
| and agreements to | 15,700,000 | 1.659 | 9,200,000 | 0.972 |
| purchase/sell | | | | |
| | | | | |
|------------------------+------------+--------+-----------+--------|
| Total | 17,457,301 | 1.845 | 9,200,000 | 0 .972 |
| | | | | |
+-------------------------------------------------------------------+
(b) Interests
and short positions in relevant securities of the company, other than
the class
dealt in (Note 3)
+-------------------------------------------------------------------+
| Class of | Long | Short |
| relevant security: | | |
| | | |
|-------------------------------------+--------------+--------------|
| | 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 | Details |
| of relevant security: | |
| | |
|-----------------------+---------|
| | |
+---------------------------------+
3. DEALINGS (Note 4)
(a) Purchases
and sales
+--------------------------------------------+
| Purchase/sale | Number of | Price per |
| | securities | unit (Note 5) |
|---------------+------------+---------------|
| | | |
| | | |
|---------------+------------+---------------|
| | | |
+--------------------------------------------+
(b) Derivatives transactions (other than options)
+-------------------------------------------------------------------+
| Product | Long/short | Number of securities | Price per |
| name, | (Note 6) | (Note 7) | unit (Note 5) |
| e.g. CFD | | | |
|----------+------------+---------------------------+---------------|
| CFD | Long | 1,000,000 | 740.7125 GBp |
|----------+------------+---------------------------+---------------|
| CFD | Long | 250,000 | 742.2610 GBp |
+-------------------------------------------------------------------+
(c) Options transactions in respect of
existing securities
(i) Writing, selling, purchasing or varying
+------------------------------------------------------------------------------------+
| Product |Writing, selling, |Number of |Exercise|Type, e.g.|Expiry|Option money |
| name, |purchasing, varying|securities |price |American, |Date |paid/received |
|e.g. call|etc. |to which the| |European | |per unit (Note|
| option | |option | |etc. | |5) |
| | |relates | | | | |
| | |(Note 7) | | | | |
|---------+-------------------+------------+--------+----------+------+--------------|
| | | | | | | |
+------------------------------------------------------------------------------------+
(ii) Exercising
+-------------------------------------------------------------------+
| Product name, e.g. | Number of securities | Exercise price per |
| call option | | unit (Note 5) |
| | | |
|--------------------+----------------------+-----------------------|
| | | |
| | | |
+-------------------------------------------------------------------+
(d) Other dealings (including new securities) (Note 4)
+-------------------------------------------------------------------+
| Nature of transaction | Details | Price per unit (if applicable) |
| (Note 8) | | (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. |
|-------------------------------------------------------------------|
| |
| NONE |
| |
+-------------------------------------------------------------------+
Is a Supplemental Form 8 attached? (Note
9) YES
+-------------------------------------------------------------------+
| Date | |
| of disclosure | 30/11/2007 |
|------------------------------------------------+------------------|
| Contact | |
| name | Julien Naginski |
|------------------------------------------------+------------------|
| Telephone | |
| number | +44 20 7268 8642 |
|------------------------------------------------+------------------|
| If a connected EFM, name of offeree/offeror | |
| with | |
| which connected | |
|------------------------------------------------+------------------|
| 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 at
www.thetakeoverpanel.org.uk
SUPPLEMENTAL FORM 8
DETAILS OF OPEN POSITIONS
(This form should be attached
to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)
OPEN POSITIONS (Note 1)
+----------------------------------------------------------------------+
|Product |Written or|Number of |Exercise|Type, e.g.|Expiry date|
|name, |purchased |securities to |price |American, | |
|e.g. call| |which |(Note 2)|European | |
|option | |the option or | |etc | |
| | |derivative | | | |
| | |relates | | | |
|---------+----------+-----------------+--------+----------+-----------|
|Long call|Purchased | 2 000 |650 GBp | American |21/12/2007 |
|option | |000 | | | |
|---------+----------+-----------------+--------+----------+-----------|
|Long call|Purchased | 9 200 |700 GBp | American |21/12/2007 |
|option | |000 | | | |
|---------+----------+-----------------+--------+----------+-----------|
|Short |Written | 9 200 |750 GBp | American |21/12/2007 |
|call | |000 | | | |
|option | | | | | |
|---------+----------+-----------------+--------+----------+-----------|
|Short put|Written | 4 500 |775 GBp | American |21/12/2007 |
|option | |000 | | | |
+----------------------------------------------------------------------+
Notes
1. Where there are open option
positions or open derivative positions (except for CFDs), full
details should
be given. Full details of any existing agreements to purchase or to
sell should also be given on this form.
2. For all prices and other monetary amounts, the currency must be
stated.
For details of the Code's
dealing disclosure requirements, see Rule 8 and its Notes which can
be viewed
on the Takeover Panel's website at www.thetakeoverpanel.org.uk
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