EPT Disclosure - Cable & Wireless
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 | HSBC Financial Products |
| | (France) SNC |
|-----------------------------------------+-------------------------|
| Company dealt in | Cable & Wireless plc |
|-----------------------------------------+-------------------------|
| Class of relevant security to which the | 25p ordinary |
| dealings being disclosed relate (Note | |
| 1) | |
|-----------------------------------------+-------------------------|
| Date of dealing | 11.06.08 |
+-------------------------------------------------------------------+
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 | |342,305 (0%) |
|securities | | |
| | | |
|---------------+--------------------------+------------------------------------------------|
|(2) Derivatives| | |
|(other than | | |
|options) | | |
| | | |
|---------------+--------------------------+------------------------------------------------|
|(3) Options and|29,777,750 (0%) |12,025,000 |
|agreements to | | |
|purchase/sell | | |
| | | |
|---------------+--------------------------+------------------------------------------------|
|Total |29,777,750 (1.17%) |12,367,305 (0%) |
| | | |
+-------------------------------------------------------------------------------------------+
(b) Interests and short positions in relevant securities of
the company, other than the class dealt in (Note 2)
+--------------------------------------------------------------------------+
|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 2)
+---------------------------------------+
| Class of relevant security: | Details |
| | |
|-----------------------------+---------|
| | |
+---------------------------------------+
3. DEALINGS (Note 3)
(a) Purchases and sales
+-----------------------------------------------------------------+
| Purchase/sale | Number of securities | Price per unit (Note 4) |
| | | |
|----------------+----------------------+-------------------------|
| Purchase | 26,333 | 153.9p. |
| Purchase | 126,701 | 154p. |
| Purchase | 271,511 | 155.1p. |
| Purchase | 190,948 | 155.9p. |
| Purchase | 351,052 | 156.1p. |
| | | |
| Total Purchase | 966,545 | |
| | | |
+-----------------------------------------------------------------+
(b) Derivatives transactions (other than options)
+-------------------------------------------------------------------+
| Product | Long/short (Note | Number of securities | Price per |
| name, | 5) | (Note 6) | unit (Note |
| e.g. CFD | | | 4) |
|----------+------------------+------------------------+------------|
| | | | |
| | | | |
+-------------------------------------------------------------------+
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
+------------------------------------------------------------------------------------+
|Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money |
|name, |selling, |securities to which|price |American, |date |paid/received |
|e.g. call|purchasing, |the option relates | |European | |per unit (Note|
|option |varying etc.|(Note 6) | |etc. | |4) |
| | | | | | | |
|---------+------------+-------------------+--------+----------+------+--------------|
| | | | | | | |
+------------------------------------------------------------------------------------+
(ii) Exercising
+-------------------------------------------------------------------+
| Product name, e.g. | Number of securities | Exercise price per |
| call option | | unit (Note 4) |
| | | |
|--------------------+----------------------+-----------------------|
| | | |
| | | |
+-------------------------------------------------------------------+
(d) Other dealings (including new securities) (Note 3)
+-------------------------------------------------------------------+
| Nature of transaction | Details | Price per unit (if applicable) |
| (Note 7) | | (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
+------------------------------------------------------------------+
| Date of disclosure | 12.06.08 |
|----------------------------------------------+-------------------|
| Contact name | Herve Baudry |
|----------------------------------------------+-------------------|
| Telephone number | +33 1 4070 3829 |
|----------------------------------------------+-------------------|
| Name of offeree/offeror with which connected | Thus plc |
|----------------------------------------------+-------------------|
| Nature of connection (Note 9) | Connected advisor |
+------------------------------------------------------------------+
Notes
The Notes on Form 38.5(b) can be viewed on the Takeover Panel's
website at www.thetakeoverpanel.org.uk
SUPPLEMENTAL FORM 38.5(b)
DETAILS OF OPEN POSITIONS
(This form should be attached to Form 38.5(b))
2,
OPEN POSITIONS (Note 1)
+---------------------------------------------------------------------+
|Product |Written or|Number of |Exercise|Type, e.g.|Expiry |
|name, |purchased |securities to |price |American, |date |
|e.g. call | |which the option |(Note 2)|European | |
|option | |or derivative | |etc. | |
| | |relates | | | |
|----------+----------+------------------+--------+----------+--------|
|Put option|Written |1,000,000 |160p. |American |19.12.08|
|----------+----------+------------------+--------+----------+--------|
|Call |Written |1,000,000 |160p. |American |19.12.08|
|option | | | | | |
|----------+----------+------------------+--------+----------+--------|
|Call |Purchased |5,000,000 |210p. |American |17.12.10|
|option | | | | | |
|----------+----------+------------------+--------+----------+--------|
|Put option|Purchased |5,000,000 |200p. |American |18.12.09|
|----------+----------+------------------+--------+----------+--------|
|Variance |Written |25,000 |32.25% |European |18.12.09|
|Swap | | | | | |
|----------+----------+------------------+--------+----------+--------|
|Call |Written |5,000,000 |200p. |American |20.06.08|
|option | | | | | |
|----------+----------+------------------+--------+----------+--------|
|Call |Purchased |3,500,000 |170p. |American |20.06.08|
|option | | | | | |
|----------+----------+------------------+--------+----------+--------|
|Exotic |Purchased |19,277,750 | | |04.12.08|
|Call | | | | | |
|spread | | | | | |
|lock-up | | | | | |
|----------+----------+------------------+--------+----------+--------|
|Put option|Written |1,000,000 |157.5p. |American |18.12.09|
|----------+----------+------------------+--------+----------+--------|
|Call |Written |1,000,000 |157.5p. |American |18.12.09|
|option | | | | | |
|----------+----------+------------------+--------+----------+--------|
|Call |Written |3,000,000 |200p. |American |18.12.09|
|option | | | | | |
+---------------------------------------------------------------------+
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 Rules
8 and 38.5 and their Notes which can be viewed on the Takeover
Panel's website at www.thetakeoverpanel.org.uk
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