Rule 8 - Amey Plc
16 Abril 2003 - 6:54AM
UK Regulatory
RNS Number:1103K
Cantor Fitzgerald Europe
16 April 2003
FORM 8.1/8.3
Lodge with a RIS or Newstrack and the Takeover Panel. Use separate form for each class of securities in which
dealings have been made.
Date of disclosure 16/04/03...........
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 15/04/03..................................
Dealing in Amey Plc................(name of company)
(1) Class of securities (eg ordinary shares) ordinary shares.....................................
(2) Amount bought Amount sold Price per unit
60,000 0.265
50,000 0.260
25,000 0.260
25,000 0.2599
50,000 0.2599
35,000 0.2701
285,000 0.270
250,000
50,000 0.2701
50,000 0.270
200,000 0.265
In addition, Cantor Fitzgerald Europe (and affiliates) have undertaken certain CFD and Spreadbet transactions(see
below).
(3) Resultant total of the same class owned or controlled
(and percentage of class) 2,722,555 shares* ( 1.08%)
(4) Party making disclosure Cantor Fitzgerald Europe...................................
(5) EITHER (a) Name of purchaser/vendor (Note 1) Cantor Fitzgerald Europe........................
OR (b) If dealing for discretionary client(s), name of fund management organisation
.................................................................................................................
..........
(6) Reason for disclosure (Note 2)
(a) associate of (i) offeror (Note 3) NO
(ii) offeree company NO
Specify which category or categories of associate (1-8 overleaf)
.................................................
If category (8), explain
.................................................................................................
.................................................................................................................
............
(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of
the class of relevant securities dealt in) YES
Signed, for and on behalf of the party named in (4) above
.............................................................
(Also print name of signatory) Ross Tanton...................
Telephone and extension number 020 7894 7214..............................
______________________________________
*In addition, Cantor Fitzgerald Europe(and affiliates) are party to certain CFDs and Spreadbets (see below)
Note 1. Specify owner, not nominee or vehicle company. If relevant, also identify controller of owner, eg where
an owner normally acts on instructions of a controller.
Note 2. Disclosure might be made for more than one reason; if so, state all reasons.
Note 3. Specify which offeror if there is more than one.
Note 4. When an arrangement exists with any offeror, with the offeree company or with an associate of any offeror
or of the offeree company in relation to relevant securities, details of such arrangement must be disclosed, as
required by Note 6 on Rule 8.
Note 5. It may be necessary, particularly when disclosing derivative transactions, to append a sheet to this
disclosure form so that all relevant information can be given.
Note 6. In the case of an average price bargain, each underlying trade should be disclosed.
For full details of disclosure requirements, see Rule 8 of the Code. If in doubt, contact the Panel on Takeovers and
Mergers, Monitoring Section, Tel. No: 020 7638 0129. E-mail:monitoring@disclosure.org.uk
Date of Disclosure: April 16, 2003
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 2,722,555 Amey PLC ordinary shares. 2,500,000 of these shares are
held to hedge Contract for Differences ("CFD") positions for clients and 232,000 of these shares are held to hedge
Spreadbet positions between Cantor Index Limited and other clients.
A Long CFD is a product where the client to whom the product is sold is taking a long economic interest in the
underlying share price such that the client can realise a gain if the price of the underlying securities rises above
the reference price.
A Spread Bet is a product where the client to whom the product is sold can realise a gain or a loss depending on
whether the price of the underlying security increases above or falls below the reference price. The client's Spread
bet position is described as his "stake". A "stake" is expressed in pounds (sterling) per "point" and a "point" is
the price in pence of the underlying shares. A client with a "stake" of #100 per point will make a gain of #100 for
every penny increase in the underlying shares and he/she has an exposure equivalent to 10,000 shares.
A purchaser of a Spread Bet or a CFD contract will realise a gain if the price of the underlying security goes up. A
seller of a Spread Bet or a CFD contract will realise a gain if the price of the underlying security goes down.
There are no written or oral agreements between Cantor Fitzgerald Europe and any clients concerning the control of
voting rights in relation to the underlying shares used to hedge the CFDs and Spreadbets.
The CFD contracts are open-ended and there is no rollover into new contracts
Amey PLC Date of Disclosure: April 16,
2003
Contracts for Differences
Cantor Reference
Fitzgerald Underlying Number Price
Product Name Date Executed Buy/Sell Of Shares (pence)
Amey Plc, Long CFD April 14, 2003 Sell 2,500,000 23
2,500,000
CFDs closed out
on 15 Apr 2003 Open Close
Open Date Price Price
Amey Plc, Long CFD April 14, 2003 Sell 150,000 23.5 26.5
Amey Plc, Long CFD April 14, 2003 Sell 100,000 25 26.25
Amey PLC
Spread Bets
Cantor Reference
Fitzgerald Stake - # per Point Price
Expiry Date Date Executed Buy/Sell 1 Point = 1 pence (pence)
17-Jun-03 March 28, 2003 Sell 400 33
17-Jun-03 April 14, 2003 Sell 300 26.25
17-Jun-03 April 14, 2003 Sell 500 23.8
17-Jun-03 April 14, 2003 Sell 500 24.24
17-Jun-03 April 15, 2003 Sell 20 26.3
17-Jun-03 April 15, 2003 Sell 300 26.77
17-Jun-03 April 15, 2003 Sell 300 26.77
16-Sep-03 April 15, 2003 Sell 600 27.56
16-Sep-03 April 15, 2003 Buy 600 27.34
2,920
600
Net Sell 2,320
This information is provided by RNS
The company news service from the London Stock Exchange
END
DCCKGGMDMVGGFZM