Rule 8.1
August 04 2003 - 11:55AM
UK Regulatory
RNS Number:3119O
Raft International PLC
04 August 2003
Raft International plc ("Raft International" or the "Company")
Disclosure under Rules 8.1(a), 8.1(b)(i) and 8.3 of the City Code on Takeovers
and Mergers
The Company was notified today that on 1 August 2003 Paul Scott purchased
100,000 ordinary shares in Raft International for 21.5p each and an additional
100,000 ordinary shares at 21p per share. Following these purchases Paul Scott
now holds a total of 675,000 ordinary shares, representing 1.03 per cent of the
issued share capital of the Company. In addition, Paul Scott holds contracts for
difference (CFD) notes in respect of 300,000 shares as shown below.
Additional Note
A purchaser of a long CFD Contract will realise a gain if the price of the
underlying security goes up. A seller of a CFD Contract will realise a gain if
the price of the underlying security goes down.
The CFD Contracts shown below are open-ended and there is no rollover into new
contracts.
Product name Date executed Buy/Sell No. shares Price
Long CFD 06/06/2003 Buy 200,000 8.125p
Long CFD 11/06/2003 Buy 50,000 11.5p
Long CFD 29/07/2003 Buy 50,000 13.0p
Total 300,000
This information is provided by RNS
The company news service from the London Stock Exchange
END
DCCNKQKQABKDBFK