RNS Number:8289G
Merrill Lynch International
7 March 2000


FORM 38.5 (SUMMARY)
                                                

Lodge with Company Announcements Office and the Panel.  Use a separate form   
for each class of securities in which dealings have been made.                
                                


                       CONNECTED EXEMPT MARKET-MAKERS:                        
    DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS      
                                          



Name of EMM               Merrill Lynch International                         
          
Date of disclosure        March 7, 2000                                
  
Contact name              Linda Blatt                                   

Telephone number          0171 772 1040                                  
 


Please see attached disclosure of dealings under Rule 38.5 in the securities  
                                              
of the following companies:                                                 

Racal Electronics plc                                                 
                                                 
BTP plc                                                 
                                                 
Ocean Group Plc                                                 
                                                 
Exel Plc                                                 



AMENDMENT                                                 

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:

In the case of option business or dealings in derivatives full details should
be given on a separate sheet so that the nature of the dealings can be fully
understood.  For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date),
the exercise price and any option money paid or received.  For derivatives
this should include, at least, the number of reference securities to which
they relate (when relevant), the maturity date (or if applicable the closing
out date) and the reference price.

For full details of disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel,
Tel. No: 0171 638 0129

                                                 

                                                                  
                                                                     FORM 38.5
                                                
                                                 

                          CONNECTED EXEMPT MARKET-MAKERS:                     
      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           



Dealing in                      Racal Electronics plc   (name of company)       

Class of security               Ordinary                     

Date of disclosure              7/3/2000                     

Date of dealing                 6/3/2000                     

Name of EMM                     Merrill Lynch International                   
               

Name of offeree/offeror with whom connected            Racal Electronics plc    
  





Total number of securities purchased                            226,067       
                                   
Highest price paid*                                             #4.22       
                                   
Lowest price paid*                                              #4.19       
                                   
                                   
                                   
                                   
Total number of securities sold                                 218,495       
                                   
Highest price received*                                         #4.28       
                                   
Lowest price received*                                          #4.21       



*Currency must be stated                                                 
                                                 
                                                 

                                                                     FORM 38.5
                                                


                          CONNECTED EXEMPT MARKET-MAKERS:                     
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           



Dealing in                      BTP plc                   (name of company)     
 

Class of security               Ordinary                                   

Date of disclosure              7/3/2000                     

Date of dealing                 6/3/2000                     

Name of EMM                     Merrill Lynch International                   
               

Name of offeree/offeror with whom connected                       BTP plc
      





Total number of securities purchased                            1,292       
                                   
Highest price paid*                                             #5.90       
                                   
Lowest price paid*                                              #5.90         
           
                                                 
                                                 
                                                 
Total number of securities sold                                 Nil           
         
Highest price received*                                         n/a           
         
Lowest price received*                                          n/a           
         



*Currency must be stated                                                 
                                                 


                                                                     FORM 38.5
                                                


                          CONNECTED EXEMPT MARKET-MAKERS:                     
      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           



Dealing in                      Ocean Group Plc              (name of company)  
    

Class of security               Ordinary                                   

Date of disclosure              7/3/2000                                   

Date of dealing                 6/3/2000                     

Name of EMM                     Merrill Lynch International                   
               

Name of offeree/offeror with whom connected                   Ocean Group Plc   
   





Total number of securities purchased                            51,308       
                                   
Highest price paid*                                             #11.95       
                                   
Lowest price paid*                                              #11.88       
                                   
                                                 
                                                 
                                                 
                                                 
Total number of securities sold                                 41,841        
            
Highest price received*                                         #12.06        
            
Lowest price received*                                          #11.80        
            



*Currency must be stated                                                 
                                                 


                                                                     FORM 38.5
                                                
                                                 
                                                 
                          CONNECTED EXEMPT MARKET-MAKERS:                     
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           
                                                 
                                                 
                                                 
Dealing in                      Exel Plc                     (name of company)  
    
                                                 
Class of security               Ordinary                                   
                                                 
Date of disclosure              7/3/2000                                   
                                                 
Date of dealing                 6/3/2000                                   
                                                 
Name of EMM                     Merrill Lynch International                   
                             
                                                 
Name of offeree/offeror with whom connected                   Ocean Group Plc   
                 
                                                 
                                                 
                                                 
                                                 
                                                 
Total number of securities purchased                            232,153       
             
Highest price paid*                                             #3.235        
            
Lowest price paid*                                              #3.12         
           
                                                 
                                                 
                                                 
Total number of securities sold                                 280,517       
             
Highest price received*                                         #3.28         
           
Lowest price received*                                          #3.14         
           
                                                 
                                                 
                                                 
*Currency must be stated      


END                                           
                                                 
                                                 
                                                 
                                                 
     
EMMKKOKQBBKDFNK


Bns Telecom (LSE:BTP)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Bns Telecom Charts.
Bns Telecom (LSE:BTP)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Bns Telecom Charts.