Rule 8.3- Eidos Plc
May 04 2005 - 5:55AM
UK Regulatory
RNS Number:8371L
Man Financial Limited
04 May 2005
Date Of Disclosure: 04/05/05
Fax to 020 7256 9386 (Take Over Panel) and 020 7588 6057 (RNS) 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.
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE
CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 03/05/05
(1) Name of Company Dealing in Eidos PLC
Class of securities ORDINARY SHARES
(2) Amount Bought Amount Sold Price (GBP)
80000 0.5800
In addition, Man Financial Ltd have entered into CFD and Spread Betting
arrangements with its clients which are detailed below.
(3) Resultant total of the same class owned or controlled and percentage of
class 2,646,884 1.86%
(4) Party making disclosure MAN FINANCIAL LIMITED
(5) Name of purchaser/vendor (Note1) MAN FINANCIAL LIMITED
(6) Reason for disclosure (Note 2)
(a) Associate of (i) offeror (Note 3) - NO
(b) (i) offeree Company - NO
Specify which category or categories of associate (1-8 overleaf)
If category (8), explain
Rule 8.3 (i.e. 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 Stewart Horner
Telephone and extension number 020-7144-4201
Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, e.g. 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
NOTES REGARDING DISCLOSURE
Man Financial Ltd ("MAN") is the beneficial owner of 2,646,884 Ordinary Shares
in the above company which are held to hedge CFD & Spread Betting positions
(see below) established between MAN and its clients. A Contract for Difference
or CFD is an agreement between two parties to exchange, at the close of the
contract, the difference between the opening price and the closing price,
multiplied by the number of reference shares specified within the contract. The
'reference shares' are the underlying shares specified in the CFD. The economic
performance of the CFD is determined by the performance of the underlying
reference shares. Although CFDs replicate the price movement of the underlying
reference shares, they convey no right or requirement to acquire or deliver the
physical shares.
The contract value of a CFD is defined as the number of reference shares
specified in the contract, multiplied by the price of the underlying reference
share. If a client of Man takes a long position, the client will make a profit
if the contract value increases. Conversely, if a client of Man takes a short
position, the client will benefit if the contract value falls. The CFD
contracts detailed below are open-ended and without predetermined expiry/close
value A Spread Bet is a product whereby 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. A
client's Spread bet position is described the client's 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 the client
has an exposure equivalent to 10,000 shares.
DEFINITION OF ASSOCIATE
It is not practicable to define associate in terms which would cover all the
different relationships which may exist in an offer. The term associate is
intended to cover all persons (whether or not acting in concert) who directly or
indirectly own or deal in the shares of an offeror or the offeree company in
an offer and who have (in addition to their normal interests as shareholders)
an interest or potential interest, whether commercial, financial or personal,
in the outcome of the offer. Without prejudice to the generality of the
foregoing, the term associate will normally include the following:-
(1) an offeror's or the offeree company's parent, subsidiaries and fellow
subsidiaries, and their associated companies, and companies of which such
companies are associated companies (for this purpose ownership or control of
20% or more of the equity share capital of a company is regarded as the test of
associated company status);
(2) banks and financial and other professional advisers (including
stockbrokers)* to an offeror, the offeree company or any company covered in
(1), including persons controlling#, controlled by or under the same control as
such banks, financial and other professional advisers;
(3) the directors (together with their close relatives & related trusts) of an
offeror, the offeree company or any company covered in (1);
(4) the pension funds of an offeror, the offeree company or any company
covered in (1);
(5) any investment company, unit trust or other person whose investments an
associate manages on a discretionary basis, in respect of the relevant
investment accounts;
(6) a person who owns or controls 5% or more of any class of relevant
securities (as defined in paragraphs (a) to (d) in Note 2 on Rule 8) issued
by an offeror or an offeree company, including a person who as a result of any
transaction owns or controls 5% or more. When two or more persons act
pursuant to an agreement or understanding (formal or informal) to acquire or
control such securities, they will be deemed to be a single person for the
purpose of this paragraph. Such securities managed on a discretionary basis
by an investment management group will, unless otherwise agreed by the Panel,
also be deemed to be those of a single person (see Note 8 on Rule 8); and
(7) a company having a material trading arrangement with an offeror or the
offeree company. Paragraphs (1)-(7) are typical cases.
Paragraph (8) below is a category to cover associate status not within (1)-(7).
(8) Other.
CFDs CLOSED OUT
PRODUCT NAME POS. OPEN OPEN DATE CLOSE
Eidos PLC SHORT CFD 80000 0.3900 18/03/05 0.5800
CFD OPEN INTEREST
PRODUCT NAME EXECUTED MAN FIN Ref Shares PRICE (GBP)
LTD
Eidos PLC LONG CFD 29/04/05 SALE 365,000 0.6150
Eidos PLC LONG CFD 28/04/05 SALE 430,000 0.6150
Eidos PLC LONG CFD 28/04/05 SALE 100,000 0.6300
Eidos PLC LONG CFD 28/04/05 SALE 50,000 0.6350
Eidos PLC LONG CFD 27/04/05 SALE 250,000 0.6700
Eidos PLC LONG CFD 27/04/05 SALE 100,000 0.6800
Eidos PLC LONG CFD 27/04/05 SALE 100,000 0.6750
Eidos PLC LONG CFD 27/04/05 SALE 50,000 0.6850
Eidos PLC LONG CFD 27/04/05 SALE 42,884 0.6875
Eidos PLC LONG CFD 26/04/05 SALE 100,000 0.6900
Eidos PLC LONG CFD 26/04/05 SALE 105 0.6850
Eidos PLC LONG CFD 26/04/05 SALE 2,287 0.6800
Eidos PLC LONG CFD 26/04/05 SALE 14,600 0.6750
Eidos PLC LONG CFD 26/04/05 SALE 30,700 0.6825
Eidos PLC LONG CFD 26/04/05 SALE 33,300 0.6775
Eidos PLC LONG CFD 26/04/05 SALE 50,000 0.6825
Eidos PLC LONG CFD 26/04/05 SALE 76,124 0.6800
Eidos PLC LONG CFD 26/04/05 SALE 50,000 0.6850
Eidos PLC LONG CFD 25/04/05 SALE 25,000 0.6900
Eidos PLC LONG CFD 25/04/05 SALE 125,000 0.6900
Eidos PLC LONG CFD 25/04/05 SALE 100,000 0.6875
Eidos PLC LONG CFD 25/04/05 SALE 25,000 0.6975
Eidos PLC LONG CFD 22/04/05 SALE 25,000 0.7000
Eidos PLC LONG CFD 21/04/05 SALE 4,000 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 100,000 0.6889
Eidos PLC LONG CFD 21/04/05 SALE 2,000 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 9,189 0.6750
Eidos PLC LONG CFD 21/04/05 SALE 17,916 0.6925
Eidos PLC LONG CFD 21/04/05 SALE 25,395 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 48,850 0.6800
Eidos PLC LONG CFD 21/04/05 SALE 50,000 0.6800
Eidos PLC LONG CFD 21/04/05 SALE 50,000 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 62,500 0.6900
Eidos PLC LONG CFD 21/04/05 SALE 29,000 0.6925
Eidos PLC LONG CFD 18/04/05 SALE 11,500 0.7025
Eidos PLC LONG CFD 18/04/05 SALE 39,650 0.7000
Eidos PLC LONG CFD 04/04/05 SALE 39,200 0.7350
Eidos PLC LONG CFD 24/03/05 SALE 10,000 0.6125
Eidos PLC LONG CFD 18/03/05 SALE 26,485 0.3900
Eidos PLC LONG CFD 08/10/04 SALE 45,000 0.9624
Eidos PLC LONG CFD 07/10/04 SALE 9,213 0.9690
Eidos PLC LONG CFD 06/10/04 SALE 17,986 0.9725
Eidos PLC LONG CFD 17/07/01 SALE 1,000 0.0000
Eidos PLC LONG CFD 24/03/00 SALE 2,000 3.0500
Eidos PLC LONG CFD 28/01/00 SALE 1,000 5.9000
Eidos PLC SHORT CFD 07/04/05 SALE 100,000 0.7296
This information is provided by RNS
The company news service from the London Stock Exchange
END
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