Rule 8.3 - Venture Production

RNS Number : 5827V
3i Group PLC
13 July 2009
 



                                       FORM 8.3      

                  

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE 

(Rule 8.3 of the Takeover Code)



1.    KEY INFORMATION


Name of person dealing  (Note 1)

3i Group Plc and subsidiaries

 

Company dealt in

Venture Production Plc

 

Class of relevant security to which the dealings being disclosed relate (Note 2)

 

Ordinary shares 0.4p

Date of dealing

10th July 2009

 



2.    INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a)    Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)




Long

Short



Number       (%)

Number    (%)

(1) Relevant securities 


              (0%)

N/A

(2) Derivatives (other than options)


N/A

N/A

(3) Options and agreements to purchase/sell


N/A

N/A

Total


0             (0%)

N/A


(b)    Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)


Class of relevant security: Convertible Bond (£1 nominal value)


Long

Short



Number       (%)

Number       (%)

(1) Relevant securities 


0*                  (0%)

N/A

(2) Derivatives (other than options)


N/A

N/A

(3) Options and agreements to purchase/sell


N/A

N/A

Total


0*             (0%)

N/A



* See section 4 below (Other Information) for a description of a conditional sale of £75,500,000 3.25% Convertible Unsecured Bonds due 2010.


(c)    Rights to subscribe (Note 3)


Class of relevant security:


Details

N/A





3.    DEALINGS (Note 4)


(a)    Purchases and sales


Purchase/sale


Number of securities

Price per unit (Note 5)

Sale


8,108,328

£8.45



(b)    Derivatives transactions (other than options)


Product name, 

e.g. CFD

Long/short (Note 6)

Number of securities (Note 7)

Price per unit (Note 5)

N/A








(c)    Options transactions in respect of existing securities

(i)    Writing, selling, purchasing or varying


Product name,

e.g. call option


Writing, selling, purchasing, varying etc.

Number of securities to which the option relates (Note 7)

Exercise

price 

Type, e.g. American, European etc.

Expiry 

date

Option money

paid/received per unit (Note 5) 

N/A









(ii)    Exercising


Product name, e.g. call option

Number of securities 

Exercise price per unit (Note 5)


N/A





(d)    Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)


Details

Price per unit (if applicable) (Note 5)

N/A









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.  


Please note that the sale (dealt on 10 July 2009) of £75,500,000 3.25% Convertible Unsecured Bonds due 2010 is conditional on the Panel on Takeovers and Mergers providing a binding inter partes ruling that the sale and purchase of the convertible bonds: (i) is not prohibited by Rule 16 of the City Code on Takeovers and Mergers (the 'Code') or Rule 5 of the Code; and (ii) does not trigger any obligations under Rule 6.1 of the Code, and such ruling of the Panel on Takeovers and Mergers not being successfully challenged or overturned. 




Is a Supplemental Form 8 attached? (Note 9)                NO



Date of disclosure

13th July 2009

 

Contact name

Andrew Haywood

 

Telephone number

0207 975 3327

 

If a connected EFM, name of offeree/offeror with which connected

N/A

 

If a connected EFM, state nature of connection (Note 10)

N/A

 


Notes


The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk




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