Form 8.3 - BABCOCK INTERNATIONAL GROUP
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Identity of the person whose
positions/dealings
are being disclosed: BARCLAYS PLC
(b) Owner or controller of interests and short
positions disclosed, if different from
1(a):
The naming of nominee or vehicle companies
is insufficient
(c) Name of offeror/offeree in relation to
whose relevant securities this form
relates: Babcock International Group
Use a separate form for each
offeror/offeree
(d) If an exempt fund manager connected with
an offeror/
offeree, state this and specify identity
of offeror/offeree:
(e) Date position held/dealing undertaken: 7 May 2010
(f) Has the discloser previously disclosed, or YES
are they today disclosing, under the Code
in respect of any other party
to this offer?
If YES, specify which:
VT GROUP
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or
offeree to which the disclosure relates following the dealing (if any)
Class of relevant security: Ordinary
Interests Short positions
Number % Number %
(1) Relevant
securities
wned and/or
controlled: 1,737,382 0.76% 1,031,819 0.45%
(2) Derivatives
(other
than options): 1,025,445 0.45% 341,166 0.15%
(3) Options and
agreements to
purchase/sell: 0 0.00 0 0.00
TOTAL: 2,762,827 1.20% 1,372,985 0.60%
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, or agreements to purchase or
sell relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
(b) Rights to subscribe for new securities (including directors' and other
executive options)
Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:
If there are positions or rights to subscribe to disclose in more than one class
of relevant securities of the offeror or offeree named in 1(c), copy table 2(a)
or (b) (as appropriate) for each additional class of relevant security.
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Class of Purchase/sale Number of Price per
relevant securities unit
security
ORD Purchase 227 5.5425 GBP
ORD Purchase 240 5.5075 GBP
ORD Purchase 253 5.4600 GBP
ORD Purchase 467 5.5861 GBP
ORD Purchase 500 5.4324 GBP
ORD Purchase 500 5.4400 GBP
ORD Purchase 550 5.4050 GBP
ORD Purchase 611 5.4425 GBP
ORD Purchase 624 5.4249 GBP
ORD Purchase 636 5.4809 GBP
ORD Purchase 928 5.4350 GBP
ORD Purchase 934 5.4548 GBP
ORD Purchase 960 5.4790 GBP
ORD Purchase 4,955 5.4328 GBP
ORD Purchase 14,157 5.5159 GBP
ORD Purchase 15,466 5.4845 GBP
ORD Purchase 16,354 5.4601 GBP
ORD Purchase 30,238 5.4750 GBP
ORD Purchase 34,489 5.4326 GBP
ORD Sale 227 5.5425 GBP
ORD Sale 240 5.5075 GBP
ORD Sale 253 5.4600 GBP
ORD Sale 354 5.6000 GBP
ORD Sale 364 5.4393 GBP
ORD Sale 459 5.5175 GBP
ORD Sale 500 5.4400 GBP
ORD Sale 500 5.4694 GBP
ORD Sale 550 5.4050 GBP
ORD Sale 550 5.4088 GBP
ORD Sale 611 5.4425 GBP
ORD Sale 722 5.4341 GBP
ORD Sale 3,855 5.4352 GBP
ORD Sale 7,194 5.4105 GBP
ORD Sale 9,416 5.4576 GBP
ORD Sale 20,365 5.4307 GBP
ORD Sale 24,873 5.4993 GBP
ORD Sale 25,601 5.4475 GBP
ORD Sale 38,567 5.5309 GBP
(b) Derivatives transactions (other than options)
Class of Product Nature of dealing Number of Price
relevant description e.g. opening/ reference per unit
security e.g. CFD closing a long/ securities
short position,
increasing/reducing
a long/short position
ORD CFD Long 722 5.4340 GBP
ORD CFD Long 25,601 5.4475 GBP
ORD CFD Long 38,567 5.5309 GBP
ORD CFD Short 636 5.4808 GBP
ORD CFD Short 15,466 5.4845 GBP
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Class of Product Writing, Number Exercise Type Expiry Option
relevant description purchasing, of Price e.g. date Money
security e.g. selling, securities per unit paid/
call varying to which American, received
option etc. option European per unit
relates etc.
(ii) Exercising
Class of Product Number of Exercise
relevant description securities price
security e.g. call per unit
option
(d) Other dealings (including subscribing for new securities)
Class of Nature of Details Price per
Relevant dealing e.g. unit
security subscription, (if applicable)
conversion
The currency of all prices and other monetary amounts should be stated.
Where there have been dealings in more than one class of relevant securities of
the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may be
an inducement to deal or refrain from dealing entered into by the person making
the disclosure and any party to the offer or any person acting in concert with a
party to the offer:
If there are no such agreements, arrangements or understandings, state "none"
(b) Agreements, arrangements or understandings relating to options or
derivatives
Details of any agreement, arrangement or understanding, formal or informal,
between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? NO
Date of disclosure: 10 May 2010
Contact name: Geoff Smith
Telephone number: 020 7116 2913
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information
Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's
dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.