Rule 8.1- Babcock Int

RNS Number : 3956H

Royal Bank of Scotland Group PLC

19 February 2010

 

                                                                                                                                                     FORM 8.1(b)(ii)

DEALINGS BY CONNECTED EXEMPT FUND MANAGERS

ON BEHALF OF DISCRETIONARY CLIENTS

(Rule 8.1(b)(ii) of the Takeover Code)

1.         KEY INFORMATION

Name of exempt fund manager	Adam & Company Investment Management Ltd (wholly owned subsidiary of The Royal Bank of Scotland Group plc)
Company dealt in	Babcock International Group plc
Class of relevant security to which the dealings being disclosed relate 1	Ordinary 60p
Date of dealing	18 February 2010

2.         INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)        Interests and short positions (following dealing) in the class of relevant security dealt in ²

	Long	Short
	Number                                     (%)	Number                                         (%)
(1) Relevant securities 3	581,575                               (0.2532)	0                                                 (0.0)
(2) Derivatives (other than options)	0                                              (0.0)	0                                                 (0.0)
(3) Options and agreements to purchase/sell	0                                              (0.0)	0                                                 (0.0)
Total	581,575                               (0.2532)	0                                                 (0.0)

(b)        Interests and short positions in relevant securities of the company, other than the class dealt in ²

Class of relevant security:	Long	Short
	Number                                     (%)	Number                                         (%)
(1) Relevant securities 3
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

(c)        Rights to subscribe ²

Class of relevant security:	Details

3.         DEALINGS ⁴

(a)        Purchases and sales

Purchase/sale	Number of securities	Price per unit  5
Purchase	940	GBP 5.5400

(b)        Derivatives transactions (other than options)

Product name, e.g. CFD	Long/short 6	Number of securities 7	Price per unit 5

(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 7	Exercise price	Type, e.g. American, European etc.	Expiry date	Option money paid/received per unit 5

(ii)        Exercising

Product name, e.g. call option	Number of securities	Exercise price per unit 5

(d)        Other dealings (including new securities) ⁴

Nature of transaction 7	Details	Price per unit (if applicable) 5

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.

NONE

Is a Supplemental Form 8 attached? ⁹                                                              YES/NO

Date of disclosure	19 February 2010
Contact name	Richard Hopkins
Telephone number	020 7 672 0354
Name of offeree/offeror with which connected	Mouchel Group Plc
Nature of connection 10	Financial Adviser and Corporate Broker

Notes

1.	See the definition of "relevant securities" in the Definitions Section of the Code.
2.	See Note 5 on Rule 8 and the definition of "interests in securities" in the Definitions Section of the Code.  Rights to subscribe for new shares should be disclosed separately from interests and short positions in existing securities.  Rights to subscribe include directors' and other executive options.
3.	Where relevant securities are held within a fund in respect of which seed capital represents 10% or more of the funds under management, specify the percentage of seed capital in addition to the amount of stock held within that fund.
4.	See the definition of "dealings" in the Definitions Section of the Code.
5.	For all prices and other monetary amounts, the currency must be stated.
6.	If a long position has been increased or a short position reduced as a result of the dealing, write "long".  If a short position has been increased or a long position reduced as a result of the dealing, write "short".  If the dealing has not resulted in a long or short position being increased or reduced, give details of the variation or other dealing.
7.	See Note 3 on the definition of "interests in securities" in the Definitions Section of the Code.
8.	State type of dealing, e.g. "subscription", "conversion", "exercise" etc.
9.	Where there are open option positions or open derivative positions (other than CFDs), or where there is an agreement to purchase or to sell, Supplemental Form 8 should be completed.
10.	See the definition of "connected fund managers and principal traders" in the Definitions Section of the Code.

For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

 

END

 

 

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