Rule 8.1-Babcock Internationa

RNS Number : 4195J

Babcock International Group PLC

30 March 2010

 



                                                                                                                                                            FORM 8.1                                                                 

DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES

FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS

(Rules 8.1(a) and (b)(i) of the Takeover Code)

1.         KEY INFORMATION

Name of person dealing (Note 1)	The persons listed at Appendix 1
Company dealt in	Babcock International Group PLC
Class of relevant security to which the dealings being disclosed relate (Note 2)	Ordinary Shares of 60 pence each
Date of dealing	29 March 2010

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	See interests in relevant securities (following dealings) at Appendix 1
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

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

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

(c)        Rights to subscribe (Note 3)

Class of relevant security:	Details

3.         DEALINGS (Note 4)

(a)        Purchases and sales

Purchase/sale	Number of securities	Price per unit (Note 5)
Please refer to the description of dealings in Appendix 1. All dealings are pursuant to Babcock International Group PLC's 2007 LTIP Award.

(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)

(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)

(ii)        Exercising

Product name, e.g. call option	Number of securities	Exercise price per unit (Note 5)
Please refer to the description of dealings in Appendix 1. All dealings are pursuant to Babcock International Group PLC's 2007 LTIP Award.

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

Nature of transaction (Note 8)	Details	Price per unit (if applicable) (Note 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.

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

Date of disclosure	30 March 2010
Contact name	Albert Dungate, Group Company Secretary and General Counsel, Babcock International Group PLC
Telephone number	[phone]
Name of offeree/offeror with which associated	Babcock International Group PLC
Specify category and nature of associate status (Note 10)	All directors of offeror subsidiaries, associates of Babcock International Group PLC

Notes

The Notes on Form 8.1 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

APPENDIX 1

Note: Each of the sales referred to below were the sale of sufficient shares to cover resultant tax liability whilst continuing to hold the balance

Name of person dealing (Note 1)	Nature of transaction	Number of securities	Price per unit (Note 5)	Interests and short positions (following dealing) in the class of relevant security dealt in
A Bethel	Exercise of 2007 LTIP  Award	40,407	580.368 pence	117,387
A Bethel	Sale of shares	16,609	580.368 pence	100,778
A Dungate	Exercise of 2007 LTIP  Award	35,468	580.368 pence	196,662
A Dungate	Sale of shares	14,579	580.368 pence	182,083
M Fellowes	Exercise of 2006 and 2007 LTIP  Award	15,040 & 25,849	580.368 pence	40,889
M Fellowes	Sale of shares	16,807	580.368 pence	24,082
J Howie	Exercise of 2007 LTIP  Award	14,366	580.368 pence	14,810
J Howie	Sale of shares	5,905	580.368 pence	8,905
F Martinelli	Exercise of 2007 LTIP  Award	30,529	580.368 pence	100,864
F Martinelli	Sale of shares	12,549	580.368 pence	88,315
P Rogers	Exercise of 2007 LTIP  Award	74,528	580.368 pence	741,169
P Rogers	Sale of shares	30,634	580.368 pence	710,535
N Russell	Exercise of 2007 LTIP  Award	11,930	580.368 pence	11,930
N Russell	Sale of shares	4,904	580.368 pence	7,026
W Tame	Exercise of 2007 LTIP  Award	51,182	580.368 pence	396,084
W Tame	Sale of shares	21,038	580.368 pence	375,046
K Thomas	Exercise of 2007 LTIP  Award	37,713	580.368 pence	109,059
K Thomas	Sale of shares	15,502	580.368 pence	93,557
R Whiley	Exercise of 2007 LTIP  Award	11,673	580.368 pence	23,479
R Whiley	Sale of shares	4,799	580.368 pence	18,680

 

END

 

 

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