Arrowgrass Capital Partners LLP
LSE : TTM

April 29, 2010 10:55 ET

Form 8.3 - Forth Ports PLC

                                                                                         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

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(a)Identity of the person whose positions/dealings are being         Arrowgrass Capital Partners LLP
disclosed:
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(b)Owner or controller of interests and short positions disclosed,   
if different from 1(a):
   The naming of nominee or vehicle companies is insufficient
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(c)Name of offeror/offeree in relation to whose relevant             Forth Ports PLC
securities this form relates:
   Use a separate form for each offeror/offeree
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(d)If an exempt fund manager connected with an offeror/offeree,      N/A
state this and specify identity of offeror/offeree:
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(e)Date position held/dealing undertaken:                            28 April 2010
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(f)Has the discloser previously disclosed, or are they today         No
disclosing, under the Code in respect of any other party to
this offer?
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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)

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Class of relevant security:                                          Ordinary 50p
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                                                      Interests                  Short positions
                                            ---------------------------------------------------------
                                                   Number             %          Number            %
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(1)Relevant securities owned and/or
controlled:
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(2)Derivatives (other than options):              517,310           1.131%
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(3)Options and agreements to purchase/sell:
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TOTAL:                                            517,310           1.131%
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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)

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Class of relevant security in relation to which     
subscription right exists:
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Details, including nature of the rights concerned   
and relevant percentages:
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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

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   Class of relevant             Purchase/sale           Number of securities          Price per unit
        security
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(b)     Derivatives transactions (other than options)

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Class of relevant        Product              Nature of dealing         Number of      Price per unit
security               description          e.g. opening/closing a     reference
                        e.g. CFD            long/short position,       securities
                                            increasing/reducing a
                                             long/short position
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Ordinary 50p         CfD                Reducing a long position        50,000             1300.00
                     
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Ordinary 50p         CfD                Reducing a long position        14,225             1300.00
                     
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Ordinary 50p         CfD                Reducing a long position        35,775             1302.3898
                     
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(c)     Options transactions in respect of existing securities

(i)     Writing, selling, purchasing or varying

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  Class of       Product         Writing,       Number of      Exercise    Type       Expiry   Option
  relevant     description      purchasing,     securities    price per    e.g.        date     money
  security      e.g. call        selling,        to which        unit    American,              paid/
                  option       varying etc.       option                 European            received
                                                 relates                   etc.              per unit
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(ii)    Exercising

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 Class of relevant          Product description        Number of securities   Exercise price per unit
 security                    e.g. call option
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(d)     Other dealings (including subscribing for new securities)

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Class of relevant             Nature of dealing                   Details         Price per unit (if
security           e.g. subscription, conversion                                         applicable)
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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

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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"
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None

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(b)     Agreements, arrangements or understandings relating to options or derivatives

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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"
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None

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(c)     Attachments

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Is a Supplemental Form 8 (Open Positions) attached?                                     NO
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Date of disclosure:                               29 April 2010
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Contact name:                                     Alison Wheeler
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Telephone number:                                 0203 100 1055
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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.

Contact Information

  • Arrowgrass Capital Partners LLP