Arrowgrass
LSE : TTM

March 10, 2010 07:16 ET

Rule 8.3 - Delta Plc

                                                                                                      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)                         Arrowgrass Capital Partners LLP
Company dealt in                                        Delta Plc
Class of relevant security to which the dealings
being disclosed relate (Note 2)                         Ordinary 25p
Date of dealing                                         9 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                       0                      0%	
(2) Derivatives (other than options)          2,500,000           1.63%	
(3) Options and agreements to purchase/sell		
Total                                         2,500,000           1.63%	

(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)
	 	

(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)
CFD                      Long                   1,000,000                        1.90625



(c)	Options transactions in respect of existing securities

(i)	Writing, selling, purchasing or varying

Product name,     Writing, selling,  Number of securities  Exercise  Type, e.g.     Expiry   Option money 
e.g. call option  purchasing,        to which the option   price     American,      date     paid/received
                  varying etc.       relates (Note 7)                European etc.           per unit (Note 5) 


(ii)	Exercising

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

(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.  

None

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


Date of disclosure                                                  10 March 2010
Contact name                                                        Moana Moore
Telephone number                                                    0203 100 1049
If a connected EFM, name of offeree/offeror with which connected	
If a connected EFM, state nature of connection (Note 10)	


Notes

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

Contact Information

  • Arrowgrass