Arrowgrass Capital Partners LLP
LSE : TTM

March 25, 2010 10:28 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   Ordinary 25p
being disclosed relate (Note 2)
Date of dealing                                    24 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)               2,650,000           1.72%
(3) Options and agreements to purchase/sell                                             
    
Total                                              2,650,000           1.72%      


(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,           Long/short (Note 6)         Number of securities (Note 7)           Price per unit (Note 5)
e.g. CFD
CFD                     Long                        150,000                                 2.03

        

(c)     Options transactions in respect of existing securities

(i)     Writing, selling, purchasing or varying

Product name,          Writing,            Number of securities    Exercise    Type, e.g.       Expiry       Option money
e.g. call option       selling,            to which the option     price       American,        date         paid/received
                       purchasing,         relates (Note 7)                    European etc.                 per unit (Note
                       varying etc.                                                                          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                                                      25 March 2010
Contact name                                                            Alison Wheeler
Telephone number                                                        0203 100 1000
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 Capital Partners LLP