Stark Investments (UK) Ltd.
LSE : TTM

March 24, 2010 06:38 ET

Rule 8.3 (Skillsoft plc)





                                                                          FORM 8.3
  
                                 IRISH TAKEOVER PANEL
  
      DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER
                               RULES, 2007 (AS AMENDED)
  
              DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES
                               REPRESENTING 1% OR MORE
  
  1.  KEY INFORMATION
   Name of person dealing (Note 1)         Stark Master Fund, Ltd. and Stark
                                         Criterion Master Fund Ltd.
   Company dealt in                        Skillsoft plc
   Class of relevant security to           ADS (ISIN) US8309281074
  which the dealings being disclosed
  relate (Note 2)
   Date of dealing                         23 March 2010
   
  
  2.   INTERESTS AND SHORT POSITIONS
  
  (a)   Interests and short positions (following dealing) in the class of
        relevant security dealt in (Note 3)
                                                      Long                   Short
                                           Number       (%)          Number
                                                                    (%)
   (1) Relevant securities                 2,678,452 -  2.8297%       
   (2) Derivatives (other than options)                               
   (3) Options and agreements to                                      
  purchase/sell
   Total                                   2,678,452 -  2.8297%       
   (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
   
  
  
  
                                                         1 February 2009



  3.  DEALINGS (Note 4)                                                            
 
  (a) Purchases and sales
                                                                                      
 Purchase/sale              Number of relevant securities       Price per unit
                                                                (Note 5)
   Purchase               50,000                               USD 10.60              
  Purchase                100,000                              USD 10.56              
                                                                                    
 
  (b) Derivatives transactions (other than options transactions)
  Product name,                                                                        
 e.g. CFD         Nature of transaction Number of relevant securities Price per
                                                                      unit
                 (Note 6)              (Note 7)                      
                                                                     (Note 5)
                                                                                       
                                                                                    
 
  (c) Options transactions in respect of existing relevant securities
 
  (i) Writing, selling, purchasing or varying
  Product       Writing,     Number of        Exerci   Type,        Expi    Option      
 name, e.g.    selling,     securities to    se       e.g.         ry      money
 call          purchasing,  which the        price    American,    date    paid/receiv
 option        varying      option relates            European            ed per unit
               etc.         (Note 7)                  etc.                (Note 5)
                                                                                          
                                                                                    
 
 
  (ii)Exercising
  Product name,              Number of securities                Exercise price     
 e.g. call                                                      per unit (Note
 option                                                         5)
                                                                                      
                                                                                    
 
 
  (d) Other dealings (including transactions in respect of new securities) (Note
  4)
  Nature of transaction      Details                             Price per unit     
 (Note 8)                                                       (if applicable)
                                                                (Note 5)
                                                                                      
                                                                                    
                                                               1 February 2009



   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                        24 March, 2010                          
   Contact name                              Beatriz Meldrum                         
   Telephone number                          44 20 7647 9066                         
   If a connected EFM, name of                                                       
  offeree/offeror with which connected
   If a connected EFM, state                                                         
  nature of connection (Note 10)
                                                                                    
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
                                                         1 February 2009

Contact Information

  • Stark Investments (UK) Ltd.