Arrowgrass Capital Partners LLP
LSE : TTM

February 04, 2011 02:00 ET

Form 8.3 - Caledon Resources Plc

                     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

(a) Identity of the person whose positions/dealings are being    Arrowgrass Capital Partners LLP
    disclosed:
(b) Owner or controller of interests and short positions
    disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is
    insufficient
(c) Name of offeror/offeree in relation to whose relevant        Caledon Resources Plc
    securities this form relates:
    Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an offeror/         N/A
    offeree, state this and specify identity of offeror/
    offeree:
(e) Date position held/dealing undertaken:                       3 February 2011
(f) Has the discloser previously disclosed, or are they today    No
    disclosing, under the Code in respect of any other party
    to this offer?

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)

Class of relevant security:                                   0.5p Ordinary

                                                    Interests                 Short positions

                                              Number               %          Number         %
(1) Relevant securities owned and/or
    controlled:
(2) Derivatives (other than options):      2,646,816          1.096%
(3) Options and agreements to
    purchase/sell:
                                           2,646,816          1.096%
    TOTAL:


Class of relevant security:

                                                      Interests               Short positions

                                                  Number           %         Number            %
(1) Relevant securities owned and/or
    controlled
(2) Derivatives (other than options):
(3) Options and agreements to
    purchase/sell:

    TOTAL:

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)

Class of relevant security in relation to
which subscription right exists:

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

 Class of relevant security      Purchase/sale      Number of securities        Price per unit


(b)     Derivatives transactions (other than options)

  Class of          Product               Nature of dealing                Number of       Price
  relevant        description     e.g. opening/closing a long/short        reference        per
  security         e.g. CFD        position, increasing/reducing a        securities        unit
                                         long/short position


(c)     Options transactions in respect of existing securities

(i)     Writing, selling, purchasing or varying

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


(ii)    Exercising

  Class of relevant        Product description     Number of securities       Exercise price per
       security             e.g. call option                                         unit



(d)     Other dealings (including subscribing for new securities)

 Class of relevant           Nature of dealing                Details          Price per unit (if
      security         e.g. subscription, conversion                               applicable)
0.5p Ordinary         Receipt of Placing Stock         1,032,012 Allocation    90p
                                                       in the conditional
                                                       placing at 90p.

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

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"
None



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

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"
None


(c)     Attachments

Is a Supplemental Form 8 (Open Positions) attached?                                     No


Date of disclosure:                               3 February 2011

Contact name:                                     Alison Wheeler

Telephone number:                                 0203 100 1055


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