Arrowgrass Capital Partners LLP
LSE : TTM

August 03, 2011 11:02 ET

Form 8.3 - Caledon Resources 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

----------------------------------------------------------------------------
(a) Identity of the person whose                 Arrowgrass Capital Partners
    positions/dealings are being disclosed:                              LLP
----------------------------------------------------------------------------
(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 securities this form
    relates:
    Use a separate form for each
    offeror/offeree                                    Caledon Resources Plc
----------------------------------------------------------------------------
(d) If an exempt fund manager connected with an
    offeror/ offeree, state this and specify
    identity of offeror/ offeree:                                        N/A
----------------------------------------------------------------------------
(e) Date position held/dealing undertaken:                     2 August 2011
----------------------------------------------------------------------------
(f) Has the discloser previously disclosed, or
    are they today disclosing, under the Code
    in respect of any other party to this
    offer?                                                                No
----------------------------------------------------------------------------

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):       6,541,376 2.34%
----------------------------------------------------------------------------
 (3) Options and agreements to
     purchase/sell:
----------------------------------------------------------------------------
                                             
       TOTAL:                                6,541,376 2.34%
----------------------------------------------------------------------------

----------------------------------------------------------------------------
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)

----------------------------------------------------------------------------
                               Nature of dealing
                                            e.g.
                                        opening/
                                       closing a
                                           long/
                                           short
                                       position,
                                     increasing/
Class of             Product          reducing a      Number of        Price
relevant         description          long/short      reference          per
security            e.g. CFD            position     securities         unit
----------------------------------------------------------------------------
0.5p ORD                       increasing a long
                         CfD            position          9,622          111
----------------------------------------------------------------------------

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

----------------------------------------------------------------------------
Class
 of        Product    Writing,  Number of              Type           Option
releva description purchasing, securities Exercise      e.g.           money
 nt           e.g.    selling,   to which    price American,           paid/
securi        call     varying     option      per  European Expiry received
 ty         option        etc.    relates     unit      etc.   date per unit
----------------------------------------------------------------------------

----------------------------------------------------------------------------

(ii) Exercising

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

----------------------------------------------------------------------------

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

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

----------------------------------------------------------------------------

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:                                           03 August 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