Arrowgrass Capital Partners LLP
LSE : TTM

September 08, 2010 08:49 ET

Form 8.3 - Dana Petroleum 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 positions/dealings are being disclosed:           Arrowgrass Capital
                                                                                   Partners 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     Dana Petroleum Plc
    relates:
    Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an offeror/offeree, state this and    N/A
    specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:                                         7 September 2010
(f) Has the discloser previously disclosed, or are they today disclosing, under    No
    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:                                              15p Ord

                                                       Interests                     Short positions


                                                       Number          %             Number      %
(1) Relevant securities owned and/or controlled:                                         
(2) Derivatives (other than options):                  1,025,244       1.11%                
(3) Options and agreements to purchase/sell:                                             
                                                       1,025,244       1.11%                
 TOTAL:                                                



Class of relevant security:                                       Convertible Bonds

                                                  Interests                      Short positions


                                                  Number           %             Number        %
(1) Relevant securities owned and/or controlled   36,200,000       25.6%                
(2) Derivatives (other than options):                                                 
(3) Options and agreements to purchase/sell:                                          
                                                  36,200,000       25.6%                
 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:             
Details, including nature of the rights concerned and relevant percentages:            


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 unit
security         e.g. CFD          position, increasing/reducing a           securities
                                   long/short position
15p Ord          CfD               Increasing a long position                7                   1805
15p Ord          CfD               Increasing a long position                2,118               1805
15p Ord          CfD               Increasing a long position                40,000              1805
15p Ord          CfD               Increasing a long position                100,000             1805



(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    description     purchasing,     securities     price per    e.g.         date      money
security    e.g. call       selling,        to which       unit         American,              paid/
            option          varying etc.    option                      European               received
                                            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,                                 applicable)
                         conversion
                                                                            
                         


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)         No
attached?

Date of disclosure:                               8 September 2010
Contact name:                                     Alison Wheeler
                                                  
Telephone number:                                 0203 100 1049
                                                  
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