Glazer Capital LLC
LSE : TTM

May 21, 2012 02:00 ET

Form 8.3 - International Power Plc

Amended - Please disregard the initial filing and see the amended version of the disclosure for 
Rule 8.3 of the Takeover Code

                                                                                            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       Glazer Capital LLC
    being disclosed:
(b) Owner or controller of interests and short                NA
    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              International Power Plc
    relevant securities this form relates: Use a separate
    form for each offeror/offeree
(d) If an exempt fund manager connected with an               NA
    offeror/offeree, state this and specify identity of
    offeror/offeree:
(e) Date position held/dealing undertaken:                    April 19, 2012
(f) Has the discloser previously disclosed, or are they       NO
    today 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:                       3.25% Convertible Bonds due 2013

                                               Interests                Short positions
                                            Number           %         Number          %
(1) Relevant securities owned             8,750,000        3.80%                          
    and/or controlled:
(2) Derivatives (other than                                                               
    options):
(3) Options and agreements to                                                             
    purchase/sell:
    TOTAL:                                8,750,000        3.80%                          

Class of relevant security:                                 5p ordinary

                                               Interests                Short positions
                                            Number           %         Number          %
(1) Relevant securities owned                                                             
    and/or controlled:
(2) Derivatives (other than               3,750,000        0.07%                          
    options):
(3) Options and agreements to                                                             
    purchase/sell:
    TOTAL:                                3,750,000        0.07%                          

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         Purchase/sale          Number of               Price per unit
    security                                     securities              
3.25% Convertible         Purchase               5,000,000               118.49
Bonds due 2013
3.25% Convertible         Purchase               3,750,000               118.66
Bonds due 2013

(b)     Derivatives transactions (other than options)

Class of           Product         Nature of dealing e.g.       Number of        Price per
relevant         description       opening/closing a            reference        unit
security           e.g. CFD        long/short position,         securities
                                   increasing/reducing a
                                   long/short position
50p ordinary         CFD           Increasing a long            200,000          416.6 GBp
                                   position



(c)     Options transactions in respect of existing securities

(i)     Writing, selling, purchasing or varying

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



(ii)    Exercising

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



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

Class of relevant        Nature of dealing              Details           Price per unit
    security             e.g. subscription,                               (if 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"

NA


(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"

NA


(c)     Attachments

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



Date of disclosure:                            May 18, 2012

Contact name:                                  David Barlow

Telephone number:                              212-808-7308

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

  • Glazer Capital LLC