Announcement
Company Merrill Lynch International
TIDMTTP
Headline EMM Disclosure
Released 12:48 28 Mar 2003
Number 3489J
FORM 38.5 (SUMMARY)
Lodge with Company Announcements Office and the Panel. Use a separate
form for each class of securities in which dealings have been made.
CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Name of EMM Merrill Lynch International
Date of disclosure 28 March 2003
Date of dealing 27 March 2003
Telephone number 020 7996 1038
Please see attached disclosure of dealings under Rule 38.5 in the
securities of the following companies:
27 March 2003
P & O Princess Cruises Plc - Ordinary
Waste Recycling Group Plc - Common
Thistle Hotels Plc - Ordinary
Oxford Glycosciences Plc - Common
AMENDMENT
state which element(s) of disclosure was incorrect:
In the case of option business or dealings in derivatives full details
should be given on a separate sheet so that the nature of the dealings
can be fully understood. For options this should include the number of
securities under option, the exercise period (or in the case of
exercise, the exercise date), the exercise price and any option money
paid or received. For derivatives this should include, at least, the
number of reference securities to which they relate (when relevant),
the maturity date (or if applicable the closing out date) and the
reference price.
For full details of disclosure requirements see Rules 8 and 38 of the
Code. If in doubt contact the Monitoring
Section of the Panel, Tel. No: 0171 638 0129
FORM 38.5
Lodge with Company Announcements Office and the Panel. Use a separate
form for each class of securities in which dealings have been made.
CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in P & O Princess Cruises Plc
Class of security Ordinary
Date of disclosure 28 March 2003
Date of dealing 27 March 2003
Name of EMM Merrill Lynch International
Name of offeree/offeror with whom connectedCarnival Corp
Number of securities purchased 21,478,855
Highest price paid* GBP4.28
Lowest price paid* GBP4.20
Number of securities sold 35,000
Highest price paid* GBP4.25
Lowest price paid* GBP4.19
*Currency must be stated
Rule 38.5 (CFD)
CONNECTED EXEMPT MARKET-MAKERS / EXEMPT PRINCIPAL TRADERS:
Dealing in Contract for Differences ("CFD") referenced to P & O
Princess
Cruises Plc Ordinary
Date of Disclosure: 28 March 2003
Date of Dealing 27 March 2003
Name of EMM / EPT Merrill Lynch International
Name of offeree/offeror with whom connected
Product Type SHORT CFD
Maturity Date22 December 2003
Writing of CFD
Number of Ordinary to which the CFD is referenced Nil
CFD Reference Price Range n/a
Closing Out of CFD
Number of Ordinary to which the CFD is referenced 21,431,800
CFD Reference Price Range 4.25 to 4.2 8GBP
Further Disclosure should be made where necessary so that the nature
of the dealings can be fully understood
Rule 38.5 (CFD)
CONNECTED EXEMPT MARKET-MAKERS / EXEMPT PRINCIPAL TRADERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in Contract for Differences ("CFD") referenced to P & O
Princess Cruises Plc Ordinary
Date of Disclosure: 28 March 2003
Date of Dealing 27 March 2003
Name of EMM / EPT Merrill Lynch International
Name of offeree/offeror with whom connected Carnival Corp
Product TypeLONG CFD
Maturity Date22 December 2003
Writing of CFD
Number of Ordinary to which the CFD is referenced 8,200
CFD Reference Price Range 4.25 to 4.25 GBP
Closing Out of CFD
Number of Ordinary to which the CFD is referenced Nil
CFD Reference Price Range n/a
Further Disclosure should be made where necessary so that the nature
of the dealings can be fully understood
FORM 38.5
Lodge with Company Announcements Office and the Panel. Use a separate
form for each class of securities in which dealings have been made.
CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in Waste Recycling Group Plc
Class of security Common
Date of disclosure 28 March 2003
Date of dealing 27 March 2003
Name of EMM Merrill Lynch International
Name of offeree/offeror with whom connected Terra Firma Investments
(GP) 2 Limited
Number of securities purchased 23,000
Highest price paid* GBP2.66
Lowest price paid* GBP2.56
Number of securities sold 6,000
Highest price paid* GBP2.07
Lowest price paid* GBP2.06
*Currency must be stated
FORM 38.5
Lodge with Company Announcements Office and the Panel. Use a separate
form for each class of securities in which dealings have been made.
CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in Thistle Hotels Plc
Class of security Ordinary
Date of disclosure 28 March 2003
Date of dealing 27 March 2003
Name of EMM Merrill Lynch International
Name of offeree/offeror with whom connected Thistle Hotels Plc
Number of securities purchased Nil
Highest price paid*n/a
Lowest price paid*n/a
Number of securities sold 1,266
Highest price paid* GBP1.17
Lowest price paid* GBP1.17
*Currency must be stated
FORM 38.5
Lodge with Company Announcements Office and the Panel. Use a separate
form for each class of securities in which dealings have been made.
CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in Oxford Glycosciences Plc
Class of security Common
Date of disclosure 28 March 2003
Date of dealing 27 March 2003
Name of EMM Merrill Lynch International
Name of offeree/offeror with whom connected Cambridge Antibody Tech
Group
Number of securities purchased 1,070
Highest price paid* GBP1.89
Lowest price paid* GBP1.88
Number of securities sold 2,021
Highest price paid* GBP1.95
Lowest price paid* GBP1.95
*Currency must be stated
END