Rule 8.3-Horizon Tech.Group
March 14 2008 - 7:24AM
UK Regulatory
RNS Number:1239Q
Cantor Fitzgerald Europe
14 March 2008
FORM 8.1/8.3
IRISH TAKEOVER PANEL
Lodge with the Stock Exchange (which may publicise) and with the Panel.
Use separate form for each class of securities in which dealings have
been made.
Date of disclosure 14th March 2008
DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH
TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2001
Date of Dealing 13th March 2008
Dealing in Horizon Technology Group Plc
(1) Class of securities: Ordinary Shares
(2)
Amount bought Amount sold Price per unit
10,000 0.710000
5,221 0.710000
130,181 0.704325
25,040 0.704325
95,000 0.924268
(3) Resultant total of the same class owned or controlled
(and percentage of class) 1,345,925 1.64%
*In addition, Cantor Fitzgerald Europe (and affiliates) are party to certain
CFDs ( see below)
(4) Party making disclosure Cantor Fitzgerald Europe
(5) EITHER (a) Name of purchaser/vendor (Note 1)
OR (b) If dealing for discretionary client(s), name of fund
management organisation
................................................................................
(6) Reason for disclosure (Note 2)
(a) (i) offeror or associate of offeror (Note 3) NO
(ii) offeree or associate of offeree NO
Specify which category or categories of associate ((a) to (l) page 3/4)
If category (l), explain
................................................................................
(b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more the
class of relevant securities dealt in) YES
Signed, for and on behalf of the party named in (4) above
..................................................
(Also print name of signatory) Ross Tanton
Telephone and extension number: 0207 894 7214 / rtanton@cantor.co.uk
Date of Disclosure: 14th March 2008
Form 8 Enclosure
Cantor Fitzgerald Europe is the beneficial owner of 1,345,925 Horizon Technology
Group plc ordinary shares. 1,300,925 of these shares are held to hedge Contract
for Difference ("CFD") positions for clients.
A Long CFD is a product where the client to whom the product is sold is taking a
long economic interest in the underlying share price such that the client can
realise a gain if the price of the underlying securities rises above the
reference price.
The holder of a Long CFD contract will realise a gain if the price of the
underlying security goes up. The holder of a Short CFD contract will realise a
gain if the price of the underlying security goes down.
There are no written or oral agreements between Cantor Fitzgerald Europe and any
clients concerning the control of voting rights in relation to the underlying
shares used to hedge Long CFDs and/or Spread bets.
The CFD contracts are open-ended and there is no rollover into new contracts.
Contracts for Differences Disclosure Date: 14/03/08
Horizon Technology Group Plc Cantor Reference
Fitzgerald Underlying Number Price
Product Name Date Executed Buy/Sell Of Shares EUR
Horizon Technology Group Plc Long 15/09/06 Sell 20000 0.96
CFD
Horizon Technology Group Plc Long 02/11/06 Sell 16000 1.01
CFD
Horizon Technology Group Plc Long 14/11/06 Sell 359325 1.01
CFD
Horizon Technology Group Plc Long 20/11/06 Sell 100000 1.00
CFD
Horizon Technology Group Plc Long 21/11/06 Sell 26000 0.97
CFD
Horizon Technology Group Plc Long 22/12/06 Sell 125000 0.98
CFD
Horizon Technology Group Plc Long 30/01/07 Sell 122000 0.98
CFD
Horizon Technology Group Plc Long 20/02/07 Sell 17600 1.02
CFD
Horizon Technology Group Plc Long 15/03/07 Sell 515000 1.1454
CFD
1300925
This information is provided by RNS
The company news service from the London Stock Exchange
END
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