Internet Technology - Rule 8 Disclosure-Replacement
September 22 1999 - 8:24AM
UK Regulatory
RNS No 8551b
INTERNET TECHNOLOGY GROUP PLC
The issuer has made the following textual amendments to the Rule 8 Disclosure
announcement released yesterday at 12:20 under RNS No 7950p.
In section 2, the 'Amount Bought' should read 50,000 and not 15,000 as
previously shown.
-and
In section 3, the 'Resultant Total' should read 1,870,000 and not 1,835,000,
also the 'Percentage of Class' should read 3.85% and not 3.78% as previously
shown.
All other details remain unchanged.
-------------------------------------------------------------------------------
Date of Disclosure. 22 September 1999 ...
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKE-OVERS AND MERGERS
Date of dealing..20 September 1999 ...........
Dealing in...... Internet Technology Group Plc ............(name of company)
(1) Class of securities (eg ordinary shares).. Ordinary Shares ...........
(2) Amount bought Amount sold Price per unit(#)
50,000 2.18
(3) Resultant total owned or controlled of ordinary shares
(and percentage of class)............................ 1,870,000 ... (3.85%)
(4) Party making disclosure..... Morgan Stanley Securities Limited .........
(5) EITHER (a) Name of purchaser/vendor (Note 1) Morgan Stanley .............
Securities Limited
OR (b) if dealing for discretionary client(s), name of fund management
organisation
...............................................................................
(6) Reason for disclosure (Note 2)
(a) associate of (i) offeror (Note 3) NO
(ii) offeree company NO
Specify which category or categories of associate (1-8 overleaf)...............
If category (8), explain........................................................
................................................................................
(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more
of the class of relevant securities dealt in) YES
Signed, for and on behalf of the party named in (4) above.....N/A...............
(Also print name of signatory).....Gail Higgins ................................
Telephone and extension number.... 0171 425 8913 ...............................
Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on
instructions of a controller.
Note 2. Disclosure might be made for more than one reason; if so, state all
reasons.
Note 3. Specify which offeror if there is more than one.
Note 4. When an arrangement exists with any offeror, with the offeree company
or with an associate of any offeror or of the offeree company in
relation to relevant securities, details of such arrangement must be
disclosed, as required by Note 6 on Rule 8...........................
.....................................................................
......................................................................
Note 5. It may be necessary, particularly when disclosing derivative
transactions, to append a sheet to this disclosure form so that
relevant information can be given.
Note 6. In the case of an average price bargain, each underlying trade should
be disclosed.
For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Take-overs and Mergers, Tel. No: 0171-382 9026.
END
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