Rule 8.3- Renewable Power
January 19 2010 - 9:35AM
UK Regulatory
TIDMRPL
RNS Number : 7825F
Kairos Investment Management Ltd
19 January 2010
FORM 8.3
DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
(Rule 8.3 of the Takeover Code)
1. KEY INFORMATION
+------------------------------------+------------------------------------------------------+
| Name of person dealing (Note 1) | Kairos Investment Management Limited acting as |
| | agents for Kairos Fund Ltd |
+------------------------------------+------------------------------------------------------+
| Company dealt in | Renewable Power & Light plc (RPL) |
+------------------------------------+------------------------------------------------------+
| Class of relevant security to | One penny ordinary |
| which the dealings being disclosed | |
| relate (Note 2) | |
+------------------------------------+------------------------------------------------------+
| Date of dealing | 18th January 2010 |
+------------------------------------+------------------------------------------------------+
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a)Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)
+-----------------------------------+---------------------------+----------------------------+
| | Long | Short |
+-----------------------------------+---------------------------+----------------------------+
| | Number (%) | Number (%) |
+-----------------------------------+---------------------------+----------------------------+
| (1) Relevant securities | 633,000 0.71 | |
| | | |
+-----------------------------------+---------------------------+----------------------------+
| (2) Derivatives (other than | | |
| options) - Equity Swap | | |
| | | |
+-----------------------------------+---------------------------+----------------------------+
| (3) Options and agreements to | | |
| purchase/sell | | |
| | | |
+-----------------------------------+---------------------------+----------------------------+
| Total | 633,000 0.71 | |
| | | |
+-----------------------------------+---------------------------+----------------------------+
(b)Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)
+------------------------------------+--------------------------+----------------------------+
| Class of relevant security: | Long | Short |
| | | |
+------------------------------------+--------------------------+----------------------------+
| | Number (%) | Number (%) |
+------------------------------------+--------------------------+----------------------------+
| (1) Relevant securities | N/A | N/A |
| | | |
+------------------------------------+--------------------------+----------------------------+
| (2) Derivatives (other than | N/A | N/A |
| options) | | |
| | | |
+------------------------------------+--------------------------+----------------------------+
| (3) Options and agreements to | N/A | N/A |
| purchase/sell | | |
| | | |
+------------------------------------+--------------------------+----------------------------+
| Total | N/A | N/A |
| | | |
+------------------------------------+--------------------------+----------------------------+
(c) Rights to subscribe (Note 3)
+------------------------------------+------------------------------------------------------+
| Class of relevant security: | Details |
| | |
+------------------------------------+------------------------------------------------------+
| N/A | N/A |
+------------------------------------+------------------------------------------------------+
3. DEALINGS (Note 4)
(a)Purchases and sales
+------------------------------+-----------------------------+-------------------------------+
| Purchase/sale | Number of securities | Price per unit (Note 5) |
| | | |
+------------------------------+-----------------------------+-------------------------------+
| SALE | 26,487,430 | GROSS PX GBP 0.03 |
| | | |
+------------------------------+-----------------------------+-------------------------------+
* In addition, as part of this sale, a further payment is due to Kairos Fund Ltd
of an amount equal to the difference between three pence and 80% of the NAV of
RPL when next officially stated by the company, up to a maximum of four pence
equal to a NAV of five pence per share or more.
(b)Derivatives transactions (other than options)
+-----------------+--------------------+----------------------------+-------------------------+
| Product name, | Long/short (Note | Number of securities (Note | Price per unit (Note 5) |
| e.g. CFD | 6) | 7) | |
+-----------------+--------------------+----------------------------+-------------------------+
| N/A | N/A | N/A | N/A |
+-----------------+--------------------+----------------------------+-------------------------+
(c) Options transactions in respect of existing securities
(i)Writing, selling, purchasing or varying
+-----------------+--------------+-----------------+----------+------------+---------+---------------+
| Product name, | Writing, | Number of | Exercise | Type, e.g. | Expiry | Option money |
| e.g. call | selling, | securities to | price | American, | date | paid/received |
| option | purchasing, | which the | | European | | per unit |
| | varying etc. | option relates | | etc. | | (Note 5) |
| | | (Note 7) | | | | |
+-----------------+--------------+-----------------+----------+------------+---------+---------------+
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
+-----------------+--------------+-----------------+----------+------------+---------+---------------+
(ii)Exercising
+------------------------------+-----------------------------+-------------------------------+
| Product name, e.g. call | Number of securities | Exercise price per unit (Note |
| option | | 5) |
| | | |
+------------------------------+-----------------------------+-------------------------------+
| N/A | N/A | N/A |
| | | |
+------------------------------+-----------------------------+-------------------------------+
(d)Other dealings (including new securities) (Note 4)
+------------------------------+-----------------------------+-------------------------------+
| Nature of transaction (Note | Details | Price per unit (if |
| 8) | | applicable) (Note 5) |
| | | |
+------------------------------+-----------------------------+-------------------------------+
| N/A | N/A | N/A |
| | | |
+------------------------------+-----------------------------+-------------------------------+
4. OTHER INFORMATION
Agreements, arrangements or understandings relating to options or derivatives
+------------------------------------------------------------------------------------------+
| Full details of any agreement, arrangement or understanding between the person |
| disclosing and any other person relating to the voting rights of any relevant securities |
| under any option referred to on this form or relating to the voting rights or future |
| acquisition or disposal of any relevant securities to which any derivative referred to |
| on this form is referenced. If none, this should be stated. |
+------------------------------------------------------------------------------------------+
| NONE |
| |
+------------------------------------------------------------------------------------------+
Is a Supplemental Form 8 attached? (Note 9)NO
+---------------------------------------------------+---------------------------------------+
| Date of disclosure | 18th January 2010 |
+---------------------------------------------------+---------------------------------------+
| Contact name | Sophie Howard |
+---------------------------------------------------+---------------------------------------+
| Telephone number | 00 44 207 398 3060 |
+---------------------------------------------------+---------------------------------------+
| If a connected EFM, name of offeree/offeror with | N/A |
| which connected | |
+---------------------------------------------------+---------------------------------------+
| If a connected EFM, state nature of connection | N/A |
| (Note 10) | |
+---------------------------------------------------+---------------------------------------+
Notes
The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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