Rule 8.3 - Venture Production plc
July 13 2009 - 10:29AM
UK Regulatory
TIDMIII TIDMVPC
RNS Number : 5828V
3i Group PLC
13 July 2009
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) | 3i Group Plc and subsidiaries (3i Global Growth |
| | 2006-08 LP, 3i Pan European Growth 2006-08 LP, |
| | Global Growth Co-Invest 2006-08 LP and Oil, Gas & |
| | Power Co-Invest 2006-08 LP) |
| | |
+------------------------------------+------------------------------------------------------+
| Company dealt in | Venture Production Plc |
| | |
+------------------------------------+------------------------------------------------------+
| Class of relevant security to | 3.25% Convertible Unsecured Bonds Due 2010 |
| which the dealings being disclosed | |
| relate (Note 2) | |
| | |
+------------------------------------+------------------------------------------------------+
| Date of dealing | 10th July 2009 |
+------------------------------------+------------------------------------------------------+
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 | 0* (0%*) | N/A |
| | | |
+------------------------------------+--------------------------+----------------------------+
| (2) Derivatives (other than | N/A | N/A |
| options) | | |
| | | |
+------------------------------------+--------------------------+----------------------------+
| (3) Options and agreements to | N/A | N/A |
| purchase/sell | | |
| | | |
+------------------------------------+--------------------------+----------------------------+
| Total | 0*(0%*) | N/A |
| | | |
+------------------------------------+--------------------------+----------------------------+
(b)Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)
+------------------------------------+--------------------------+----------------------------+
| Class of relevant | Long | Short |
| security: Ordinary shares 0.4p | | |
| | | |
+------------------------------------+--------------------------+----------------------------+
| | Number (%) | Number (%) |
+------------------------------------+--------------------------+----------------------------+
| (1) Relevant securities | 0 | N/A |
| | | |
+------------------------------------+--------------------------+----------------------------+
| (2) Derivatives (other than | N/A | N/A |
| options) | | |
| | | |
+------------------------------------+--------------------------+----------------------------+
| (3) Options and agreements to | N/A | N/A |
| purchase/sell | | |
| | | |
+------------------------------------+--------------------------+----------------------------+
| Total | 0 | N/A |
| | | |
+------------------------------------+--------------------------+----------------------------+
* See section 4 below (Other Information) for a description of the conditional
sale of GBP75,500,000 3.25% Convertible Unsecured Bonds due 2010.
(c) Rights to subscribe (Note 3)
+------------------------------------+------------------------------------------------------+
| Class of relevant security: | Details |
| | |
+------------------------------------+------------------------------------------------------+
| N/A | |
+------------------------------------+------------------------------------------------------+
3. DEALINGS (Note 4)
(a)Purchases and sales
+------------------------------+-----------------------------+-------------------------------+
| Purchase/sale | Number of securities | Price per unit (Note 5) |
| | | |
+------------------------------+-----------------------------+-------------------------------+
| Sale* | 75,500,000* (50% of issued | GBP1 per GBP1 nominal |
| | 3.25% convertible unsecured | |
| | bonds due 2010) | |
+------------------------------+-----------------------------+-------------------------------+
* See section 4 below (Other Information) for a description of the conditional
sale.
(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 | | | |
| | | | |
+-----------------+--------------------+----------------------------+-------------------------+
(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 | | | | | | |
+-----------------+--------------+-----------------+----------+------------+---------+---------------+
(ii)Exercising
+------------------------------+-----------------------------+-------------------------------+
| Product name, e.g. call | Number of securities | Exercise price per unit (Note |
| option | | 5) |
| | | |
+------------------------------+-----------------------------+-------------------------------+
| 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 | | |
| | | |
+------------------------------+-----------------------------+-------------------------------+
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. |
+------------------------------------------------------------------------------------------+
| Please note that the sale of GBP75,500,000 3.25% Convertible Unsecured Bonds due 2010 is |
| conditional on the Panel on Takeovers and Mergers providing a binding inter partes |
| ruling that the sale and purchase of the convertible bonds: (i) is not prohibited by |
| Rule 16 of the City Code on Takeovers and Mergers (the "Code") or Rule 5 of the Code; |
| and (ii) does not trigger any obligations under Rule 6.1 of the Code, and such ruling of |
| the Panel on Takeovers and Mergers not being successfully challenged or overturned. |
| |
+------------------------------------------------------------------------------------------+
Is a Supplemental Form 8 attached? (Note 9)NO
+---------------------------------------------------+---------------------------------------+
| Date of disclosure | 13th July 2009 |
| | |
+---------------------------------------------------+---------------------------------------+
| Contact name | Andrew Haywood |
| | |
+---------------------------------------------------+---------------------------------------+
| Telephone number | 0207 975 3327 |
| | |
+---------------------------------------------------+---------------------------------------+
| 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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