Rule 8.1- Renewable Power and

RNS Number : 7949F

Thalassa Holdings Limited

19 January 2010

 

                                        FORM 8.1                        

DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES

FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS

(Rules 8.1(a) and (b)(i) of the Takeover Code)

1.    KEY INFORMATION

Name of person dealing (Note 1)	Thalassa Holdings Ltd and CityPoint Holdings Limited
Company dealt in	Renewable Power and Light plc
Class of relevant security to which the dealings being disclosed relate (Note 2)	1p Ordinary Shares
Date of dealing	18 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	26,487,430         29.8
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total	26,487,430         29.8

(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
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

(c)    Rights to subscribe (Note 3)

Class of relevant security:	Details

3.    DEALINGS (Note 4)

(a)    Purchases and sales

Purchase/sale	Number of securities	Price per unit (Note 5)
Purchase	26,487,430	£0.03

(b)    Derivatives transactions (other than options)

Product name,  e.g. CFD	Long/short (Note 6)	Number of securities (Note 7)	Price per unit (Note 5)

(c)    Options transactions in respect of existing securities

(i)    Writing, selling, purchasing or varying

Product name, e.g. call option	Writing, selling, purchasing, varying etc.	Number of securities to which the option relates (Note 7)	Exercise price	Type, e.g. American, European etc.	Expiry  date	Option money paid/received per unit (Note 5)

(ii)    Exercising

Product name, e.g. call option	Number of securities	Exercise price per unit (Note 5)

(d)    Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)	Details	Price per unit (if applicable) (Note 5)

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.

Thalassa Holdings Ltd is deemed to be acting in concert with CityPoint Holdings Ltd by virtue of Thalassa Holdings Ltd holding more than 20 per cent. of the issued share capital of CityPoint Investments plc, the parent undertaking of CityPoint Holdings Ltd.

Is a Supplemental Form 8 attached? (Note 9)                YES

Date of disclosure	19 January 2010
Contact name	Duncan Soukup
Telephone number	[phone]
Name of offeree/offeror with which associated	Thalassa Holdings Ltd and City Pont Holdings Limited
Specify category and nature of associate status (Note 10)	Concert Party

Notes

The Notes on Form 8.1 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

  SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.    KEY INFORMATION

Identity of person whose open positions are being disclosed:	Thalassa Holdings Ltd and Citypoint Holdings Ltd
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	Renewable Power and Light plc

2.    OPTIONS AND DERIVATIVES

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date

3.    AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

The transaction reported on Form 8.3 relating to the purchases by Thalassa Holdings Ltd and Citypoint Holdings Ltd of 9,827,430 and 16,660,000 respectively were executed at a price of £0.03 per share. However Thalassa Holdings Ltd and Citypoint Holdings Ltd are required to make a further payment to the vendor equal to 80% of the net asset value per share should that value exceed £0.03 per share, subject to a maximum additional consideration payment of £0.01 per share.

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END

 

 

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