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(RNS) 2009-11-03 10:56
Oriel Securities Ld - EPT Disclosure
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RNS Number : 8517B Oriel Securities Limited 03 November 2009

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS

BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

(Rule 38.5(b) of the Takeover Code)


1. KEY INFORMATION
Name of exempt principal trader Oriel Securities Limited
Company dealt in Novera Energy Plc
Class of relevant security to which the dealings 5p Ordinary

being disclosed relate (Note 1)
Date of dealing 2 November 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 2)
Long Short
Number (%) Number (%)
(1) Relevant securities 145,031 0.10% Nil Nil

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell


Total 145,031 0.10% Nil Nil
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2)
Class of relevant security: Long Short
Number (%) Number (%)

(1) Relevant securities

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

  • RIGHTS TO SUBSCRIBE (NOTE 2)

    Class of relevant security: Details


    3. DEALINGS (Note 3)
    (a) Purchases and sales
    Purchase/sale Number of securities Price per unit (Note 4)
    Purchase 25,000 66p
    Purchase 10,000 66p
    Total Purchased 35,000 -
    Total Sold -

    b Derivatives transactions other than options


    Product name, Long/short Note 5 Number of securities Price per unit Note 4
    e.g. CFD Note 6

    c Options transactions in respect of existing securities


    i Writing, selling, purchasing or varying
    Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money
    e.g. call option purchasing, varying to which the option price European etc. date paid/received per
    etc. relates Note 6 unit Note 4
    ii Exercising

    Product name, e.g. call option Number of securities Exercise price per unit Note 4


    d Other dealings including new securities Note 3

    Nature of transaction Note 7 Details Price per unit if applicable Note 4


    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 38.5b attached? Note 8 NO
    Date of disclosure 3 November 2009
    Contact name Pauline Bearblock / Dalia Joseph
    Telephone number 020 7710 7600
    Name of offeree/offeror with which Novera Energy plc

    connected
    Nature of connection Note 9 Connected Adviser

    Notes

    The Notes on Form 38.5b 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

    EMMFSLFSDSUSEIF

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