Worldview Cap Man Form 8.3 - [Petroceltic International Plc ]

  Worldview Cap Man - Form 8.3 - [Petroceltic International Plc ]

RNS Number : 7661K
Worldview Capital Management LLP
24 August 2012


                                                                      FORM 8.3

                                      

           PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

                  Rule 8.3 of the Takeover Code (the "Code")

                                      

1. KEY INFORMATION



(a) Identity of the person whose                   Worldview EHS International
positions/dealings are being disclosed:            Master Fund

                                                   

                                                   Worldview           Special 
                                                   Situations Fund LP

                                                   

                                                   (See Appendix)

                                                   
(b) Owner or controller of interests and short     See Appendix
positions disclosed, if different from 1(a):

 The naming of nominee or vehicle companies is
insufficient
(c) Name of offeror/offeree in relation to whose   Petroceltic International
relevant securities this form relates:             Plc

 Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an
offeror/offeree, state this and specify identity
of offeror/offeree:


(e) Date position held/dealing undertaken:         23 August 2012
(f) Has the discloser previously disclosed, or    No
are they today disclosing, under the Code in
respect of any other party to this offer?



2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE



(a) Interests and short positions in the relevant securities of the
offeror or offeree to which the disclosure relates following the dealing (if
any)



Class of relevant security:                           ORD EURO.0125


                                               Interests      Short positions

                                            Number       %      Number    %
(1) Relevant securities owned and/or        8,940,000   0.377
controlled: (See Appendix)




(2) Derivatives (other than options): (See 123,801,493 5.2263%
Appendix)


(3) Options and agreements to
purchase/sell:
                                          132,741,493 5.6033%

 TOTAL:



All interests and all short positions should be disclosed.



Details of any open derivative or option positions, or agreements to  purchase 
or sell relevant securities,  should be given on  a Supplemental Form 8  (Open 
Positions).



(b) Rights to subscribe for new securities (including directors' and
other executive options)



Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:



If there are positions  or rights to  subscribe to disclose  in more than  one 
class of relevant  securities of the  offeror or offeree  named in 1(c),  copy 
table 2(a)  or (b)  (as appropriate)  for each  additional class  of  relevant 
security.



3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE



(a) Purchases and sales



Class of relevant security Purchase/sale Number of securities Price per unit

                                 
                                         

                                         



(b) Derivatives transactions (other than options)



  Class of       Product            Nature of dealing         Number of  Price
  relevant     description                                    reference   per
  security                        e.g. opening/closing a      securities unit
                 e.g. CFD          long/short position,
                             increasing/reducing a long/short
                                         position
                                                                     

ORD EURO.0125 Swap Contracts Increase in a long position      11,000,000 7.35p


                                                                     

ORD EURO.0125 Swap Contracts Increase in a long position      500,000    7.9p





(c) Options transactions in respect of existing securities



(i) Writing, selling, purchasing or varying



Class of   Product    Writing,   Number of  Exercise   Type    Expiry  Option
relevant description purchasing, securities  price              date   money
security  e.g. call   selling,    to which  per unit   e.g.            paid/
           option      varying     option            American,        received
                        etc.      relates            European         per unit
                                                       etc.



(ii) Exercising



 Class of relevant  Product description      Number of      Exercise price per
     security                               securities             unit
                     e.g. call option
                                                            

                                                            



(d) Other dealings (including subscribing for new securities)



 Class of relevant       Nature of dealing     Details   Price per unit (if
      security                                               applicable)
                        e.g. subscription,
                            conversion
                     

                     



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



Where there have been dealings in  more than one class of relevant  securities 
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d)  (as 
appropriate) for each additional class of relevant security dealt in.



4. OTHER INFORMATION



(a) Indemnity and other dealing arrangements



Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may
be an inducement to deal or refrain from dealing entered into by the person
making the disclosure and any party to the offer or any person acting in
concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"
None





(b) Agreements, arrangements or understandings relating to options or
derivatives



Details of any agreement, arrangement or understanding, formal or informal,
between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"


None





(c) Attachments



Is a Supplemental Form 8 (Open Positions) attached? NO





        Date of disclosure: 24 August 2012
        Contact name:       Umesh Mittal & Angelo Moskov
        Telephone number:   020 3551 7661



Public disclosures under  Rule 8  of the  Code must  be made  to a  Regulatory 
Information Service  and  must  also  be emailed  to  the  Takeover  Panel  at 
monitoring@disclosure.org.uk.  The  Panel's   Market  Surveillance  Unit   is 
available for  consultation  in  relation to  the  Code's  dealing  disclosure 
requirements on +44 (0)20 7638 0129.



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



Appendix to Form 8.3 dated 24 August 2012



Worldview  Capital  Management  SA  is  the  investment  manager  ("Investment 
Manager") for  Worldview  EHS  International Master  Fund  and  the  Worldview 
Special Situations  Fund LP.  Worldview  Capital Management  LLP  is a  sub  - 
advisor to the Investment Manager.



The interests in shares in Petroceltic International Plc are held as follows:



(1) 8,940,000 (0.377 %) shares  held directly by Worldview Special  Situations 
Fund LP.



(2) Interest in  123,801,493 (5.2263%) shares  through swap contracts  between 
Worldview EHS  International Master  Fund,  UBS and  Credit Suisse  (as  prime 
brokers), as follows:



(A) Credit Suisse Securities (Europe)  Limited ("Credit Suisse") is the  prime 
broker in relation to 80,801,493 shares, the contract is until 7 May 2013.



(B) UBS Securities LLC ("UBS") is  the prime broker in relation to  43,000,000 
shares, the contract is until 15 December 2016.





                     This information is provided by RNS
           The company news service from the London Stock Exchange

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RETPIMBTMBITBBT -0- Aug/24/2012 11:43 GMT