DEALINGS BY CONNECTED EXEMPT
PRINCIPAL TRADERS
WITH RECOGNISED INTERMEDIARY
STATUS
DEALING IN A CLIENT-SERVING
CAPACITY
(Rule 38.5(a) of the Takeover
Code)
1. KEY
INFORMATION
|
Name of exempt principal trader
|
Shore Capital Stockbrokers Limited
|
|
Company dealt in
|
Highway Insurance Group Plc
|
|
Class of relevant security to which the dealings
being disclosed relate (Note 1)
|
Ordinary Shares of 20 pence each
|
|
Date of dealing
|
17/09/2008
|
2. DEALINGS
(Note 2)
(a) Purchases
and sales
|
Total
number of securities purchased
|
Highest
price paid (Note 3)
|
Lowest
price paid (Note 3)
|
|
6,000
|
71p
|
71p
|
|
Total
number of securities sold
|
Highest
price received (Note 3)
|
Lowest
price received (Note 3)
|
|
Nil
|
|
|
(b) Derivatives transactions (other than options)
|
Product name,
e.g. CFD
|
Long/short (Note 4)
|
Number of securities (Note 5)
|
Price per unit (Note 3)
|
|
Nil
|
|
|
|
(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
5)
|
Exercise
price
|
Type, e.g. American,
European etc.
|
Expiry
date
|
Option money
paid/received per unit (Note 3)
|
|
Nil
|
|
|
|
|
|
|
(ii) Exercising
|
Product name, e.g. call option
|
Number of securities
|
Exercise price per unit (Note 3)
|
|
Nil
|
|
|
3. 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
|
|
Date of disclosure
|
18/09/08
|
|
Contact name
|
Elka Cartwright
|
|
Telephone number
|
020 7468 7952
|
|
Name of offeree with which connected
|
Liverpool Victoria
|
|
Nature of connection (Note 6)
|
Broker
|
Notes
The Notes on Form 38.5(a) can be
viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk