REG-Walker Crips S/Brkrs Rule 8.3- Newport Network plc
Released: 20/02/2009

com:20090220:RnsT6894N
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RNS Number : 6894N  
  
Walker Crips Stockbrokers Ltd  
  
20 February 2009  
  
FORM 8.3  
  
DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE  
  
(Rule 8.3 of the City Code on Takeovers and Mergers)  
  
1.    KEY INFORMATION  
  
 
  Name of person dealing (Note 1)                          Mr M Kaged                   
                                                                                        
  Company dealt in                                         Newport Network Plc          
                                                                                        
  Class of relevant security to which the dealings being   Ordinary Shares 0.001 pence  
  disclosed relate (Note 2)                                                             
                                                                                        
  Date of dealing                                          20th February 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                        4,950,000   1.35                  
                                                                                   
  (2) Derivatives (other than options)                                             
                                                                                   
  (3) Options and agreements to purchase/sell                                      
                                                                                   
  Total                                          4,950,000   1.35                  
  
  
 
  (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)  
                                                                  
  SALE            2,000,000              0.07                     
  
  
(b)    Derivatives transactions (other than options)  
  
 
  Product name,    Long/short (Note 6)   Number of securities (Note 7)   Price per unit (Note 5)   
  e.g. CFD                                                                                         
                                                                                                   
                                                                                                   
  
  
(c)    Options transactions in respect of existing securities  
  
(i)    Writing, selling, purchasing or varying  
  
 
  Product        Writing,        Number of         Exercise    Type, e.g.    Expiry    Option            
  name,e.g.      selling,        securities to     price       American,     date      money             
  call option    purchasing,     which the                     European                paid/received     
                 varying etc.    option                        etc.                    per unit (Note    
                                 relates                                               5)                
                                 (Note 7)                                                                
                                                                                                         
                                                                                                         
  
  
(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.  
  
 
  Is a Supplemental Form 8 attached? (Note 9)   NO  
  
  
 
  Date of disclosure                                       20th February 2009                 
                                                                                              
  Contact name                                             Walker Crips Stockbrokers Limited  
                                                                                              
  Telephone number                                         0203 100 8685                      
                                                                                              
  If a connected EFM, name of offeree/offeror with which                                      
  connected                                                                                   
                                                                                              
  If a connected EFM, state nature of connection (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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