REG-Loeb Arbitrage Management LLC Rule 8.3 - Glencar Mining Plc

NEW YORK--(Business Wire)--

FORM 8.3

IRISH TAKEOVER PANEL

DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES,
2007 (AS AMENDED)

DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
MORE

1. KEY INFORMATION

Name of person dealing (Note 1) Loeb Arbitrage Management, LLC
Company dealt in Glencar Mining Plc
Class of relevant security to which the dealings being disclosed relate (Note 2) ORD EUR 0.031
Date of dealing 14 August 2009

2. INTERESTS AND SHORT POSITIONS

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

Long Short
Number (%) Number (%)
(1) Relevant securities 4,140,000 1.37% 0 0
(2) Derivatives (other than options) 0 0 0 0
(3) Options and agreements to purchase/sell 0 0 0 0
Total 4,140,000 1.37% 0 0

(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

3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale Number of relevant securities Price per unit (Note 5)
Purchase 225,000 8.75 GBp

(b) Derivatives transactions (other than options transactions)

Product name, Nature of transaction (Note 6) Number of relevant securities (Note 7) Price per unit (Note 5)
e.g. CFD

(c) Options transactions in respect of existing relevant securities

(i) Writing, selling, purchasing or varying

Product name, Writing, selling, purchasing, varying etc. Number of securities to which the option relates (Note 7) Exercise Type, e.g. American, European etc. Expiry Option money
e.g. call option price date 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 transactions in respect of 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.
NONE

Is a Supplemental Form 8 attached? (Note 9) NO

Date of disclosure 17 August 2009
Contact name Shelby Drescher
Telephone number 1-212-483-7070
If a connected EFM, name of offeree/offeror with which connected
If a connected EFM, state nature of connection (Note 10)

The Notes on Form 8.3 can be viewed on the Panel's website at
www.irishtakeoverpanel.ie.

Loeb Arbitrage Management LLC

Copyright Business Wire 2009

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