Investec Bank Reveals Key Information on NCC Group Stocks
Introduction to the Public Disclosure
This document serves to inform stakeholders about the dealings carried out by Investec Bank plc regarding NCC Group plc stocks, following the regulatory requirements outlined in the Takeover Code. The details provided herein highlight significant transactions and arrangements relevant to recent activities in the stock market.
Key Information Overview
Exempt Principal Trader Details
In this disclosure, Investec Bank plc acts as the exempt principal trader, operating in a client-serving capacity. According to the provided information, the offeror in relation to whose relevant securities this form pertains is none other than NCC Group plc, a name synonymous with cybersecurity solutions and software resilience.
Role of Investec Bank plc
As a recognized intermediary, Investec Bank plc performs dutifully as a Joint Broker for NCC Group plc. This arrangement speaks volumes about their trust and the pivotal roles they play in facilitating market activities, which ultimately benefit both investors and the firms they represent.
Details of Recent Dealings
Purchases and Sales Activity
Recently, there has been a notable activity in the purchases and sales of ordinary shares associated with NCC Group plc. A total of 28,024 ordinary shares were both purchased and sold, showing a strategic balancing act in dealings that keep stakeholders informed of market movements. The highest unit price recorded during these transactions was £149, with a slight fluctuation in the lowest price recorded at £146.8 for purchases and slightly lower at £146.5 during sales.
Derivatives and Other Transactions
Turning to cash-settled derivative transactions, no significant activities were reported within this category for the period concerning NCC Group plc. Furthermore, during the stock-settled derivative transactions, there were similar reports suggesting that no options or securities were actively exercised. Such reports help clarify the trading landscape while providing transparency in operations.
Additional Information on Dealings
Agreements and Options Details
It is essential to also consider any existing agreements or understandings that may influence trading decisions. However, in the context of this disclosure, no indemnity or trading arrangements have been reported, which indicates a straightforward trading framework for both the exempt principal trader and NCC Group plc.
Date of Disclosure and Contact Information
The date of this disclosure reflects the latest compliance requirements, ensuring that all pertinent information is made available to the public promptly. Stakeholders can reach out to Priyali Bhattacharjee for any inquiries regarding this report, with contact available at +91 9768034903.
Conclusion
In conclusion, this disclosure by Investec Bank plc provides detailed insights into the dealings around NCC Group plc, which serves as a vital resource for investors and stakeholders. Keeping abreast of these disclosures reinforces the commitment to transparency and compliance within the financial markets.
Frequently Asked Questions
1. What is the significance of Investec Bank in this disclosure?
Investec Bank serves as the exempt principal trader and the Joint Broker for NCC Group plc, indicating its vital role in facilitating trades.
2. How many ordinary shares were involved in the recent transactions?
A total of 28,024 ordinary shares were both purchased and sold by the exempt principal trader.
3. Were any derivative transactions reported in this disclosure?
No significant activities regarding cash-settled or stock-settled derivative transactions were reported for NCC Group plc.
4. Who can I contact for more information regarding this disclosure?
For inquiries, you can contact Priyali Bhattacharjee at +91 9768034903.
5. What is the importance of the Takeover Code?
The Takeover Code outlines the rules for public disclosures regarding trading activities and the obligations of traders in the context of acquisitions and disposals.
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