Key Disclosure by Rathbones Group Plc on Balanced Commercial Property Trust Limited
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Key Information Disclosure on Balanced Commercial Property Trust Limited
The disclosure given here is designed for those with 1% or more interest in relevant securities, aligning with Rule 8.3 of the Takeover Code. In this case, Rathbones Group Plc is the disclosing party regarding their position in Balanced Commercial Property Trust Limited. Such disclosures are crucial for transparency in the financial market.
Who is Making This Disclosure?
The discloser of the information in this context is Rathbones Group Plc. It holds notable interests relating to the relevant securities of the Balanced Commercial Property Trust Limited. This disclosure serves to inform the market about significant ownership and potential influence related to the securities in question.
Details of the Interest
Rathbones Group Plc has reported substantial ownership of 45,763,041 shares, which constitutes 6.52% of the total voting rights associated with the ordinary shares of the Balanced Commercial Property Trust Limited.
Positions Held by Rathbones Group Plc
Positions held by Rathbones Group Plc encompass shares of the 1p Ordinary class of the Balanced Commercial Property Trust Limited. From the disclosed positions, it is evident that Rathbones is a significant stakeholder.
Short Positions and Other Interests
It's important to note that no short positions or additional derivatives are reported related to this disclosure. Rathbones Group Plc is committed to full transparency about its interests and positions in the relevant securities of its investment vehicles.
Recent Dealings with Relevant Securities
In the realm of purchases and sales involving the 1p Ordinary shares, Rathbones engaged in several transactions. Notable transactions included selling 7,750 shares at 85.8021 pence each and a further sale of 2,700 shares at 85.8246 pence each. Furthermore, it made a purchase of 6,000 shares at a price of 87.0034 pence each.
Transfer of Shares
Additionally, a transfer involving 14,900 shares is noted, underlining active management of the investment portfolio by Rathbones Group Plc. Transfers and other transactions are integral as they reflect the shifting landscape of investment in the relevant securities.
Indemnity and Other Arrangements
No indemnity or arrangement has been identified in relation to the holdings or dealings as outlined. Rathbones Group Plc remains transparent, ensuring that all dealings maintain integrity as per regulatory standards.
Options and Derivatives Relationships
There are no current agreements or arrangements relating to options or derivatives that could change the voting rights or acquisition and disposal of relevant securities held by Rathbones Group Plc. This is crucial as it emphasizes the independent decision-making of the company concerning its securities.
Contact Information
In case of inquiries or further information, Chinwe Enyi from the Compliance Department is the contact person at Rathbones Group Plc. The contact number provided is 0151 243 7053.
Frequently Asked Questions
What is a public opening position disclosure?
A public opening position disclosure informs the market about significant interests held by individuals or entities in the relevant securities, confirming they meet the disclosure threshold.
Who is Rathbones Group Plc?
Rathbones Group Plc is a leading provider of investment management services. They manage a portfolio of assets for a wide array of clients.
What does it mean to hold a short position?
A short position indicates that an investor has sold borrowed securities hoping to buy them back at a lower price, thereby profiting from the anticipated decline in the security price.
What types of securities are involved?
The securities referred to in this disclosure are 1p Ordinary shares of the Balanced Commercial Property Trust Limited.
How can I get more details about the Takeover Code?
Information regarding the Takeover Code can be accessed through the relevant statutory bodies or directly on their website for comprehensive guidelines.
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