Man Group PLC Discloses Strategic Interests in American Axle

Key Information on Man Group PLC's Interests

Form 8.3 provides essential insights into how Man Group PLC, a leading investment management firm, has established significant stakes in various firms, including American Axle & Manufacturing Holdings, Inc. This document is a mandatory disclosure aimed at unveiling interests in relevant securities representing 1% or more, aligning with Rule 8.3 of the Takeover Code.

Disclosure by Man Group PLC

Man Group PLC is identified as the discloser in this instance. Their position highlights the strategic investment choices being made in the automotive manufacturing arena, focusing specifically on American Axle & Manufacturing Holdings, Inc. This transparency not only meets regulatory requirements but also boosts investor confidence in the firm's actions.

Understanding the Disclosed Positions

As per the disclosure, the latest practicable date prior to this report is highlighted, providing a timely snapshot of their investment portfolio. Additionally, it touches on the involvement of associated firms like Dowlais Group plc, indicating broader market interests.

Investment Strategies and Relevant Securities

Included in the disclosure are detailed tables illustrating the various positions held by Man Group PLC in relevant securities. The main focus is on USD 0.01 common stock. The document showcases:

• Relevant Securities Controlled: Man Group holds 736,125 shares, translating to approximately 0.62% of the total shares.
• Cash-settled derivatives: The firm also reports engaging in cash-settled derivatives amounting to 1,333,703 shares, equating to 1.12%.

This strategic control reinforces Man Group's commitment to maintaining significant participation in companies like American Axle, further emphasizing their role as stakeholders in the automotive manufacturing sector.

Dealings and Financial Details

The form also details significant dealings, including purchases, sales, and derivative transactions. For example, Man Group PLC executed sales of USD 0.01 common stock showing active management of their holdings. This trading activity signals their responsiveness to market conditions and positions them effectively in a competitive landscape.

Transparency in Financial Operations

The disclosure adheres to stringent criteria outlined in the takeover code, ensuring that all transactions and interests are reported comprehensively. Man Group PLC clarifies that no additional significant stakeholders are directly connected with this transaction, maintaining clear lines of responsibility and authority regarding their investments.

Contact and Additional Information

Key contact for inquiries regarding the disclosure includes:

• Name: Molly Childs
• Telephone: +442071443714

For further details on the electronic submission of this disclosure, stakeholders can refer to the Regulatory Information Service. The guidelines for such disclosures enhance market surveillance and ensure public accessibility of critical information.

Frequently Asked Questions

1. What is Form 8.3?

Form 8.3 is a public opening position disclosure required under the Takeover Code, which outlines interests held in relevant securities.

2. Who is Man Group PLC?

Man Group PLC is a global investment management firm specializing in a variety of investment strategies and offerings.

3. Why is this disclosure important?

This disclosure is crucial for maintaining transparency in market dealings and informs investors about significant positions held by entities.

4. What are the reported holdings of Man Group PLC?

Man Group PLC holds 736,125 shares (0.62%) in American Axle & Manufacturing and engages in cash-settled derivatives amounting to 1,333,703 shares (1.12%).

5. How can I contact Man Group for more information?

For inquiries, you can contact Molly Childs at +442071443714.

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