Key Information on the Position Disclosure
FORM 8.3
This document serves as a PUBLIC OPENING POSITION DISCLOSURE as mandated by Rule 8.3 of the Takeover Code. It pertains to a person with interests in relevant securities representing 1% or more.
Who is Making the Disclosure?
Movements in Relevant Securities: The disclosure has been made by Man Group PLC.
Target Company: The relevant securities being discussed in this disclosure relate to Britvic plc, which is of particular interest in the beverage sector.
Details of the Positions Held
Man Group has acknowledged its positions regarding Britvic plc's relevant securities. This includes interests and short positions as part of its overall investment strategy.
Interests and Positions
Currently, the disclosure indicates a total of 2,679,389 cash-settled derivatives in relation to the 20p ordinary shares of Britvic plc, which amounts to approximately 1.08% of the shares.
Engagement in Derivative Transactions
Additionally, Man Group is increasing its long position by 15,199 securities through equity swaps, purchased at a price of 13.090 GBP per unit. These strategic movements reflect a keen interest in maintaining robust engagement within the market.
Other Relevant Information
Future operations and engagement with Britvic plc could evolve based on the ongoing analysis of market trends and investment potential in the food and beverage sector.
Indemnity and Other Arrangements
There are no disclosed indemnity arrangements or understandings that could influence the trading activities associated with Britvic plc. This indicates a clear regulatory compliance, devoid of hidden influences.
Contact Information
If there are any inquiries regarding this disclosure, interested parties may reach out to:
Name: Mackenzie Terry
Telephone: +442071441555
Frequently Asked Questions
What is the purpose of Form 8.3?
Form 8.3 is created to disclose the positions any entity has in relevant securities, ensuring transparency in the market.
Who is Man Group PLC?
Man Group PLC is a global investment management firm, involved in asset management across various sectors.
What is Britvic plc known for?
Britvic plc is recognized for its wide range of soft drinks, including popular brands and beverages across various markets.
When was this disclosure made?
The date of the disclosure is marked as the 6th of January.
How does this affect stock prices?
Such disclosures can significantly influence market sentiment, as they provide insights into substantial holdings and interest from investment firms like Man Group.