Man Group PLC Updates on Dowlais Group Security Holdings
Amendment Announcement from Man Group PLC
This announcement is a revised version of a previous statement made regarding the security holdings of Man Group PLC in Dowlais Group plc. It updates information in Section 2(a); all other content remains unchanged.
Key Information on Relevant Security Holdings
In accordance with the Takeover Code, this disclosure details the interests in relevant securities held by Man Group PLC. To ensure clarity, it highlights the ownership stakes that meet or exceed 1% in Dowlais Group plc.
Details of the Disclosing Entity
The full name of the entity making the disclosure is Man Group PLC, recognized for its significant interests in various market sectors.
Relevant Securities Overview
As part of the disclosure requirements, various aspects regarding ownership and short positions of the relevant securities are presented. This applies to the categorization of securities held in Dowlais Group plc as well as derivatives involved in the dealings.
Positions Held by Man Group PLC
The disclosure encapsulates all positions of the disclosing entity concerning the securities of the offeror or offeree in question. It provides a comprehensive overview of the current holdings and any short positions linked with them.
Relevant Securities Owned
As reported, Man Group PLC currently possesses approximately 11,843,585 shares of the 1p ordinary stock of Dowlais Group plc, representing about 0.88% of the total share pool.
Cash-Settled Derivatives Holding
Moreover, cash-settled derivatives amounting to 13,058,610 shares are included, contributing to a total economic position intriguing the market observers.
Dealings by Man Group PLC
This section constitutes information regarding specific transactions conducted by Man Group PLC. By maintaining an ongoing dialogue with the markets, the organization continuously engages in relevant purchases and sales pertaining to its holdings.
Purchases and Sales
For instance, the organization purchased 174,853 units of the 1p ordinary securities at a price of 0.725 GBP each, signifying active management of its investments.
Stock-Settled Derivative Transactions
In addition, the entity has participated in stock-settled derivative transactions, reflecting an intention to engage in further market movements, thus influencing the company’s investment strategy.
Other Pertinent Information
There are no exempt fund managers or other relevant parties indicated in this disclosure. The handling of securities aligns strictly with existing regulations and governance frameworks.
Indemnity and Agreement Details
Currently, there are no disclosed agreements or indemnities related to the securities mentioned, ensuring transparency in operations.
Supplemental Documentation
There is no Supplemental Form 8 (Open Positions) attached to this report, which affirms the completeness of the presented data.
Contact Information
For more details or inquiries, please reach out to:
Mackenzie Terry
Telephone: +442071441555
Frequently Asked Questions
1. What is the significance of the disclosure by Man Group PLC?
This disclosure provides insights into the company's interests in the securities of Dowlais Group plc, essential for understanding its market position.
2. How much of Dowlais Group plc is owned by Man Group PLC?
Man Group PLC holds approximately 11,843,585 shares, translating to 0.88% of the company's equity.
3. What are cash-settled derivatives in this context?
Cash-settled derivatives are financial contracts that pay the holder in cash rather than through physical delivery of assets, affecting the overall investment strategy.
4. Who can I contact for more details about this disclosure?
For inquiries, you can contact Mackenzie Terry at +442071441555.
5. Is there a Supplemental Form 8 attached to this reporting?
No, there is no Supplemental Form 8 (Open Positions) associated with this disclosure, ensuring clarity in communication.
About The Author
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