Man Group PLC's Recent Disclosure on Dalata Hotel Group
Understanding Man Group PLC's Disclosure on Dalata Hotel Group
Recently, Man Group PLC has made significant disclosures regarding its interests in Dalata Hotel Group plc, a crucial step under the Irish Takeover Rules. This detailed document aims to provide transparency about the current standing of Man Group PLC in the context of Dalata Hotel Group's securities.
Key Information of the Disclosure
In accordance with the regulations set forth by the Irish Takeover Panel, the disclosure outlines key information regarding the interests in relevant securities. This section notably includes the full name of the discloser — Man Group PLC. Furthermore, it clarifies that Man Group is the owner of the disclosed interests.
Identification of the Offeror and Position Held
The document indicates that the offeror related to these disclosures is Dalata Hotel Group plc. It's essential for stakeholders to recognize the key components that involve the owners of interests, particularly to understand the dynamics of this disclosure better.
Date of Last Position Held
While the precise date of the position held is crucial for tracking purposes, it also ensures that investors are informed of the exact timeline related to the disclosure, specifying that it's a 'latest practicable date.' This ensures clarity and provides a solid timeline regarding the open positions.
Interests and Positions in Relevant Securities
According to the disclosure, Man Group PLC currently has interests in various classes of relevant securities. The significant holding amounts include numerous shares, highlighting the investment's nature and effect on the overall portfolio. For instance, it mentions that Man Group PLC holds 1,227,848 ordinary shares that account for approximately 0.58% of Dalata's securities.
Details on Derivatives
Moreover, the disclosure reports cash-settled derivatives and their associated positions. For example, it specifies that there are cash derivatives totaling 592,433 securities, which translates to roughly 0.28% in this category. These derivatives are essential for understanding the overall financial strategies employed by Man Group PLC.
Recent Dealings and Transactions
The document also sheds light on recent transactions executed by Man Group in relation to Dalata Group securities. Noteworthy transactions include several sales of shares, all conducted at varying prices. For example, sales of €0.01 ordinary shares occurred at prices fluctuating around €6.080 to €5.940 per unit, indicating an active engagement from Man Group in the market.
Cash-Settled and Stock-Settled Derivatives Transactions
Besides the share transactions, the disclosure mentions equity swaps as part of the derivatives activity. These equity swaps are characterized by reducing a long position, showcasing strategic maneuvering by the firm in aligning with market changes efficiently.
Other Relevant Information and Declarations
In addition to securities and transaction details, the disclosure covers indemnities and other arrangements that may influence dealings with relevant securities. It makes it clear that no such agreements or inducements exist that would affect how Man Group interacts with Dalata Group's shares.
Contact Information
The disclosure finishes with an essential section that includes contact details for further queries. Mackenzie Terry is identified as the contact person, with a telephone number provided for stakeholders to reach out for additional information. This not only enhances transparency but encourages open communication between the public and the corporation.
Frequently Asked Questions
What are the key details disclosed by Man Group PLC?
Man Group PLC disclosed its interests in Dalata Hotel Group plc, including the number of shares and derivatives held.
How many ordinary shares does Man Group hold in Dalata?
Man Group currently holds 1,227,848 ordinary shares, representing approximately 0.58% of the total relevant securities.
What types of positions are included in the disclosure?
The disclosure includes both interests and short positions, detailing ordinary shares and cash-settled derivatives.
Who can be contacted for additional information regarding the disclosure?
Mackenzie Terry is the designated contact, available at +442071441555 for inquiries.
What significance does this disclosure hold for investors?
This disclosure provides vital insights for investors regarding Man Group's strategic positioning and its engagement with Dalata Hotel Group, thus aiding informed decision-making.
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