Man Group PLC Announces Strategic Position Regarding Smith (DS) plc
Man Group PLC's Key Position Disclosure
In the realm of corporate governance and transparency, disclosures play a crucial role. Man Group PLC has proactively engaged in a public opening position disclosure relating to its interests in relevant securities. This step underscores the commitment of Man Group to uphold the standards outlined in the Takeover Code.
Understanding the Disclosure Requirements
The Takeover Code mandates that when a person holds interests in relevant securities amounting to 1% or more, certain disclosures must be made. Man Group PLC is adhering to these guidelines carefully, ensuring that all necessary information is reported transparently. This transparency is fundamental for maintaining trust among investors and the market at large.
Initial Key Information
As part of the disclosure, it’s imperative to reiterate the key elements:
- Discloser Name: Man Group PLC
- Relevant Company: Smith (DS) plc
- Position Held: Details on positions and dealings are outlined.
Positions of Man Group PLC
Following the guidelines, Man Group has provided insights into the positions of the individual making the disclosure. This includes details on interests in the relevant securities as stipulated:
- Class of Relevant Security: 10p ordinary shares
- Total Interests: 15,169,705 shares, representing 1.10% of shares
Engagement in Financial Transactions
In addition to holdings, disclosures concerning dealings are also highlighted prominently. It is crucial that all transactions, including recent purchases and sales, are transparently communicated.
Recent Dealings by Man Group
For detailed clarity, Man Group's recent financial dealings include:
- Equity Swap: A strategic move to reduce a long position involving the purchase of 31,640 shares at a price of 4.801 GBP each.
Other Relevant Disclosures
Furthermore, additional disclosures concern agreements or arrangements that might influence transactions. Man Group maintains a clear communication line regarding such matters, fostering a robust framework for understanding market dynamics.
Contact Information
If investors or stakeholders have questions, they can reach out directly to:
Name: Mackenzie Terry
Phone: +442071441555
Frequently Asked Questions
What does the disclosure by Man Group PLC entail?
This disclosure outlines the interests of Man Group PLC in relevant securities and adheres to the Takeover Code's requirements.
How much of Smith (DS) plc does Man Group PLC own?
Man Group PLC currently holds 15,169,705 10p ordinary shares in Smith (DS) plc, representing 1.10% of the total shares.
What recent transactions did Man Group PLC undertake?
The most notable transaction includes reducing a long position through an equity swap involving 31,640 shares at a price of 4.801 GBP.
Can I contact Man Group PLC for inquiries?
Yes, inquiries can be made by contacting Mackenzie Terry at +442071441555.
What is the significance of disclosures under the Takeover Code?
Disclosures ensure transparency and trust within the marketplace, allowing stakeholders to make informed decisions based on key financial information.
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