Man Group PLC Discloses Position in Ascential plc Securities
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Man Group PLC Discloses Position in Ascential plc Securities
In a recent disclosure, Man Group PLC is taking important steps to maintain transparency within the financial markets, specifically regarding its position in Ascential plc. This disclosure aligns with the guidelines established by the Takeover Code, focusing on ensuring that significant holders of securities communicate their interests clearly.
Key Information About the Disclosure
Man Group PLC has formally identified itself as the discloser in this transaction. It is crucial for stakeholders to be aware of the interests represented by parties involved in significant transactions.
Details of the Disclosure
Under the rules set forth by the Takeover Code, the disclosure includes various details about the firm’s interests in relevant securities. Ascential plc has been highlighted as a key entity within these interests, showcasing Man Group's involvement. The disclosure applies particularly to the 1.7p ordinary shares.
Positions Held by Man Group
The disclosure lays out specific details of the securities held by Man Group PLC in relation to Ascential plc. This includes the interests held in relevant securities, highlighting both long positions and cash-settled derivatives.
Interests and Short Positions
As part of the disclosure, Man Group has indicated that it holds a significant number of cash-settled derivatives, amounting to 2,884,844 shares, representing 1.41% of the company’s issued share capital. Additionally, there are short positions reported as well.
Dealings Conducted
In terms of dealings, this report outlines a series of activities concerning purchases and sales linked to the 1.7p ordinary shares of Ascential plc. These dealings present a dynamic view of how Man Group manages its investments and mitigates risk in its portfolio.
Types of Transactions
Transactions mentioned include equity swaps, where Man Group has executed multiple trades that affect both short and long positions in significant quantities. This includes adjustments that could enhance their investment strategy or responses to market movements.
Compliance and Reporting
Compliance with the Takeover Code is fundamental for market integrity, and disclosures made by firms like Man Group PLC reinforce this principle. Such transparency allows other investors and stakeholders to understand the dynamics within the financial and stock market.
Relevant Contacts for Further Information
For those seeking more information, Mackenzie Terry serves as the primary contact within Man Group. This disclosure will allow for a clearer understanding of Man Group's strategic positioning and investor information priorities.
Frequently Asked Questions
1. What is the purpose of this disclosure?
The disclosure aims to inform stakeholders about Man Group PLC's interests and positions in Ascential plc as per regulatory requirements.
2. Who is responsible for the disclosure?
Man Group PLC is the disclosing entity as the holder of relevant securities in Ascential plc.
3. What types of positions are included in the disclosure?
The disclosure includes interests in cash-settled derivatives and any short positions related to the 1.7p ordinary shares of Ascential plc.
4. How does this affect shareholders?
Shareholders gain valuable insights into Man Group's strategies and securities holdings, informing their market decisions.
5. How can I get more information about these disclosures?
Interested parties can reach out to Mackenzie Terry at Man Group PLC for more details regarding the disclosure and any related queries.
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