Man Group PLC Discloses Position in Keywords Studios
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Man Group PLC Announces Position in Keywords Studios plc
In a recent disclosure, Man Group PLC has shared critical information regarding their stake in Keywords Studios plc. This disclosure relates to the company's interests in relevant securities, which are deemed significant under the rules of the Takeover Code.
Key Information Provided by Man Group PLC
As detailed in their announcement:
1. Discloser Details
Man Group PLC has identified themselves as the main discloser of the securities held. Their full name was clearly stated, highlighting their active role in the transaction. Interestingly, no other controllers were noted in relation to this disclosure, effectively simplifying the report.
Relevant Parties and Securities
The company's disclosure specifically pertains to Keywords Studios plc, establishing a direct line of communication regarding any dealings or positions held in the studio's relevant securities.
Timing and Context of Disclosure
The date of this disclosure noted was the end of August 2024, representing the latest practicable date for this significant announcement. This timing is critical as it aligns with market expectations and regulatory requirements, ensuring transparency.
Positions of Man Group PLC in Keywords Studios
Details surrounding the positions taken by Man Group in Keywords Studios plc showcase a commitment to maintaining a transparent relationship with both the market and the regulatory bodies.
Among the interests disclosed were:
- Interests in cash-settled derivatives, with a notable position showcasing 1,711,208 derivatives held, amounting to approximately 2.13% of ownership.
- No short positions in stock as of the date specified.
Recent Dealings and Financial Transactions
Man Group PLC also provided insights into their recent dealings related to the Keywords Studios securities:
1. Purchases and sales: The company engaged in various transactions including:
- Reducing a long position by 3,642 shares at a price of £24.064 per unit.
- Subsequent increases in long position involving additional purchases, again underlining their active management in this sector.
Types of Derivative Transactions
In detail, the nature of their dealings primarily involved equity swaps. They have been adjusting their exposure through multiple transactions, indicating a dynamic trading strategy tailored to market movements.
Exercise and Other Dealings
Further information regarding options was also addressed. However, none were noted for exercising options or alternative forms of dealings.
Additional Information on Disclosure Arrangements
It is important to consider indemnity and other arrangements regarding these transactions:
The report indicates no existing agreements or understandings that might influence the disclosures or future dealings, which reflects an adherence to clear and unambiguous governance standards.
Contact Information for Inquiries
For additional questions or clarity regarding these disclosures, stakeholders can reach out to Matthew Irwin at Man Group PLC, with direct contact available via +442071447255. They are open to discussing these disclosures in further detail, adhering to Market Surveillance Unit standards.
Frequently Asked Questions
What is the significance of Man Group PLC's disclosure?
This disclosure is crucial as it reveals the stake and interest held by Man Group PLC in Keywords Studios plc, which is significant for stakeholders monitoring regulatory compliance.
What type of securities was disclosed by Man Group PLC?
Man Group PLC disclosed interests mainly in cash-settled derivatives related to Keywords Studios, along with any adjustments in their positions.
Who can be contacted for more information regarding the disclosure?
Inquiries regarding this disclosure can be directed to Matthew Irwin at Man Group PLC, accessible via a specified contact number.
When was the disclosure made?
The disclosure was officially announced at the end of August 2024, adhering to standard reporting timelines in the financial sector.
Are there any guarantees regarding future dealings?
As per the disclosure, there are no stated agreements or understanding that guarantee future dealings, ensuring transparency in all transactions undertaken by Man Group PLC.
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