Form 8.3 Disclosure by Man Group PLC
HEADER : This is a public opening position and dealing disclosure made by a person with a stake in relevant securities exceeding 1%, in line with Rule 8.3 of the Takeover Code.
Key Information
1. Disclosure Details:
Full name of discloser: Man Group PLC.
Name of the offeror in reference to these securities: Deliveroo plc.
Date position held: The latest disclosure date has been cited.
Other disclosures related to the offeror: This includes any additional parties involved if applicable.
Positions of Man Group PLC
2. Interests in Relevant Securities:
Interests and rights attributed to Man Group PLC regarding Deliveroo plc’s securities include cash-settled derivatives and various stock-settled derivatives.
Interests: Ordinary Shares
Details of interest held by Man Group PLC in the ordinary shares of Deliveroo describes a significant holding, primarily evidenced through cash-settled derivatives, totaling 16,995,633 shares or a 1.13% interest.
Cash-Settled Derivatives
This includes an expression of interest whereby Man Group PLC holds a controlling stake via cash-settled derivatives. These are specifically aimed at leveraging possible future fluctuations in Deliveroo’s stock price.
Dealing Activity by Man Group
3. Transactions Overview:
Several transactions and dealings have been evidenced by the activities attributed to Man Group PLC. These predominantly take the form of increasing long positions in the ordinary shares via equity swaps.
Review of Recent Transactions
Recent transactions illustrate that Man Group PLC has significantly increased their long positions across several equity swaps, a valid representation of their growing stake in Deliveroo.
Additional Insights and Contact Information
4. Additional Information:
No indemnities or agreements pertaining to securities which could influence dealings have been disclosed by Man Group PLC.
Engagement and Reach
Contact for further inquiries on disclosures is Matthew Irwin. He can be reached at the phone number +442071447255 to discuss implications of this disclosure in-depth.
Frequently Asked Questions
What is the significance of Form 8.3 disclosure?
The Form 8.3 disclosure is vital as it facilitates transparency regarding significant interests and dealings in securities, which can influence investor decisions.
Who is the discloser in this instance?
The discloser is Man Group PLC, which has a considerable interest in the securities of Deliveroo plc.
Which securities are included in this disclosure?
The disclosure pertains to the securities of Deliveroo plc, with particular reference to ordinary shares and certain derivatives positions.
How does this disclosure impact Deliveroo plc’s market positioning?
This disclosure reflects the confidence that Man Group PLC has in Deliveroo's potential, which could affect market sentiment and share price stability.
How can I get more information about this disclosure?
For more details, inquiries can be directed to Matthew Irwin at Man Group PLC, who can provide further context and specifics regarding the disclosure.
