Man Group PLC Discloses Positions in Darktrace plc Securities

Disclosure Overview by Man Group PLC

Man Group PLC recently made significant disclosures concerning its interests in Darktrace plc, which operates at the forefront of cyber defense technology. This essential announcement falls under the purview of Rule 8.3 of the UK Takeover Code, aimed at ensuring transparency from parties with substantial interests in relevant securities.

Key Information Released by Man Group PLC

This disclosure provided vital details regarding the full name of the discloser, which is Man Group PLC. The company's proactive approach in revealing its holdings demonstrates its commitment to regulatory compliance and market transparency.

Details of Ownership

The current information reveals that Man Group PLC maintains a strategic stake in Darktrace plc. The disclosure includes crucial figures such as ownership percentages and the specific securities in question, showing their vested interests in the evolving landscape of cybersecurity solutions.

Position Overview

The positions held by Man Group PLC in Darktrace plc serve as a testament to the company's confidence in the future of cybersecurity technologies. As an investment entity, Man Group highlights its ownership of cash-settled derivatives amounting to 7,560,989 securities, reflecting 1.08% of the total shareholding. This quantified data illustrates their substantial influence in Darktrace’s operational capacity.

Recent Dealings in Relevant Securities

Part of the disclosure includes details about any transactions conducted in relevant securities by Man Group PLC. Among these transactions, the report mentions the buying and selling of various securities, combined with emerging strategies designed to optimize their investment positions across the board.

Purchases and Sales

Man Group PLC confirmed it had made significant purchases in Darktrace plc, marking its confidence in the company’s future potential. This strategic investment not only enhances its portfolio but also suggests a long-term perspective toward cybersecurity advancements.

Derivative Transactions

Equity swaps are among the derivative transactions that Man Group PLC has engaged in, further showcasing the firm's adaptive trading strategies. The details provided highlight that they increased their long position by 12,263 units at a rate of 5.844 GBP per unit. This activity signals an optimistic view of Darktrace's trajectory in the cybersecurity sector.

Final Remarks on Man Group’s Commitment

The disclosures by Man Group PLC invite investor scrutiny and highlight the significance of transparency in market operations. The outlined financial interests in Darktrace plc reflect the company's larger strategy to solidify its presence within high-growth industries such as cybersecurity.

Company Contact Information

Mackenzie Terry, the contact representative for this disclosure, can be reached at +442071441555 for further inquiries. Man Group remains open for discussions regarding its strategy and positions in such innovative sectors.

Frequently Asked Questions

What is the significance of the disclosure made by Man Group PLC?

The disclosure details the interests held by Man Group PLC in Darktrace plc, ensuring compliance with regulatory standards and promoting market transparency.

How much stake does Man Group PLC hold in Darktrace plc?

Man Group PLC holds 7,560,989 cash-settled derivative securities, representing about 1.08% of the total shareholding in Darktrace plc.

What types of transactions did Man Group PLC engage in recently?

Man Group PLC has been involved in various transactions, including purchases and derivative trades, which reflect a robust investment strategy.

Who can I contact for more information regarding this disclosure?

Mackenzie Terry is the point of contact and is available at +442071441555 for any inquiries related to the disclosure.

Why is the transparency of these disclosures important?

Transparency in disclosures helps maintain trust within the market, ensures fairness, and allows investors to make informed decisions about their investments.

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