Man Group PLC Discloses Stake in American Axle & Manufacturing
Key Information on Holdings by Man Group PLC
FORM 8.3
Public Opening Position Disclosure/Dealing Disclosure by
A person with interests in relevant securities representing 1% or more
Rule 8.3 of the Takeover Code (the “Code”)
1. Key Information
(a) Full Name of Discloser:
Man Group PLC
(c) Name of Offeror/Offeree Related to the Disclosed Securities:
American Axle & Manufacturing Holdings, Inc.
2. Positions Held by the Discloser
(a) Interests and Short Positions in the Relevant Securities:
Man Group PLC controls a total of 500,062 shares of American Axle & Manufacturing, representing 0.42% of the total shares. In addition, the Group holds 1,471,356 cash-settled derivatives, which amounts to 1.24% of the company's shares.
(b) Rights to Subscribe for New Securities:
Currently, there are no rights to subscribe detailed for this report.
3. Details of Dealings by Man Group
(a) Purchases and Sales:
In this reporting period, Man Group has been actively increasing its short position. It reported transactions of 2,138 shares at a price of 6.3632 USD and also increased its short positions in several transactions.
(b) Cash-Settled Derivative Transactions:
Man Group has engaged in several increasing short positions transactions using equity swaps to manage their portfolio's exposure efficiently.
(c) Stock-Settled Derivative Transactions:
No stock-settled derivatives have been reported during this period.
4. Other Information
(a) Indemnity and Other Dealing Arrangements:
There are no indemnity or option arrangements documented in this reporting.
(b) Agreements Relating to Options or Derivatives:
Currently, there are no agreements that pertain to options or derivatives.
Frequently Asked Questions
What does the disclosure by Man Group PLC entail?
The disclosure outlines Man Group's significant stakes and short positions in American Axle & Manufacturing Holdings, providing insights into its investment strategies.
What are the key figures reported by Man Group PLC?
Man Group controls 500,062 shares of American Axle & Manufacturing, representing 0.42%, along with 1,471,356 cash-settled derivatives constituting 1.24%.
How has Man Group managed its short positions?
The company has actively increased its short positions through several equity swap transactions noted in the report.
Are there any rights to subscribe for new shares?
No rights for subscription of new securities have been reported in this disclosure.
What is the significance of this disclosure?
This disclosure helps investors understand Man Group PLC's stake in American Axle & Manufacturing and reflects its strategic financial outlook.
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