Man Group PLC Disclosure: Insights on Securities and Transactions
Key Information from Man Group PLC
This disclosure by Man Group PLC outlines the interests in relevant securities representing 1% or more, in compliance with the guidelines of Rule 8.3 of the Takeover Code. It provides an insight into the financial standing and dealings of Man Group PLC regarding American Axle & Manufacturing Holdings Inc.
Disclosing Party Details
The full name of the disclosing entity is Man Group PLC. As a reputable entity in the financial sector, it plays a significant role in maintaining transparency in its dealings. There are no additional controlling parties named in this disclosure.
Relevant Security Classification
This disclosure concerns the relevant securities of American Axle & Manufacturing Holdings Inc. The primary classification under review is USD 0.01 common shares.
Ownership and Interests
Man Group PLC has reported holding 84,528 common shares, which translates to approximately 0.07% of the total. Additionally, they have a short position involving 5,181 shares, indicating a strategic interest in leveraging their assets effectively.
Nature of Dealings Conducted
Within the reporting timeframe, transactions have shown both purchases and sales that are crucial for understanding Man Group’s strategic approach. The report specifies a sale of 14,114 shares at a price of 5.782 USD per unit.
Cash-Settled Derivative Transactions
Man Group has also engaged in cash-settled derivative transactions, indicating a proactive approach to managing its investment risks. Notably, they closed a long position and opened a short position on 257,610 reference securities, again at a price of 5.782 USD.
Stock-Settled Derivative Transactions
Engagements in stock-settled derivatives further complement their position, although no specific figures are listed in this section of the reporting. These transactions are typical for firms managing diverse portfolios.
Other Essential Information
No indemnity agreements or options related to the securities have been disclosed, showcasing Man Group's commitment to transparency. This can be a reassuring factor for investors monitoring their interests in the corporate dynamics.
Reporting and Contact Details
The date of disclosure was set for 19th February 2025, with Mackenzie Terry listed as the contact person. Investors seeking clarification can reach out via the contact number provided in the disclosure.
Conclusion and Overview
The timely reporting of these securities and transactions provides a clear understanding of Man Group PLC's positioned interests in American Axle & Manufacturing Holdings Inc., contributing to the overall transparency that investors appreciate in publicly traded entities. By clearly stating their holdings and the transaction activities undertaken, Man Group PLC exemplifies corporate accountability.
Frequently Asked Questions
What is the purpose of Man Group PLC's disclosure?
The disclosure serves to inform about the interests in relevant securities representing 1% or more as per the regulations, promoting transparency.
Who is the disclosed party in this report?
The disclosed party is Man Group PLC, a prominent entity in financial management and investment.
Which securities are specifically mentioned in the disclosure?
The securities in question include USD 0.01 common shares of American Axle & Manufacturing Holdings Inc.
What kind of transactions were reported?
The report covers sales, purchases, and derivative transactions, highlighting their active management strategy.
How can interested parties get in touch regarding this disclosure?
Interested parties can contact Mackenzie Terry, whose details are provided in the document.
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