Man Group PLC Files Disclosure with International Paper Company
Man Group PLC Updates on International Paper Company Disclosure
Man Group PLC has reported a public opening position disclosure regarding its interests in International Paper Company. This disclosure comes under Rule 8.3 of the Takeover Code, highlighting the company's commitment to maintaining transparency in its investment activities.
Key Information Regarding the Disclosure
The key aspects of the disclosure include the following:
Discloser: The report indicates that Man Group PLC is the discloser, responsible for reporting relevant positions.
Relevant Securities: It includes details about the ownership of shares in International Paper Company, a leading supplier of fiber-based packaging products and paper.
As the disclosure requires a specific format, it outlines the identification of interests and short positions relating to the relevant securities held by Man Group.
Positions of Man Group PLC
Man Group PLC must indicate both interests and short positions in International Paper Company as part of this regulated statement. The positions are divided into categories that provide insights into both holdings and any derivative positions.
Relevant Securities Owned: Man Group PLC disclosed ownership of a total of 71,517 shares, amounting to 0.02% of common stock in International Paper Company.
Cash-Settled Derivatives: There exist additional substantial cash-settled derivatives, totaling 1,756,243 shares, which represent 0.51% of the common stock.
Details on Derivative Positions
In addition to shares, it is crucial to examine any open stock-settled derivative positions relating to International Paper Company, as this can reflect the organization’s strategic considerations in the marketplace.
Understanding these positions allows investors and market analysts to gauge the company's financial health and strategic direction.
Dealing Disclosure by Man Group PLC
The dealings made by Man Group PLC include various transactions concerning its holdings in International Paper Company. Here are some critical transactions reported:
- Sales of Common Stock: Man Group PLC sold 41 shares at 49.370 USD and 2,119 shares at 49.614 USD, indicating active management of its position.
- Purchases: In a strategic move, the company also acquired 5,329 shares for 49.757 USD, possibly showing confidence in the company's future performance.
These transactions not only provide a snapshot of Man Group’s trading strategy but also illustrate its involvement in the capital markets.
Additional Information and Contact Details
No supplementary forms or collateral agreements have been disclosed at this time, reflecting a straightforward approach to the disclosure requirements.
For any inquiries regarding the disclosures or for more information, the following contact information for Man Group PLC is provided:
Contact Name: Mackenzie Terry
Telephone: +442071441555
This transparency demonstrates Man Group's adherence to regulatory standards and its commitment to providing clarity to its stakeholders.
Frequently Asked Questions
1. What is the purpose of the disclosure?
The disclosure serves to inform the market and stakeholders about Man Group PLC's financial interests in International Paper Company, providing essential transparency in accordance with regulatory requirements.
2. How many shares does Man Group PLC own in International Paper?
Man Group PLC owns 71,517 shares of International Paper Company, representing approximately 0.02% of the total common stock.
3. Are there any derivatives reported in the disclosure?
Yes, there are cash-settled derivatives totaling 1,756,243 shares reported, representing 0.51% of the common stock.
4. Who can I contact for more information regarding the disclosure?
For further inquiries, you can contact Mackenzie Terry at +442071441555.
5. What regulatory code governs this disclosure?
This disclosure is made under Rule 8.3 of the Takeover Code, which mandates specific reporting standards for market participants.
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