Man Group PLC Reports New Position in Urban Logistics REIT

Key Information Regarding Urban Logistics REIT plc

Man Group PLC, a significant player in the financial services sector, has recently disclosed its position regarding Urban Logistics REIT plc. This disclosure is essential for maintaining transparency in the market and follows the rules established under the Takeover Code.

Details of Disclosure

This disclosure, known as FORM 8.3 under the Takeover Code, is crucial for stakeholders interested in securities that represent 1% or more of relevant interests. This specific report outlines key information about the interests of Man Group PLC in Urban Logistics REIT plc.

To begin with, the report indicates that the full name of the discloser is Man Group PLC, which is focused on investment management and operates in several global markets. Additionally, the report notes that, as of the latest applicable date, Man Group controls a substantial number of relevant securities, representing a significant percentage of Urban Logistics REIT plc.

Urban Logistics REIT plc is the entity in question, and it is aligned with Man Group's strategy of exploring and enhancing its investments in the logistics sector, a field that continues to grow due to the rise of e-commerce and the demand for effective supply chain solutions.

Positions and Interests

As of the most recent report, Man Group holds approximately 7,409,121 ordinary shares of Urban Logistics REIT plc, accounting for about 1.59% of the total securities. The overall position held amounts to 8,943,407 securities, indicating a strategic investment aimed at capitalizing on the burgeoning logistics market.

In addition, Man Group has revealed that it also holds cash-settled derivatives linked to the company's performances, further emphasizing its commitment and investment strategy within Urban Logistics REIT plc. The cash-settled derivatives indicate not just ownership of assets but also a more sophisticated approach towards market dynamics.

Recent Dealings by Man Group PLC

Looking into the recent dealings, Man Group has engaged in buying activities within Urban Logistics REIT plc. The report shows a purchase of 130,503 shares at a price of 1.598 GBP per unit, followed by another purchase of 32,097 shares at 1.595 GBP per unit. These transactions reflect the confidence Man Group has in the ongoing growth and operational success of Urban Logistics REIT plc.

Understanding the fluctuations in the market and the strategic timing of these investments helps illustrate the foresight and analytical capabilities of Man Group as a substantial investor in this REIT.

Contact Information

For more details surrounding this disclosure, stakeholders can reach out to Mackenzie Terry, whose contact number is +442071441555. This increase in communication clarity promotes trust and transparency in Man Group's dealings with its investors.

Frequently Asked Questions

What is FORM 8.3 under the Takeover Code?

FORM 8.3 is a disclosure that must be made by individuals or entities that have a relevant interest of 1% or more in a company’s securities during certain takeover situations.

Who is the discloser in this context?

The discloser is Man Group PLC, which holds a significant percentage of securities in Urban Logistics REIT plc.

What type of securities does Man Group hold in Urban Logistics REIT?

Man Group holds ordinary shares and cash-settled derivatives associated with Urban Logistics REIT plc.

What is Urban Logistics REIT plc?

Urban Logistics REIT plc specializes in investing in logistics properties, focusing on the increasing demands of the e-commerce sector.

How can I contact Man Group for more information?

You can contact Mackenzie Terry at +442071441555 for any inquiries regarding their position in Urban Logistics REIT plc.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

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