Man Group PLC Reports on Darktrace plc Trading Activities
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Man Group PLC Trading Update on Darktrace plc
Man Group PLC has recently disclosed its dealings regarding Darktrace plc, highlighting its trading activities and positions held in the relevant securities. This report adheres to Rule 8.3 of the Takeover Code, which necessitates transparency in dealings when holding 1% or more of relevant securities.
Key Information Released
The disclosure includes crucial details about the stakeholders involved, including the full name of the discloser, which is Man Group PLC, and outlines their interest in Darktrace plc. While the document specifies the relevant securities, it also ensures to highlight the ownership structures.
Understanding the Stakeholder's Position
Positions are reported based on the latest practicable date prior to the disclosure. Furthermore, interests and short positions in relevant securities following any dealings are articulated to ensure clarity among investors and stakeholders.
Positions of Man Group PLC
In addition to their interests in Darktrace plc, the disclosure showcases a comprehensive rundown of the various classes of relevant securities and their respective statistics. This includes cash-settled derivatives, stock-settled derivatives, and total holdings within the relevant securities, providing a holistic view of Man Group's financial positioning.
Breakdown of Securities Held
The report specifies that Man Group PLC holds a significant number of cash-settled derivatives, highlighting 7,455,808 units, representing 1.06% of Darktrace plc's shares. Such transparency offers potential investors insightful data regarding Man Group’s market strategies.
Dealings and Transactions Elaborated
Along with detailing current positions, the disclosure illustrates recent transactions made by Man Group PLC. This includes purchases or sales related to the securities of Darktrace plc, effectively informing stakeholders of any shifts in the organization’s strategy or market positioning.
Transaction Insights
Recent transactions indicate a methodical approach to increasing their long positions in Darktrace plc, showcasing strategies like equity swaps with specific numbers and prices per unit detailed clearly for transparency.
Other Relevant Information
Moreover, Man Group PLC has confirmed no additional dealer arrangements or indemnities exist, adhering strictly to the guidelines of the Code. They remain committed to maintaining high standards of transparency and integrity in their trading practices.
Contact Information
For further inquiries, Mackenzie Terry can be reached at +442071441555, ensuring open lines for interested parties seeking more information on these disclosures.
Frequently Asked Questions
What triggered the recent disclosure by Man Group PLC?
Man Group PLC's requirement to disclose transactions comes from holding an interest of 1% or more in relevant securities under the Takeover Code rules.
What significant positions does Man Group PLC hold in Darktrace plc?
Man Group PLC holds 7,455,808 cash-settled derivatives, amounting to a 1.06% interest in Darktrace plc.
How does this disclosure impact stakeholders?
This disclosure provides stakeholders with transparency regarding Man Group PLC's investment activities, which can inform their decisions.
Who can be contacted for more information on Man Group's trading activities?
Mackenzie Terry is the contact for any inquiries, reachable at +442071441555.
Are there any existing agreements outside of the disclosed interests?
No additional agreements or arrangements have been disclosed by Man Group PLC regarding their trading activities in Darktrace plc.
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