Key Disclosure from Man Group PLC
Man Group PLC is committed to transparency in its investment dealings and recently disclosed important information regarding its position. The disclosure pertains to relevant securities where their interests represent 1% or more, aligning with Rule 8.3 of the Takeover Code.
Key Information Overview
The following summarizes the essential details:
Full Name of Discloser: Man Group PLC
Name of the Offeror in Relation to Relevant Securities: Dowlais Group plc
This disclosure includes: an overview of the interests and any relevant short positions associated with the disclosed securities.
Details of Relevant Positions
Man Group PLC holds the following interests in relation to Dowlais Group plc:
- Relevant Securities Owned: 10,996,303 shares, representing approximately 0.82% of the total.
- Cash-settled Derivatives: 9,150,625 shares, representing around 0.68%.
- Stock-settled Derivatives: pertinent information is still pending for this classification.
This totals approximately 20,146,928 shares across various classes, representing about 1.50% of total interests.
Recent Dealings Overview
In the recent reporting period, there were notable transactions:
Purchases and Sales
Man Group PLC reported purchases of:
- Class of Relevant Security: 1p ordinary
- Details: The dealings included increasing long positions via equity swaps, specifically:
- Number of Securities: 4,533
- Price per Unit: 0.532 GBP
Stock-settled Derivative Transactions
Currently, the specific details regarding stock-settled derivatives are being finalized.
Other Relevant Information
Man Group PLC has no current indemnity arrangements or agreements that could influence dealings. This promotes fairness and transparency in market operations.
Additional Disclosures and Contact Information
For public disclosures under Rule 8 of the Takeover Code, it is paramount to direct your inquiries to a Regulatory Information Service. Man Group PLC's contact information is outlined for those seeking further details:
Contact Name: Mackenzie Terry
Telephone Number: +442071441555
Frequently Asked Questions
What is the significance of the disclosure by Man Group PLC?
This disclosure signifies the company's commitment to adhering to transparency and regulatory standards in financial dealings.
How much of Dowlais Group plc does Man Group PLC own?
Man Group PLC owns approximately 20,146,928 shares of Dowlais Group plc, representing about 1.50% of the total.
What types of securities are involved in the disclosure?
The disclosure mentions various types of relevant securities, including ordinary shares and cash-settled derivatives.
Who can I contact for more information?
Further inquiries can be made to Mackenzie Terry at +442071441555.
What does Rule 8.3 of the Takeover Code relate to?
Rule 8.3 pertains to disclosures made by shareholders with significant interests, generally aimed at promoting transparency surrounding ownership and securities dealings.
