Man Group PLC Updates on LondonMetric Property Positions

Author: Henry Turner Updated: 04-29-2025 06:00 AM

Key Disclosure from Man Group PLC

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code

1. IMPORTANT INFORMATION

(a) Discloser's Full Name: Man Group PLC

(c) Target Company: LondonMetric Property plc

(e) Last Position Held: Prior disclosure date indicates position as of the end of April 2025.

(f) Disclosure for Other Parties: Yes, Urban Logistics REIT plc also involved.

Positions Regarding Relevant Securities

(a) Positions relating to the Securities:

Man Group PLC holds significant interests in LondonMetric Property plc's securities, with a total ownership and derivative positions totaling over 23 million shares, comprising a considerable percentage of the company's shares.

Class of Relevant Security: 10p ordinary shares

(1) Total Relevant Securities Owned: 15,761,017 shares, representing approximately 0.77%.

(2) Cash-Settled Derivatives: The company also has cash-settled derivatives totaling 8,014,963 shares with a similar 0.39% stake.

(3) Overall Total: When combining different forms of ownership, Man Group PLC holds a total of 23,775,980 shares, which translates to about 1.16% of the company.

The above figures reflect the comprehensive financial interests that Man Group PLC holds in LondonMetric Property plc.

Recent Transactions and Activities

(a) Purchases and Sales of Securities:

Recent activities have seen Man Group PLC engaging in various transactions related to their stake in LondonMetric Property. These transactions were primarily through equity swaps, which allowed them to increase their short position significantly by a few thousand shares at a price of approximately 1.915 GBP per unit.

(b) Cash-Settled Derivative Transactions: The company has strategically increased its short positions, reflecting a robust trading strategy amidst fluctuating market conditions.

Overall Insights and Future Considerations

The strategic maneuvers by Man Group PLC concerning its interests in LondonMetric Property indicate a proactive approach to evolving market dynamics. With their significant holdings and transaction activities, stakeholders should watch for further developments as they may signal a shift in market strategy.

The company is committed to transparency regarding its holdings and associated transactions, as mandated by regulations under the Takeover Code. Stakeholders are encouraged to stay informed through regular updates, reflecting the organization’s strategic initiatives in the market.

Frequently Asked Questions

What is Man Group PLC's role in LondonMetric Property?

Man Group PLC holds a substantial stake in LondonMetric Property, representing a significant percentage of its total securities.

What are the latest updates from Man Group PLC?

Recent disclosures include details on their equity stakes and cash-settled derivatives related to LondonMetric Property.

How does Man Group PLC manage its investments?

The company utilizes various strategies, including equity swaps, to optimize its investment positions.

What should investors watch for regarding Man Group PLC?

Investors should keep an eye on any new disclosures or market movements that may affect the company’s investment strategies.

How can I contact Man Group PLC for more information?

You can reach out to Mackenzie Terry via telephone at +442071441555 for further inquiries.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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