Man Group PLC Updates on Significant Position in American Axle
Recent Insights from Man Group PLC
Man Group PLC has made an important announcement updating its position in American Axle & Manufacturing Holdings, Inc. This updated disclosure replaces a prior notice and provides critical insights into the company's market actions and investor interests.
Key Information Regarding the Disclosure
The recent amendment specifies key information in accordance with Rule 8.3 of the Takeover Code, indicating that the disclosure is made by a person with interests in relevant securities representing 1% or more. The vital details are as follows:
Discloser Information
Full Name of Discloser: Man Group PLC
Offeror Information
Name of Offeror: American Axle & Manufacturing Holdings, Inc.
Details of Positions Held
Man Group PLC's disclosure reflects positions in the securities of American Axle, highlighting the interests and short positions held by the discloser. It’s essential to recognize that these positions help outline the firm’s financial strategies within the automotive sector.
Interest and Short Positions
As of the latest records, Man Group PLC holds:
- Relevant Securities Owned: 855,942 shares, representing 0.73% of total investments in the company.
- Cash-Settled Derivatives: 99,521 units, accounting for an additional 0.08%.
This comprehensive positioning indicates a robust engagement by Man Group in the automotive industry.
Trading Activity Overview
The disclosure also outlines significant trading activities, specifically:
Recent Sales
Man Group has engaged in the sale of common shares recently, detailing transactions of:
- 3,394 shares sold at approximately 3.641 USD each.
- 33,341 shares sold at the same price per unit.
- 2,704 shares sold again at 3.641 USD.
This trading activity displays Man Group's strategic focus on market engagement and liquidity management in the automotive sector.
Agreements and Understandings
The announcement also addresses any potential agreements or arrangements that could influence the dealings regarding American Axle's securities.
Other Information
Regarding indemnity arrangements, it was confirmed that there are no related agreements impacting the disclosed positions. This transparency aligns with regulatory compliance and aims to foster market integrity.
Contact Information for Queries
The dedicated contact for any inquiries related to this announcement is Mackenzie Terry. You can reach out to him at +442071441555.
Frequently Asked Questions
What is the significance of this disclosure from Man Group PLC?
This disclosure outlines the firm’s interests in American Axle’s securities, reflecting their market engagement strategy.
How many shares does Man Group PLC own in American Axle?
Man Group PLC owns 855,942 shares, equating to a 0.73% interest in American Axle.
Who can provide more information regarding this disclosure?
Mackenzie Terry is the contact person for this announcement and can be reached at +442071441555.
What recent trading activity has occurred?
Man Group recently sold several shares of American Axle, indicating active trading and managed positions.
Are there any arrangements made concerning derivatives?
No agreements or arrangements impacting the disclosed securities positions were identified in the report.
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