Man Group PLC's Updated Shareholding in International Paper
Key Information on Man Group PLC's Shareholding
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. KEY INFORMATION
(a) Full name of discloser: Man Group PLC
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: International Paper Company
(e) Date position held/dealing undertaken: Latest practicable date prior to the disclosure.
(f) Is the discloser making disclosures in respect of any other party to the offer? YES / N/A Offeree – Smith (DS) plc
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities, details will follow.
Interests and short positions in the relevant securities:
Class of relevant security: Common Stock
Number of interests held: 66,264, representing 0.02%
Number of short positions: 638,387, representing 0.18%
Rights to subscribe for new securities:
Details will be provided where applicable.
Recent Trading Activities
As part of the recent disclosures, it is essential to highlight the trading activities that took place. Man Group PLC has participated in various transactions with respect to International Paper Company.
Purchases and Sales of Common Stocks:
Sale: 1,260 shares at $47.130 USD each
Sale: 32 shares at $47.076 USD each
Detailed Overview of Derivative Transactions
In addition to the stock transactions, derivative dealings have also been noted:
Cash-settled Derivatives:
Number of reference securities: 1,748,089 at 0.50% of the overall holdings.
Summary of Other Dealing Arrangements
Indemnity and Other Dealing Arrangements:
No indemnity agreements or options related to the transactions have been disclosed by the person making the disclosure.
Contact Details for Disclosure Inquiries
Date of disclosure: Latest date prior to the disclosure submission.
Contact name: James Carr
Telephone number: +442071447242
Public disclosures under Rule 8 of the Code are mandatory and must be communicated to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is an available resource for questions regarding the Code’s disclosure requirements.
Frequently Asked Questions
What is FORM 8.3?
FORM 8.3 is a disclosure form required under the Takeover Code for individuals or entities holding a significant amount of relevant securities.
Who is Man Group PLC?
Man Group PLC is a global active investment management firm that specializes in a diverse array of investment strategies.
What is the significance of owning 1% or more of securities?
Ownership of 1% or more of a company's securities signifies significant investment and potential influence over company decisions.
How do stock and derivative transactions impact investments?
Such transactions can provide insights into market sentiment regarding a company's future performance and affect stock price movements.
Where can I find the Takeover Code?
The Takeover Code can be viewed on the regulatory body’s official website, ensuring compliance with legal disclosure standards.
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