Public Disclosure by Rathbones Group on Rightmove Plc
Overview of Public Disclosure
The following document details the public opening position disclosure made by Rathbones Group Plc concerning their interests in Rightmove Plc. This disclosure adheres to Rule 8.3 of the Takeover Code, which regulates how entities investing in relevant securities must report their interests.
Key Information
Discloser: Rathbones Group Plc
Relevant Securities Owner: Not specified
Offeror/Offeree: Rightmove Plc
Date of Position Held: The latest practicable date prior to this disclosure is September 2, 2024.
Current Holding Positions
Upon recent dealings, Rathbones Group owns approximately 13,141,006 shares of Rightmove Plc, representing about 1.66% of the total company. This accounts for their significant investment stake, which necessitates the public disclosure.
Disclosure of Other Interests
Rathbones Group confirmed that it is not making disclosures in respect of any other party associated with the offer pertaining to Rightmove Plc. This helps streamline the investors' view of Rathbones's sole focus on this transaction.
Details on Recent Dealings
In their recent transactions, Rathbones Group reported several sales of 0.1p Ordinary Shares. The transactions include the sale of:
- 4,000 shares at 665.9036p
- 6,500 shares at 669p
- 1,223 shares at 670p
- 4,500 shares at 671.4004p
- 1,302 shares at 675.7277p
- 5,040 shares at 688.82p
- 4,580 shares at 678.323275p
Cash-Settled Derivatives
As for cash-settled derivatives, there were no current transactions reported by Rathbones Group related to those securities. This absence of activity may imply a strategic focus solely on direct equity holdings without derivative exposure.
Other Relevant Information
Rathbones has outlined no indemnity or option arrangements that would serve as inducements to deal or refrain from dealing in the underlying shares of Rightmove Plc. Transparency in this regard enables clarity regarding the firm's motivations around these securities.
Contact Information
For inquiries, you can reach out to Chinwe Enyi from the Compliance Department at the following telephone number: 0151 243 7053. Having accessible contact points keeps the communication channels clear and direct for stakeholders seeking to learn more.
Frequently Asked Questions
What is the significance of the disclosure by Rathbones Group?
This disclosure provides insight into Rathbones Group's current shareholdings in Rightmove Plc, making it essential for investors and regulators to track ownership stakes over 1%.
Who is the discloser in this document?
The discloser is Rathbones Group Plc, a prominent investment and financial services company.
What percentage of shares does Rathbones Group hold?
Rathbones Group holds approximately 1.66% of Rightmove Plc's shares, totalizing 13,141,006 shares.
Are there any caveats related to the disclosure?
None were indicated in this disclosure; all relevant transactions and positions have been reported plainly as per regulatory expectations.
How can I reach Rathbones for more information?
You can contact the Compliance Department, specifically Chinwe Enyi, at 0151 243 7053 for further details.
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