Overview of Public Disclosure
This document outlines the public opening position disclosure made by Rathbones Group Plc regarding their interests in Rightmove Plc. It complies with Rule 8.3 of the Takeover Code, which governs 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 most recent practicable date prior to this disclosure is September 2, 2024.
Current Holding Positions
Recently, Rathbones Group has acquired approximately 13,141,006 shares of Rightmove Plc, which represents about 1.66% of the company's total shares. This substantial investment necessitates the public disclosure.
Disclosure of Other Interests
Rathbones Group has confirmed that it is not disclosing any interests related to other parties involved in the offer concerning Rightmove Plc. This clarification helps investors focus solely on Rathbones's commitment to this transaction.
Details on Recent Dealings
In their latest transactions, Rathbones Group reported several sales of 0.1p Ordinary Shares. The details of these transactions include:
- 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
Currently, there are no reported transactions by Rathbones Group involving cash-settled derivatives related to these securities. This lack of activity may suggest a strategic focus on direct equity holdings without engaging in derivative positions.
Other Relevant Information
Rathbones has stated that there are no indemnity or option arrangements that would incentivize or deter dealings in the underlying shares of Rightmove Plc. This transparency fosters a clearer understanding of the firm's intentions regarding these securities.
Contact Information
If you have any inquiries, please contact Chinwe Enyi from the Compliance Department at 0151 243 7053. Having accessible contact points ensures clear communication for stakeholders seeking additional information.
Frequently Asked Questions
What is the significance of the disclosure by Rathbones Group?
This disclosure sheds light on Rathbones Group's current shareholdings in Rightmove Plc, which is crucial for investors and regulators monitoring ownership stakes exceeding 1%.
Who is the discloser in this document?
The discloser is Rathbones Group Plc, a well-known investment and financial services firm.
What percentage of shares does Rathbones Group hold?
Rathbones Group holds around 1.66% of Rightmove Plc's shares, amounting to 13,141,006 shares.
Are there any caveats related to the disclosure?
No caveats were mentioned in this disclosure; all relevant transactions and positions have been reported clearly in accordance with regulatory requirements.
How can I reach Rathbones for more information?
You can get in touch with the Compliance Department, specifically Chinwe Enyi, at 0151 243 7053 for further information.
