Recent Disclosure by Man Group PLC on Keywords Studios plc
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Recent Disclosure by Man Group PLC on Keywords Studios 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 (the "Code")
Key Information
(a) Full name of discloser: Man Group PLC
(b) Owner or controller of interests and short positions disclosed:
No further information provided.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Keywords Studios plc
(d) If an exempt fund manager connected with an offeror/offeree:
No further information provided.
(e) Date position held/dealing undertaken:
The date of the position held is documented in this disclosure.
(f) Is the discloser making disclosures in respect of any other party to the offer?
Response: N/A
Positions of the Person Making the Disclosure
(a) Interests and short positions in the relevant securities of the offeror or offeree:
Relevant securities owned and controlled demonstrate the engagement of Man Group PLC in Keywords Studios plc. A detailed breakdown of the positions reflects a robust interest in the company.
(1) Relevant securities owned and/or controlled:
No specific numbers are provided in this section.
(2) Cash-settled derivatives:
1,749,731 units with a percentage holding of 2.17% indicate a significant stake and an evident strategic interest.
(3) Stock-settled derivatives (including options):
No specific numbers are provided in this section.
Dealings by the Person Making the Disclosure
(a) Purchases and sales:
No specific transactions have been detailed under this section.
(b) Cash-settled derivative transactions:
Details provided include equity swaps that reflect the adjustment of long positions.
(c) Stock-settled derivative transactions:
No specific transactions are disclosed in this section.
Other Information
(a) Indemnity and other dealing arrangements: None reported.
(b) Agreements, arrangements, or understandings relating to options or derivatives: None disclosed.
Contact Information
Date of disclosure: Documented in this disclosure.
Contact name: Mackenzie Terry
Telephone number: +442071441555
Frequently Asked Questions
What is the primary focus of this disclosure?
This disclosure pertains to the shareholding and engagement of Man Group PLC in Keywords Studios plc under the Takeover Code.
What does the term "cash-settled derivatives" mean?
Cash-settled derivatives are financial instruments whose value is derived from an underlying asset but are settled in cash rather than with the actual underlying asset.
How does this position impact Man Group PLC?
Holding a position in Keywords Studios plc allows Man Group PLC to influence the company's strategic direction and potential financial returns.
Who is responsible for compliance with the Takeover Code?
The responsibility for compliance falls on the parties involved in the transaction, including the discloser and the offeror or offeree.
How can investors interpret this disclosure?
Investors may interpret this disclosure as a sign of confidence from Man Group PLC in the future performance of Keywords Studios plc.
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