Understanding Assura Plc's Position and Shareholder Transactions
Key Information on Assura Plc's Shareholder Disclosure
Assura Plc, under the ticker LSE:RAT, recently provided a public opening position disclosure revealing critical details of its shareholder transactions. This essential information is significant for investors and financial analysts who follow the company's movements in the stock market.
Understanding the Disclosure Process
Disclosures like this are structured under Rule 8.3 of the Takeover Code, which requires entities holding 1% or more of any security to declare their positions. The primary aim is to ensure transparency in the financial marketplace, promoting informed decision-making among investors.
Disclosure by Rathbones Group Plc
The latest disclosure indicates that Rathbones Group Plc is the managing entity holding interests in Assura Plc. The group currently controls 105,744,962 ordinary shares, which accounts for 3.25% of the total shares.
The Role of Exempt Fund Managers
Should an exempt fund manager link to the offeror or offeree, this must be clarified in the report. However, in this case, there was no indication of an exempt fund manager involvement specifically tied to Assura Plc.
Positions of Rathbones Group Plc
Rathbones Group Plc has declared its interests in the relevant securities of Assura Plc, which are necessary for gauging investment strategies and market movements. These comprehensive disclosures help establish the credibility and reliability of the parties involved in transactions.
Interests and Short Positions
The report outlines Rathbones Group's ownership of a substantial number of shares. Notably, there are no short positions reported at this time, which reflects a solid confidence in Assura Plc’s market performance.
Rights to Subscribe for New Securities
Regarding any rights to subscribe for new securities, the documentation on this front remains relatively straightforward. Currently, no new securities rights are mentioned and no subscription details were highlighted. This information is notable as it indicates that Rathbones Group has not expressed any plan for acquiring additional shares in the near term.
Detailing Recent Dealings
As part of its public disclosure, Rathbones also documented its recent dealings, further clarifying their intent and operational strategies relative to Assura Plc's stock.
Purchases and Sales Overview
Analysis of transaction data reveals that multiple sales of Assura Plc’s ordinary shares occurred, with varying prices. The most significant sales include:
- 47,608 shares sold at 49.5156p
- 71,645 shares sold at 49.438p
- 40,165 shares at 49.374p
The transactions reflect active management of their portfolio, allowing Rathbones Group to strategically capitalize on market conditions.
Cash-Settled Derivative Transactions
Interestingly, the report indicates that there were no registered cash-settled or stock-settled derivative transactions within this period. This absence suggests a focus on direct shareholding rather than using complex derivatives in managing their investments.
Additional Information and Compliance
The disclosure also encompasses various compliance measures regarding indemnity arrangements and any agreements reflecting future dealings or voting rights. It confirms that there are currently no agreements that would influence future decisions relative to voting rights for the relevant securities.
Public Disclosure Requirements
As mandated by the regulations, public disclosures shall also be made to a Regulatory Information Service to ensure standardized reporting and transparency across the markets.
Frequently Asked Questions
What is the purpose of the disclosure?
This disclosure aims to promote transparency by revealing significant shareholders and their activities regarding Assura Plc's securities.
Who is the discloser in this case?
Rathbones Group Plc is the entity making the disclosure regarding its interests in Assura Plc.
How many shares does Rathbones Group Plc own?
Rathbones Group Plc holds 105,744,962 shares of Assura Plc, which equates to 3.25% of the company's total shares.
What recent transactions were made?
Rathbones Group has executed several sales of their shares, indicating active management of their holdings in Assura Plc.
Are there any significant future acquisition plans?
No immediate plans for future acquisitions have been disclosed, suggesting a stable strategy for their current holdings.
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