Understanding Man Group PLC's Recent Position Disclosure
Key Information on Man Group PLC's Disclosure
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
(b) Owner or controller of interests and short positions: N/A
(c) Name of offeror/offeree: Dowlais Group plc
(d) If an exempt fund manager connected with an offeror/offeree, state this: N/A
(e) Date position held/dealing undertaken: Latest practicable date prior to disclosure
(f) Discloser making disclosures in respect of any other party: YES
Offeror: American Axle & Manufacturing Holdings, Inc.
Positions of the Discloser
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a) Interests and short positions in relevant securities:
Class of relevant security: 1p ordinary
Interests
Number: 10,188,529
%: 0.76
Short positions:
Number: N/A
%: N/A
(b) Cash-settled derivatives:
Number: 8,945,707
%: 0.67
Short positions: N/A
(c) Stock-settled derivatives:
No additional information available.
Total: 19,134,236
%: 1.42
All interests and short positions must be disclosed.
Recent Dealings by Man Group PLC
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and Sales
Class of relevant security: 1p ordinary
Sale Number of securities: 12,185 Price per unit: 0.546 GBP
Sale Number of securities: 68,065 Price per unit: 0.529 GBP
Other Information
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements: None
(b) Agreements, arrangements, or understandings related to options or derivatives: None
(c) Attachments: No supplemental form attached
Contact Information
Date of Disclosure: Date on which this disclosure was made
Contact Name: Mackenzie Terry
Telephone Number: +442071441555
For regulatory inquiries, contact Market Surveillance Unit or visit the relevant panel website.
Frequently Asked Questions
What is the purpose of a Form 8.3 disclosure?
A Form 8.3 disclosure is a regulatory requirement that provides transparency about significant security holdings in public companies during takeover offers.
Who is Man Group PLC?
Man Group PLC is an investment management firm offering a range of investment strategies and solutions to clients globally.
What are relevant securities?
Relevant securities refer to the financial instruments that are subject to the disclosure requirements of the Code, typically including shares and options of the companies involved in a takeover.
Why are derivatives significant in these disclosures?
Derivatives can impact voting rights and financial positions related to a company, making their disclosure essential for transparency and regulatory compliance.
How does this disclosure affect shareholders?
Such disclosures can influence shareholder perceptions and decisions, as they reveal the intentions and positions of major stakeholders during key corporate events.
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