Understanding the Public Opening Position Disclosure Process
Public Opening Position Disclosure Overview
When it comes to investments, maintaining transparency is paramount. This is especially true for companies like Crimson Tide Plc. Under the Takeover Code guidelines, various disclosures are mandated to ensure that all stakeholders are clearly informed about significant interests in relevant securities. This essential practice is one way to maintain integrity in financial markets.
Key Information to Disclose
The first section of a public opening position disclosure document breaks down essential information about the disclosing party. For instance, in this particular disclosure by Rathbones Group Plc, they must provide their full name, details about ownership or control of interests, and the name of the company relevant to the securities they are holding. In this case, it's primarily concerning Crimson Tide Plc, ensuring clarity throughout the process.
Identifying Relevant Securities
It's vital to identify the relevant securities accurately as this affects the nature of the disclosure. For example, the disclosure highlights that Rathbones Group Plc holds:
- Class of relevant security: 10p Ordinary Shares
- Interests: 190,267 shares, amounting to 2.89% of the issued share capital
This ownership stake provides insight into Rathbones' investment in Crimson Tide Plc, illustrating a considerable position.
Understanding Positions and Dealings
Next, the document discusses the positions held by Rathbones. This section clarifies interests and short positions in the relevant securities following recent dealings. It is crucial to showcase all positions, whether long or short, as this impacts perception in the investment community.
Recent Dealings Summary
Additionally, disclosures must include any recent purchases or sales of securities which are pertinent to regulatory compliance. For instance, recent activity may show sales of 2,810 shares at a unit price of 65p, signaling an active trading strategy and helping maintain market transparency regarding Rathbones' strategies and positions related to Crimson Tide Plc.
Other Relevant Information
The disclosure doesn't just stop at owning securities. It also explores other financial agreements that might influence decisions or encapsulate relationships with other market participants. This includes any indemnity or options related to the securities held. Notably, in this case, no such agreements exist, as they stated 'none' in the relevant section.
Contact Information for ComplianceQueries
All disclosures end with contact details for those needing further clarification. For Rathbones Group Plc, Chinwe Enyi from the Compliance Department is the designated contact, available at 0151 243 7053. Having a clear point of contact ensures smooth communication regarding any compliance or regulatory inquiries.
Frequently Asked Questions
What is a public opening position disclosure?
A public opening position disclosure informs the market of significant interests in a company's securities, ensuring transparency.
What company does this disclosure pertain to?
It pertains to Crimson Tide Plc, focusing on Rathbones Group Plc's interest in its securities.
Why are securities positions disclosed?
Disclosing securities positions helps maintain transparency and trust in markets, allowing all stakeholders to make informed decisions.
What happens if a disclosure does not meet requirement?
Failure to comply with disclosure requirements can lead to regulatory scrutiny and potential penalties.
Who can I contact for compliance issues?
The contact for compliance queries is Chinwe Enyi from the Compliance Department, reachable at 0151 243 7053.
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