Rathbones discloses 1.08% stake in IP Group after small share sale
A UK Rule 8.3 filing dated July 8 shows Rathbones held 9.60 million IP Group shares on July 7, sold 2,000 shares at 64.7998p and recorded an internal transfer of 4,730 shares.
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Rathbones Group Plc disclosed a new opening position under Rule 8.3 of the UK Takeover Code showing it held 9,599,573 2p ordinary shares in IP Group Plc, equal to 1.08%, as of 07/07/2026. The filing, dated 08/07/2026, reported a sale of 2,000 shares at 64.7998p and an internal transfer from discretionary to execution-only accounts covering 4,730 shares. Rathbones said it was not making disclosures in respect of any other party to the offer. The new filing concerns IP Group and is separate from earlier Rathbones disclosures on Advanced Medical Solutions Group plc and Picton Property Income Limited. In those earlier filings, Rathbones reported a 5.04% stake in Advanced Medical Solutions as of 07/07/2026, after sales of 693 shares and 11,000 shares at 279.75p, and previously a 5.05% stake as of 03/07/2026. Rathbones also disclosed a 6.22% stake in Picton Property Income Limited as of 03/07/2026, alongside sales of 22,500 shares at 72.2402p and 10,527 shares at 72.033p, while stating that filing also related to a consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited. Across the filings, Rathbones reported no short positions, derivatives, rights to subscribe for new securities, or relevant dealing arrangements.
- Rule 8.3 of the Takeover Code: UK disclosure rule requiring investors with interests of 1% or more in relevant securities to report positions and dealings during an offer period.
- opening position: A disclosure showing an investor's current stake in a company during a takeover-related offer period.