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Rathbones Group reports 1.17% stake in NextEnergy Solar Fund on July 15

A Rule 8.3 Takeover Code filing shows Rathbones Group held 6,741,485 NextEnergy Solar Fund ordinary shares and disclosed a small sale and an internal transfer on the same day.

Summary

Rathbones Group Plc disclosed an interest of 1.17% in NextEnergy Solar Fund Ltd under Rule 8.3 of the Takeover Code, which requires disclosure by parties holding 1% or more of relevant securities during an offer period. The filing shows Rathbones held 6,741,485 ordinary NPV shares in NextEnergy Solar Fund as of 15 July 2026. It also records dealings in the shares on the same date, including a sale of 7,000 shares at 50.6 pence and an internal transfer of 5,912 shares from discretionary to execution-only. No short positions, cash-settled derivatives, stock-settled derivatives, subscription rights, indemnity arrangements, or derivative-related agreements were disclosed.

Terms & Concepts
  • Rule 8.3 of the Takeover Code: UK takeover disclosure rule requiring position and dealing disclosures from holders of 1% or more during an offer period
  • ordinary NPV: Ordinary shares with no par value assigned to each share
  • cash-settled derivatives: Contracts whose gains or losses are paid in cash rather than through delivery of shares