Man Group discloses 1.62% Senior position under Takeover Code

The filing shows 6,829,122 ordinary shares held through cash-settled derivatives in Senior Plc as of July 16, 2026, marking a new Rule 8.3 disclosure tied to an offer period.

Summary

Man Group PLC disclosed an interest in Senior Plc representing 1.62% of the company’s ordinary shares under Rule 8.3 of the Takeover Code, with the position held as of July 16, 2026. The disclosure states that the exposure comprises 6,829,122 shares through cash-settled derivatives. Rule 8.3 filings are required when a person holds interests in relevant securities representing 1% or more during an offer period. The update indicates a new disclosure relating to Senior rather than the previously reported filing for AMG Advanced Metallurgical Group N.V.

Terms & Concepts
  • Rule 8.3 of the Takeover Code: UK takeover disclosure rule requiring position reporting by holders of 1% or more during an offer period.
  • cash-settled derivatives: Contracts that provide economic exposure to shares and are settled in cash rather than by delivering the securities.