Man Group discloses 2.70% cash-settled derivatives position in JTC

The Rule 8.3 filing shows Man Group PLC held 4,731,519 cash-settled derivative-linked 1p ordinary shares in JTC Plc as of July 31, 2026, and increased a long equity swap position by 1,894 shares.

Summary

Man Group PLC disclosed an interest in JTC Plc under Rule 8.3 of the Takeover Code, reporting a 2.70% position through cash-settled derivatives linked to 1p ordinary shares. The filing showed 4,731,519 relevant securities in cash-settled derivatives as of 31/07/2026, with no separately disclosed owned or controlled shares, stock-settled derivatives, or short positions. It also recorded a dealing in a 1p ordinary equity swap, with Man Group increasing a long position by 1,894 reference securities at 13.2703 GBP per unit. The disclosure stated that Man Group was not making disclosures in respect of any other party to the offer, and that no indemnity, option arrangement, or agreement relating to voting rights or derivative-linked future acquisition or disposal was in place.

Terms & Concepts
  • cash-settled derivatives: Contracts paid in cash, not shares
  • equity swap: Derivative exchanging returns linked to shares
  • Rule 8.3 of the Takeover Code: U.K. takeover disclosure rule for 1% holders