Man Group discloses 1.66% cash-settled derivatives position in Senior Plc

Rule 8.3 filings separately showed Man Group's 1.66% cash-settled derivatives interest in Senior Plc and Downing LLP's 6.01% stake in Ramsdens after a share sale.

22d ago

Summary

Two separate Rule 8.3 Takeover Code disclosures were reported. Man Group PLC disclosed a 1.66% interest in Senior Plc through cash-settled derivatives, equal to 6,962,764 reference securities tied to Senior Plc's 10p ordinary shares as of 03/08/2026, and said it increased a long Equity Swap position by 104,804 shares at 2.9243 GBP per unit. Separately, Downing LLP disclosed that client funds it manages held 1,964,259 ordinary shares in Ramsdens Holdings Plc, representing 6.01% as of 4 August 2026, and reported a sale of 30,192 shares at 662.50 per share unit. Both filings said no relevant short positions, indemnity arrangements, derivative agreements or Supplemental Form 8 open-position disclosures were attached.

Terms & Concepts

Rule 8.3: A disclosure requirement under the U.K. Takeover Code for persons with interests of 1% or more in relevant securities of an offeree or securities exchange offeror.
Cash-settled derivatives: Derivative contracts whose gains or losses are paid in cash rather than by delivering the underlying shares.
Equity Swap: A derivative contract that gives economic exposure to a stock's price movements without necessarily transferring ownership of the underlying shares.