Man Group PLC: Form 8.3 - Dowlais Group plc Overview

In this article, we will explore the key components of Form 8.3, which outlines the public opening position disclosure for individuals or entities holding interests in relevant securities representing 1% or more of the Dowlais Group plc. Understanding these disclosures is crucial for investors and stakeholders involved in the financial markets.

Key Information

1. What is Form 8.3?

Form 8.3 is a document required under Rule 8.3 of the Takeover Code. It serves to disclose the interests and dealings of individuals or entities in relevant securities of a company involved in a takeover.

2. Positions of the Person Making the Disclosure

When filing Form 8.3, the person making the disclosure must provide details about their positions in the relevant securities, including:

• Interests and Short Positions:

  • All interests and short positions in the relevant securities of the offeror or offeree must be disclosed.
  • Open stock-settled derivative positions, including traded options, should be reported on a Supplemental Form 8.

• Rights to Subscribe for New Securities:

  • This includes any options available to directors or employees.

Dealings by the Person Making the Disclosure

3. Reporting Dealings

If there have been any dealings in more than one class of relevant securities, the following must be reported:

• Purchases and Sales:

  • Details regarding any purchases or sales must be included.

• Cash-Settled Derivative Transactions:

  • Any cash-settled derivatives transactions should be disclosed.

• Stock-Settled Derivative Transactions:

  • This includes:
    • Writing, selling, purchasing, or varying derivatives.
    • Any exercises of options.

• Other Dealings:

  • This section includes details about subscribing for new securities.

Additional Information

4. Other Important Details

When completing Form 8.3, the following additional information should be provided:

• Indemnity and Other Dealing Arrangements:

  • Any indemnity agreements or dealing arrangements should be disclosed.

• Options or Derivatives Agreements:

  • Any agreements, arrangements, or understandings related to options or derivatives must be reported.

• Attachments:

  • Any relevant attachments should be included with the submission.

Regulatory Compliance

Public disclosures under Rule 8 of the Code must be submitted to a Regulatory Information Service. For further inquiries regarding the Code’s disclosure requirements, the Panel’s Market Surveillance Unit can be consulted.

In summary, Form 8.3 is a critical document for transparency in the financial markets, ensuring that significant shareholders and stakeholders disclose their positions and dealings in relevant securities. Understanding these components can provide valuable insights for investors looking to navigate the complexities of the market.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research or consult a licensed financial advisor before making investment decisions.