EMG.L - Man Group plc
| Previous close | 141.95 |
| Open | 143.10 |
| Bid | 140.10 x 0 |
| Ask | 140.35 x 0 |
| Day's range | 140.25 - 141.47 |
| 52-week range | 124.15 - 177.10 |
| Volume | 6,661 |
| Avg. volume | 5,008,842 |
| Market cap | 2.133B |
| Beta (3Y monthly) | 0.98 |
| PE ratio (TTM) | 7.62 |
| EPS (TTM) | 18.40 |
| Earnings date | 31 Jul 2019 |
| Forward dividend & yield | 0.08 (5.45%) |
| Ex-dividend date | 2019-08-08 |
| 1y target est | 4.69 |
- Bloomberg
ExodusPoint Hedge Fund Reopening to Raise Over $2 Billion
(Bloomberg) -- ExodusPoint Capital Management, which launched last year with a record $8 billion in assets, is setting out to collect billions more.The hedge fund, co-founded by Michael Gelband and Hyung Lee, aims to gather more than $2 billion starting in the second quarter of 2020, according to people familiar with the matter.In a memo to investors, ExodusPoint said it would give a formal timeline for its fund-raising over the next few weeks. The funds have been closed since October 2018.Gelband, the one-time heir apparent to Millennium Management founder Izzy Englander, last year struck out on his own and broke fundraising records for a hedge-fund startup.If successful, the latest capital raise will run counter to the flight from hedge fund investments. Clients have yanked $77 billion from hedge funds so far this year, twice as much as in all of 2018, while closures have outnumbered launches since 2015, according to data compiled by eVestment and Hedge Fund Research.ExodusPoint has been adding to its investment team with recent hires from peers such as Man Group Plc and Schonfeld Strategic Advisors. It currently has around 62 portfolio management teams, which it expects to grow to 70 by the end of the year, according to one of the people.The hedge fund has been deploying capital throughout the year and currently has allocated about 85% of its risk, the people said. ExodusPoint expects to invest all this capital before taking in fresh money. The fundraising will end in the third quarter of next year, the memo said.A spokesman for the New York-based firm declined to comment.Capital DroughtGelband’s performance has lagged behind peers since its blockbuster start. His fund gained 5.1% through October this year, while hedge funds on average have returned 7.2% this year, according to Hedge Fund Research.Despite the drought of capital around hedge funds, some money managers with a proven track record have convinced investors to back their funds. Martin Taylor, who shuttered Nevsky Capital more than three years ago, returned to the industry and raised about $1.6 billion, making his Crake Asset Management the biggest hedge fund startup in Europe this year.Other successes include the $2 billion launch of Woodline Partners in August and Cinctive Capital Management’s $1 billion fundraising.To contact the reporter on this story: Nishant Kumar in London at nkumar173@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Marion Dakers, Sree Vidya BhaktavatsalamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Fund Colossus Amundi Leaves Rivals in Its Dust
(Bloomberg Opinion) -- European fund management companies spent 2018 watching their share prices steadily decline, battered by increased regulatory scrutiny, customers withdrawing money and the relentless squeezing of fees. They’ve rallied this year, but the industry’s biggest beast in the region is outpacing its peers by an astonishing margin.Investors in Amundi SA have enjoyed a total return of more than 60% in 2019, outpacing the Stoxx Europe 600 index by 35 percentage points. The stock has beaten the 32% gains at DWS Group GmbH and Standard Life Aberdeen Plc, the 39% return for Schroders Plc and Man Group Plc’s 19% rise.Amundi, 68 percent-owned by France’s Credit Agricole SA, recently announced record quarterly inflows of almost 43 billion euros ($48 billion) in the three months through September, breaking a streak of three consecutive quarters of client withdrawals. Its 1.6 trillion euros of assets under management — up from 952 billion euros when it listed on the stock market in November 2015 — make it Europe’s biggest money manager.The most impressive statistic, however, is the one element of Amundi’s financials over which it has most control: its costs.The company’s frugality has nudged its cost-to-income ratio lower in recent years; it fell to an industry-beating 51.1% at the end of the third quarter. By comparison, Deutsche Bank AG-controlled DWS aims to cut its ratio to 65% and doesn’t expect to achieve that until the end of 2021.What could knock Amundi off its perch? Well, DWS Chief Executive Officer Asoka Woehrmann told the Financial Times this month that he plans to challenge his rival’s dominance by finding a takeover or merger that would increase his firm’s 752 billion euros of assets. Earlier this year Switzerland’s UBS Group AG was reported to be considering strapping its fund management arm to DWS. Insurer Allianz SE was also said to be interested in the German investment firm. Any such deal would create a challenger with the scale to match Amundi.But the French fund giant’s CEO Yves Perrier is unlikely to just stand by if industry consolidation begins. Now that he’s finished absorbing Pioneer Investments, a fund management unit bought from Italy’s UniCredit SpA for 3.5 billion euros in 2017, the decks are clear. While these mega-mergers might not happen, Amundi is well placed if they do. With its shares trading at their highest in more than 18 months, Perrier has the currency to fund a deal.To contact the author of this story: Mark Gilbert at magilbert@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Fool.co.uk
£5k to spend? 3 FTSE 250 dividend stocks yielding 5% I’d buy for my ISA and hold for a decade
These FTSE 250 (INDEXFTSE:MCX) stocks could give you a steady income for many years to come, according to Rupert Hargreaves.
- Reuters - UK Focus
LIVE MARKETS-Brexit and trade: Easy tiger, no fat lady singing yet!
* Optimism on Brexit and the trade war drive stocks higher * STOXX up 1.3%, Irish stocks jump 2.8% outperforming rest of Europe * Publicis sinks after results, drags WPP down * Hugo Boss shares slump 13%, pulling down Burberry Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net BREXIT AND TRADE: EASY TIGER! THE FAT LADY AIN'T SINGING YET! (1120 GMT) Calls for caution and reality checks are coming left, right and centre from our contacts while stocks and the pound are high on optimism towards Brexit and the trade war.
- Fool.co.uk
I think these are 2 of the FTSE 250’s best dividend stocks right now
These FTSE 250 income stocks are out of favour, but I reckon that could make it the perfect time to buy them.
- Reuters - UK Focus
LIVE MARKETS-On the radar: big moves for Publicis and Hugo Boss
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net ON THE RADAR: BIG MOVES FOR PUBLICIS AND HUGO BOSS (0648 GMT) Optimism on both the trade war and the Brexit fronts is seen lifting European stock markets this morning. There’s also plenty of corporate news likely to trigger sharp moves at the open such as for France’s Publicis, which had to cut its full-year sales target for a second time and has seen its rating cut by SocGen.
- Reuters - UK Focus
UPDATE 1-Man Group assets hit by outflows of client cash, FX
British hedge fund manager Man Group said assets were hit by net outflows of client cash and adverse currency moves in the third quarter and an uncertain outlook could weigh on sentiment into year-end. With leading stock markets including the S&P 500, the EuroSTOXX 50 and Britain's FTSE 100 all trading sideways to lower over the period, Man Group funds betting on rising stock prices saw the biggest outflows, at $1.7 billion.
- Globe Newswire
Man Group PLC : Form 8.3 - OneSavings Bank PLC
FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1. KEY INFORMATION(a) Full name of discloser:Man Group PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeOneSavings Bank plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure30/09/2019 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”NO If YES, specify which: Please fill in manually 2. POSITIONS OF THE PERSON MAKING THE DISCLOSUREIf there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security: 1p ordinary InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled: 8,421,002.00 3.4333 - 0 (2) Cash-settled derivatives: 2,187,423.00 0.8918 - 0 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - 0 - 0 TOTAL: 10,608,425.00 4.3251 - 0 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b) Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a) Purchases and salesClass of relevant securityPurchase/sale Number of securitiesPrice per unit 1p OrdinarySale4163.6844 1p OrdinarySale5,0843.6951 1p OrdinarySale6,7003.6951 1p OrdinarySale5003.6844 1p OrdinarySale8533.6844 1p OrdinarySale13,1473.6951 1p OrdinarySale10,2393.6951 1p OrdinarySale6613.6844 (b) Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (c) Stock-settled derivative transactions (including options)(i) Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable) 4. OTHER INFORMATION(a) Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” (b) Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” (c) AttachmentsIs a Supplemental Form 8 (Open Positions) attached?NO Date of disclosure:01/10/2019 Contact name:Abdi Musse Telephone number:+442071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
- Globe Newswire
Man Group PLC : Form 8.3 - Low & Bonar PLC
FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1. KEY INFORMATION(a) Full name of discloser:Man Group Plc (b) Owner or controller of interests and short positions disclosed, if different from 1(a): N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Low & Bonar PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:N/A (e) Date position held/dealing undertaken: 27th September 2019 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? YES / NO / N/A If YES, specify which: 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security: ORD GBP 0.01 InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled: - 0 - 0 (2) Cash-settled derivatives: 8,502,729.00 1.2327 - 0 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - 0 - 0 TOTAL: 8,502,729.00 1.2327 - 0 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b) Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a) Purchases and salesClass of relevant securityPurchase/sale Number of securitiesPrice per unit (b) Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (GBP) ORD GBP 0.01CFDIncreasing a long position66,8360.1450 ORD GBP 0.01CFDIncreasing a long position526,8090.1450 ORD GBP 0.01CFDIncreasing a long position149,4810.1450 ORD GBP 0.01CFDIncreasing a long position18,9490.1450 ORD GBP 0.01CFDIncreasing a long position91,7710.1450 ORD GBP 0.01CFDIncreasing a long position724,2120.1450 ORD GBP 0.01CFDIncreasing a long position22,5190.1450 ORD GBP 0.01CFDIncreasing a long position177,6850.1450 ORD GBP 0.01CFDIncreasing a long position18,3470.1450 ORD GBP 0.01CFDIncreasing a long position144,7820.1450 ORD GBP 0.01CFDIncreasing a long position26,1670.1450 ORD GBP 0.01CFDIncreasing a long position207,0820.1450 ORD GBP 0.01CFDIncreasing a long position303,5390.1450 ORD GBP 0.01CFDIncreasing a long position38,6610.1450 ORD GBP 0.01CFDIncreasing a long position19,0300.1450 ORD GBP 0.01CFDIncreasing a long position150,6420.1450 ORD GBP 0.01CFDIncreasing a long position8,2160.1450 ORD GBP 0.01CFDIncreasing a long position65,1250.1450 ORD GBP 0.01CFDIncreasing a long position7,8510.1450 ORD GBP 0.01CFDIncreasing a long position62,2960.1450 (c) Stock-settled derivative transactions (including options)(i) Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable) 4. OTHER INFORMATION(a) Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” None (b) Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” None (c) AttachmentsIs a Supplemental Form 8 (Open Positions) attached?YES/NO Date of disclosure:30th September 2019 Contact name:Abdi Musse Telephone number:02071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
- Globe Newswire
Man Group PLC : Form 8.3 - BCA Marketplace PLC
FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1. KEY INFORMATION(a) Full name of discloser:Man Group Plc (b) Owner or controller of interests and short positions disclosed, if different from 1(a): N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates: BCA Marketplace plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:N/A (e) Date position held/dealing undertaken: 27th September 2019 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? YES / NO / N/A If YES, specify which: 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security: ORD GBP 0.01 InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled: - 0 - 0 (2) Cash-settled derivatives: 11,091,402.00 1.4141- 1,629.00 -0.0002 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - 0 - 0 TOTAL: 11,091,402.00 1.4141- 1,629.00 -0.0002 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b) Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a) Purchases and salesClass of relevant securityPurchase/sale Number of securitiesPrice per unit (b) Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (GBP) ORD GBP 0.01CFDReducing a short position72.3560 ORD GBP 0.01CFDReducing a short position12.3560 ORD GBP 0.01CFDReducing a short position122.3560 ORD GBP 0.01CFDReducing a short position22.3560 ORD GBP 0.01CFDReducing a short position12.3560 ORD GBP 0.01CFDReducing a short position42.3560 (c) Stock-settled derivative transactions (including options)(i) Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable) 4. OTHER INFORMATION(a) Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” None (b) Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” None (c) AttachmentsIs a Supplemental Form 8 (Open Positions) attached?YES/NO Date of disclosure:30th September 2019 Contact name:Abdi Musse Telephone number:02071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
- Globe Newswire
Man Group PLC : Form 8.3 - OneSavings Bank plc
FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1. KEY INFORMATION(a) Full name of discloser:Man Group PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeOneSavings Bank plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure18/09/2019 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”NO If YES, specify which: Please fill in manually 2. POSITIONS OF THE PERSON MAKING THE DISCLOSUREIf there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security: 1p ordinary InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled: 8,582,783.00 3.4992 - 0 (2) Cash-settled derivatives: 2,206,241.00 0.8995 - 0 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - 0 - 0 TOTAL: 10,789,024.00 4.3987 - 0 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b) Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a) Purchases and salesClass of relevant securityPurchase/sale Number of securitiesPrice per unit 1p OrdinarySale9,2003.6858 1p OrdinarySale15,8003.6858 1p OrdinarySale23,4003.6858 1p OrdinarySale11,2003.6858 (b) Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit 1p OrdinaryCFDReducing a long position5,8003.6858 (c) Stock-settled derivative transactions (including options)(i) Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable) 4. OTHER INFORMATION(a) Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” (b) Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” (c) AttachmentsIs a Supplemental Form 8 (Open Positions) attached?NO Date of disclosure:19/09/2019 Contact name:Abdi Musse Telephone number:+442071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
- Globe Newswire
Man Group PLC : Form 8.3 - BCA Marketplace plc
FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1. KEY INFORMATION(a) Full name of discloser:Man Group Plc (b) Owner or controller of interests and short positions disclosed, if different from 1(a): N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates: BCA Marketplace plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:N/A (e) Date position held/dealing undertaken: 18th September 2019 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? YES / NO / N/A If YES, specify which: 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security: ORD GBP 0.01 InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled: - 0 - 0 (2) Cash-settled derivatives: 11,091,402.00 1.4141- 2,208.00 -0.0003 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - 0.0000 - 0 TOTAL: 11,091,402.00 1.4141- 2,208.00 -0.0003 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b) Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a) Purchases and salesClass of relevant securityPurchase/sale Number of securitiesPrice per unit (b) Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (GBP) ORD GBP 0.01CFDReducing a short position1,6172.4212 ORD GBP 0.01CFDReducing a short position4702.4212 ORD GBP 0.01CFDReducing a short position2,4012.4212 ORD GBP 0.01CFDReducing a short position5342.4212 ORD GBP 0.01CFDReducing a short position4322.4212 ORD GBP 0.01CFDReducing a short position9612.4212 ORD GBP 0.01CFDReducing a short position1932.4212 (c) Stock-settled derivative transactions (including options)(i) Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable) 4. OTHER INFORMATION(a) Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” None (b) Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” None (c) AttachmentsIs a Supplemental Form 8 (Open Positions) attached?YES/NO Date of disclosure:19th September 2019 Contact name:Abdi Musse Telephone number:02071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
- Reuters
Ex-Deutsche Bank CEO Cryan to chair Man Group from January
British hedge fund Man Group said on Monday that the former Deutsche Bank chief executive John Cryan has been appointed chairman and will start his new role in January 2020, replacing Ian Livingston. Cryan is currently an independent non-executive director of Man Group, and his appointment comes less than a week after the company's president Jonathan Sorrell said he would stand down with immediate effect. Livingston said in a statement that he was standing down due to new governance rules that limit board tenure of a company to nine years.
- Reuters - UK Focus
Britsh hedge fund Man Group president Jonathan Sorrell steps down
- Reuters - UK Focus
UK's Man Group President Jonathan Sorrell to leave firm -Sky News
- Reuters - UK Focus
UPDATE 1-Schroders H1 pretax profit down 14% as outflows hit revenues
British asset manager Schroders said pretax profits fell 14% in the first half, hit by weak markets at the start of the year and outflows of client cash. Net outflows over the period were 1.2 billion pounds, it said in a statement on Thursday. Weaker investor sentiment has been a feature of results from most of Schroders' peers, with Jupiter Fund Management, Amundi and Man Group among those to report outflows in recent days.
