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Latest UK Takeover-Rule Disclosures Show Man Group’s Spirent Stake and Fresh Broker Trades

The disclosures update positions under the Takeover Code, not announcements of a takeover bid.

Overview

  • Man Group reported an opening position in Spirent Communications of 17,580,318 shares, equal to 2.98% of the company, alongside cash-settled short exposure of 371,527 shares or 0.06%.
  • Man Group detailed equity-swap activity on Sept. 25 that reduced some long positions and increased short positions in Spirent at prices around £1.958.
  • Shore Capital Stockbrokers disclosed a client-serving purchase of 2,800 Epwin Group shares on Sept. 25 at 117.5p per share.
  • Investec Bank, acting as an exempt principal trader connected as broker to Dowlais Group, reported matched purchases and sales of 436,309 Dowlais shares on Sept. 24.
  • In Irish Rule 8.3 filings for Dalata Hotel Group, Dimensional Fund Advisors disclosed a 1.99% interest and a sale of 3,106 shares, while State Street reported holdings of 2,278,144 shares or 1.07722% with small buy and sell trades at €6.40.