Man Group disclosed an SThree position representing an 8.72% interest in the company’s 1p ordinary shares as of October 23, 2026, after reporting reductions in equity swap exposure.
Key Takeaways
- The disclosed interest included shares owned or controlled and cash-settled derivatives.
- Man Group also reported a short position equivalent to 0.01% of the relevant securities.
- Four equity swap transactions reduced long exposure at £2.9422 per reference security.
What the SThree position includes
Man Group’s October 26 disclosure reported interests in 10,597,682 SThree securities, representing 8.72% of the relevant class. The total combined 6,820,075 securities owned or controlled with interests in 3,777,607 securities through cash-settled derivatives.
The filing also listed a separate short position through cash-settled derivatives. It was made under Rule 8.3 of the Takeover Code, which covers disclosures by people with interests representing 1% or more of relevant securities.
| Item | Details |
|---|---|
| Securities owned or controlled | 6,820,075; 5.61% |
| Cash-settled derivative interests | 3,777,607; 3.10% |
| Total interests | 10,597,682; 8.72% |
| Cash-settled derivative short position | 15,497; 0.01% |
Equity swap dealings
The disclosure recorded four transactions reducing long equity swap positions, involving 7,384, 21,103, 144 and 48,462 reference securities. Each was listed at £2.9422 per unit.
Man Group said it was not making a disclosure in respect of another party to the offer. It reported no relevant indemnity or dealing arrangements and no agreements concerning voting rights or future acquisition or disposal of securities referenced by derivatives.
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