Investment Firm Man Group Discloses Significant Stake in LondonMetric Property
Man Group PLC has filed a mandatory disclosure revealing its substantial holdings in LondonMetric Property plc, as required under Rule 8.3 of the UK Takeover Code. The filing, dated May 2, 2025, shows the asset manager holds a 1.17% interest in the property firm, including both direct ownership and derivative positions. The disclosure also confirms dealings in Urban Logistics REIT plc, though no specific details were provided regarding that transaction.
The regulatory filing breaks down Man Group’s exposure to LondonMetric’s 10p ordinary shares, with direct holdings totaling 15.76 million shares (0.77%) and cash-settled derivatives adding another 8.25 million (0.40%). Additionally, the firm reported a short position of 4.45 million shares (0.22%). The document highlights recent equity swap transactions, including increases in both long and short positions at prices ranging between £1.939 and £1.942 per share.
Notably, the disclosure states there are no indemnity arrangements, voting agreements, or other special understandings influencing Man Group’s dealings. A supplemental form detailing open positions was not attached. The filing underscores compliance with UK financial regulations, which mandate transparency when entities accumulate stakes exceeding 1% in companies subject to takeover activity.