The Government of the State of Kuwait has disclosed a 1.72% stake in Ascential PLC, a UK-based business-to-business media company. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of the owner or controller of the interests, the date of dealing, and the positions of the person making the disclosure. The disclosure indicates that the Government of Kuwait owns 3,508,545 ordinary shares of Ascential PLC.
The disclosure also includes details of recent dealings by the Government of Kuwait, which involve the sale of 988,291 ordinary shares at a price of 5.64 GBP per unit and the sale of 342,338 ordinary shares at a price of 5.6534 GBP per unit. Additionally, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides transparency regarding the Government of Kuwait's stake in Ascential PLC and its recent dealings with the company's securities. This information is important for investors, analysts, and other stakeholders who are monitoring the ownership and trading activities of significant shareholders in Ascential PLC. The disclosure also aligns with regulatory requirements for transparency and reporting of significant ownership stakes in publicly traded companies.