M&G PLC, through its subsidiary M&G Investment Management Limited, has disclosed a 12.92% stake in ScS Group plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The position was held as of 17 November 2023. The disclosure does not include any other party to the offer.
The disclosure states that M&G PLC owns and/or controls 4,387,629 relevant securities of ScS Group plc, representing 12.92% of the total. The disclosure does not mention any cash-settled derivatives or stock-settled derivatives.
The disclosure also includes details of a sale transaction of 150,000 securities of ScS Group plc at a price of £2.6000 per unit. No other transactions or dealings are mentioned in the disclosure.
The disclosure does not include any indemnity or option arrangements, agreements, or understandings relating to relevant securities. It also does not include any attachments or supplemental forms. The disclosure was made on 20 November 2023 by Hannah Azlin, with a contact number of 020 8162 3276.