Form 8.3 - Learning Technologies Group Plc Disclosure Overview

On October 11, 2024, Rathbones Group Plc released a public opening position disclosure concerning its interests in Learning Technologies Group Plc, a key player in the educational technology sector. This disclosure aligns with Rule 8.3 of the Takeover Code, which governs financial transparency during takeover situations.

Key Information

Rathbones Group Plc formally identified itself in the disclosure, highlighting that it holds significant interests in the shares of Learning Technologies Group Plc. The pertinent date for this disclosure was October 10, 2024, which is vital as it marks the last practicable date before this report.

The document states that there are no additional disclosures pertaining to any other parties involved in a potential offer, maintaining a focus solely on Learning Technologies Group Plc.

Positions Held

Rathbones disclosed that it owns 30,862,868 relevant securities of Learning Technologies Group Plc, which corresponds to 3.89% of the entire share structure. This ownership categorizes them as having a considerable interest in the company, which is noteworthy in the context of any forthcoming takeover discussions.

Dealings Undertaken

The disclosure further details recent dealings involving Learning Technologies Group Plc's shares. Rathbones Group Plc executed several transactions, including sales: 37,719 shares at 92.5 pence per share and an additional 6,771 shares at 92.6 pence per share. Additionally, the document notes a transfer out of 3,230 shares, illustrating active management of its investment portfolio.

Other Relevant Information

The disclosure also addresses indemnity arrangements and other dealings related to the relevant securities. Rathbones stated that there are no current agreements that may influence its dealings regarding Learning Technologies Group Plc's shares. This absence of agreements indicates that Rathbones is operating independently regarding their investment decisions.

Overall, this public disclosure serves to inform the market and ensure compliance with regulatory requirements, demonstrating Rathbones Group Plc's commitment to transparency in its investment activities.

Conclusion

The release of Form 8.3 underscores the significance of transparent communication in financial markets. By disclosing its holdings in Learning Technologies Group Plc, Rathbones adheres to the established guidelines that protect stakeholders and promote fair trading practices.

disclosure, transparency, investment