On November 14, 2024, Canaccord Genuity Wealth Limited disclosed a Form 8.3 regarding their position on ECKOH PLC stock. The disclosure was made in accordance with Rule 8.3 of the Takeover Code, which requires public disclosure of positions held in relevant securities representing 1% or more.
Canaccord Genuity Wealth Limited, acting on behalf of discretionary clients, revealed that they owned and/or controlled 19,765,623 shares of 10p ordinary stock in ECKOH PLC, which represents 6.7601% of the total shares. They also disclosed that they had engaged in both sales and purchases of the stock on November 13, 2024. Specifically, they sold 2,100 shares at a price of 52.8151p per unit and purchased 2,100 shares at a price of 52.935p per unit.
The disclosure also highlighted that Canaccord Genuity Wealth Limited did not have any cash-settled derivative transactions or stock-settled derivative transactions related to ECKOH PLC stock. Additionally, they confirmed that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives in place.
It is important to note that all interests and short positions should be disclosed as required by the Code. Any open stock-settled derivative positions or agreements to purchase or sell relevant securities should be reported on a Supplemental Form 8 (Open Positions).
For any inquiries regarding the disclosure requirements of the Code, the Panel’s Market Surveillance Unit can be reached at +44 (0)20 7638 0129. Further details about the Takeover Code can be found on the Panel’s website at www.thetakeoverpanel.org.uk.
In conclusion, Canaccord Genuity Wealth Limited’s disclosure of their position in ECKOH PLC stock provides transparency and regulatory compliance in accordance with the Takeover Code. This public disclosure ensures that all relevant information is available to investors and stakeholders in the market.
