LONDON - Dowgate Capital Limited has reported a 1.18% interest in National World plc, according to a recent public dealing disclosure required under the UK's Takeover Code. The disclosure, dated Wednesday, reveals that Dowgate Capital Limited now owns and controls 3,164,172 shares in the media company.
This announcement comes as an amendment, replacing a previous disclosure published on November 29, 2024. The amended filing corrects details in Section 1(a) of the original document. The dealing in question took place on Monday, November 28, 2024, when Dowgate Capital Limited sold 100,000 ordinary shares of National World plc at a price of 19 pence per unit.
The disclosure indicates that Dowgate Capital Limited is presumed to be acting in concert with the offeree, although no further details were provided about the nature of this relationship or any potential implications for National World plc. No other parties to the offer were mentioned, and the filing stated "N/A" in response to whether disclosures are being made for any other party to the offer.
Furthermore, there were no open stock-settled derivative positions or agreements to purchase or sell relevant securities reported. The disclosure also noted that there are no indemnity or option arrangements, or any agreements or understandings related to the relevant securities that might serve as an inducement to deal or refrain from dealing.
The information in this article is based on a press release statement and is intended to provide shareholders and the investing public with factual details of Dowgate Capital Limited's holdings in National World plc as required by regulatory standards.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.