Key insights into Millennium’s stake and dealings in Britvic plc revealed!

  • Millennium International Management LP disclosed a position in Britvic plc.
  • The disclosure is in accordance with Rule 8.3 of the Takeover Code.
  • As of August 2, 2024, Millennium holds 1.531% of cash-settled derivatives in Britvic.
  • No other parties to the offer are being disclosed.
  • Details of recent dealings include multiple transactions involving equity swaps.

In a recent disclosure, Millennium International Management LP has reported its position in Britvic plc, adhering to Rule 8.3 of the Takeover Code. As of August 2, 2024, Millennium holds a significant stake, specifically 1.531% in cash-settled derivatives related to Britvic. Notably, there are no additional disclosures regarding other parties involved in the offer. The report also outlines various transactions, including multiple equity swaps, indicating active management of their position. This disclosure provides valuable insights into Millennium’s investment strategy and its engagement with Britvic plc.·

Factuality Level: 8
Factuality Justification: The article provides a detailed and factual disclosure regarding the interests and dealings of Millennium International Management LP in relation to Britvic plc, adhering to the requirements of the Takeover Code. However, it lacks context for readers unfamiliar with the regulations, which may affect its accessibility.·
Noise Level: 3
Noise Justification: The article primarily consists of a formal disclosure related to securities, which is highly technical and specific. While it provides necessary information for compliance with regulatory requirements, it lacks broader analysis, actionable insights, or engaging content that would be relevant to a wider audience. It is mostly factual and procedural, which may not hold significant interest for those outside the financial or legal sectors.·
Public Companies: Britvic plc (GB00B0N8QD54)
Private Companies: Millennium International Management LP
Key People: Stephen Glasper (Contact person)

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Financial Relevance: Yes
Financial Markets Impacted: Britvic plc
Financial Rating Justification: This article is related to the disclosure of positions and dealings in relevant securities of Britvic plc by Millennium International Management LP, which impacts the company’s stock market and may affect its share price. It also involves financial transactions such as purchases, sales, and derivative transactions.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: The article discusses a financial disclosure related to securities and does not mention any extreme events.·

Reported publicly: www.businesswire.com