Major cash-settled derivatives position disclosed by Qube Research!

  • Qube Research & Technologies Limited disclosed a significant position in International Distribution Services plc.
  • The disclosure includes cash-settled derivatives amounting to 21,554,710 shares, representing 2.25%.
  • No short positions or stock-settled derivatives were reported.
  • The disclosure was made in compliance with Rule 8.3 of the Takeover Code.

In a recent disclosure, Qube Research & Technologies Limited has reported its position in International Distribution Services plc, as mandated by Rule 8.3 of the Takeover Code. The disclosure indicates that Qube holds cash-settled derivatives totaling 21,554,710 shares, which accounts for 2.25% of the relevant securities. Notably, there are no short positions or stock-settled derivatives associated with this disclosure. The report was filed on October 4, 2024, and reflects compliance with regulatory requirements. For further inquiries, Stuart Brown can be contacted at 00442070722969.·

Factuality Level: 8
Factuality Justification: The article provides a detailed and factual disclosure regarding the interests and dealings of Qube Research & Technologies Limited in relation to International Distribution Services plc. It adheres to the requirements of the Takeover Code and presents information in a clear and structured manner. However, it may be slightly technical for general readers, which could affect its accessibility.·
Noise Level: 2
Noise Justification: The article primarily consists of technical disclosures related to securities and does not provide any analysis, insights, or context that would engage the reader or hold powerful entities accountable. It lacks actionable insights and is heavily focused on compliance with regulatory requirements, making it largely irrelevant for a general audience.·
Public Companies: International Distribution Services plc ()
Private Companies: Qube Research & Technologies Limited
Key People: Stuart Brown (Contact name)

Financial Relevance: Yes
Financial Markets Impacted: Yes
Financial Rating Justification: The article discusses a public opening position disclosure related to International Distribution Services plc, which is a financial topic concerning securities and market regulations. The disclosure involves significant positions in cash-settled derivatives that could influence market perceptions and trading activities related to the company.·
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 event.·
Move Size: No market move size mentioned.
Sector: All
Direction: Neutral
Magnitude: No
Affected Instruments: No

Reported publicly: www.businesswire.com