Regulatory Announcement from Marathon Asset Management Ltd UK: Form 8.3 – Daily Mail and General Trust plc


LONDON–(COMMERCIAL THREAD) –

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE / TRANSACTION DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the OPA Code (the “Code”)

1. KEY INFORMATION

(a) Full name of the discloser:

Marathon Asset Management Limited

(b) Owner or controller of the disclosed interests and short positions, if different from 1 (a):

The designation of nominees or vehicle companies is insufficient. For a trust, the trustee (s), settlor and beneficiaries must be named.

(vs) Name of the offeror / officer for the titles concerned by this form:

Use a separate form for each offeror / beneficiary

Daily Mail and General Trust plc

(D) If an exempt fund manager is related to an offeror / offeror, indicate this and specify the identity of the offeror / offeror:

(e) Date of the position held / of the transaction undertaken:

For an open position disclosure, indicate the last practicable date before the disclosure

September 22, 2021

(F) In addition to the company in 1 (c) above, does the discloser make any disclosures to any other party to the offer?

If it is a cash offer or a possible cash offer, indicate “N / A”

No

2. POSITIONS OF THE DISCLOSING PERSON

If there are positions or rights to be subscribed to be disclosed in more than one category of relevant securities of the offeror or the offender named in point 1 (c), copy table 2 (a) or (b) (depending on the case) for each additional category of relevant titles. Security.

(a) Interests and short positions on the relevant securities of the offeror or the offender to which the disclosure relates as a result of the transaction (if applicable)

Relevant safety class:

Interests

Short positions

Number

%

Number

%

(1) Relevant securities held and / or controlled:

2 964 146

1.41%

(2) Derivatives settled in cash:

0

0

(3) Equity-settled derivatives (including options) and buy / sell agreements:

0

0

TOTAL:

2 964 146 *

1.41%

* Marathon Asset Management Limited has no discretion regarding voting decisions regarding 209,847 shares which are included in the above total.

All interest and short positions must be disclosed.

Details of all open derivative positions settled in equities (including traded options) or relevant securities buy or sell agreements should be provided on a Supplemental Form 8 (Open Positions).

(b) Subscription rights for new securities (including options for directors and other employees)

Class of securities concerned in relation to which there is a subscription right:

Details, including the nature of the rights concerned and the relevant percentages:

3. TRANSACTIONS (IF APPLICABLE) BY THE DISCLOSING PERSON

When there have been transactions on more than one category of relevant securities of the offeror or the entity referred to in point 1 ©, copy table 3 (a), (b), (c) or (d ) (as applicable) for each relevant additional security category processed.

The currency of all prices and other monetary amounts must be indicated.

  1. Purchases and sales

Relevant safety class

Buy Sell

Number of titles

Price per unit

Ordinary actions

Sale

1,021

11.1000

(b) Cash-settled derivative transactions

Relevant safety class

Product Description

eg CFD

Nature of the transaction

For example, open / close a long / short position, increase / decrease a long / short position

Number of benchmark titles

Price per unit

(vs) Equity-settled derivative transactions (including options)

(I) Writing, selling, buying or modifying

Relevant safety class

Product Description for example purchase option

Write, buy, sell, vary, etc.

Number of securities to which the option relates

Unit exercise price

Type

for example American, European, etc.

Expiration date

Option money paid / received per unit

(ii) Exercise

Relevant safety class

Product Description

for example purchase option

Exercise / exercised against

Number of titles

Unit exercise price

(D) Other operations (including subscription of new securities)

Relevant safety class

Nature of the transaction

e.g. subscription, conversion

Details

Unit price (if applicable)

4. OTHER INFORMATION

(a) Compensation and other trade agreements

Details of any indemnity or option agreement, or any agreement or arrangement, formal or informal, relating to the relevant securities which may be an inducement to trade or refrain from trading entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, indicate “none”

Nothing

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person regarding:

(I) the voting rights of any security concerned under any option; Where

(ii) voting rights or the future acquisition or disposal of any relevant security to which a derivative is referenced:

If there are no such agreements, arrangements or understandings, indicate “none”

Nothing

(vs) Attachments

Is an additional form 8 (open positions) attached?

NO

Disclosure Date:

September 23, 2021

Name of the contact:

Helen Hugues

Phone number*:

0207 497 2211

Public disclosures under Rule 8 of the Code must be made to a regulatory information service.

The Panel’s Market Surveillance Unit is available for consultation regarding the Code’s disclosure requirements on +44 (0) 20 7638 0129.

* If the discloser is a natural person, it is not necessary to provide a telephone number, provided the contact details have been provided to the Panel’s Market Monitoring Unit.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Category code: RET

Sequence number: 746719

Reception time (offset from UTC): 20210923T090402 + 0100


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