{"success":true,"data":{"pressRelease":{"id":"142802","rtpr_id":"nPRrE0102a-20260914","ticker":"EZJ","exchange":"LSE","all_tickers":["EZJ"],"title":"REG-Pentwater Capital Management LP: Form 8.3 - easyJet PLC","author":"PR Newswire","published_at":"2026-09-14T14:20:14.054Z","article_body":"FORM 8.3\n\nPUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY\n\nA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE\n\nRule 8.3 of the Takeover Code (the “Code”)\n\n1.           KEY INFORMATION\n\n (a) Full name of discloser: Pentwater Capital Management LP \n (b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named. N/A \n (c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree easyJet plc \n (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A \n (e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure 11/09/2026 \n (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state “N/A” N/A \n\n2.           POSITIONS OF THE PERSON MAKING THE DISCLOSURE\n\nIf there are positions or rights to subscribe to disclose in more than one\nclass of relevant securities of the offeror or offeree named in 1(c), copy\ntable 2(a) or (b) (as appropriate) for each additional class of relevant\nsecurity.\n\n(a)          Interests and short positions in the relevant securities\nof the offeror or offeree to which the disclosure relates following the\ndealing (if any)\n\n Class of relevant security: 27 2/7p ordinary \n Interests Short positions \n Number % Number % \n (1) Relevant securities owned and/or controlled: \n (2) Cash-settled derivatives: 37,728,532 4.97 \n (3) Stock-settled derivatives (including options) and agreements to purchase/sell: \n       TOTAL: 37,728,532 4.97 \n\nAll interests and all short positions should be disclosed.\n\nDetails of any open stock-settled derivative positions (including traded\noptions), or agreements to purchase or sell relevant securities, should be\ngiven on a Supplemental Form 8 (Open Positions).\n\n(b)         Rights to subscribe for new securities (including\ndirectors’ and other employee options)\n\n Class of relevant security in relation to which subscription right exists: \n Details, including nature of the rights concerned and relevant percentages: \n\n3.           DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE\n\nWhere there have been dealings in more than one class of relevant securities\nof the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as\nappropriate) for each additional class of relevant security dealt in.\n\nThe currency of all prices and other monetary amounts should be stated.\n\n(a)          Purchases and sales\n\n Class of relevant security Purchase/sale Number of securities Price per unit \n\n(b)         Cash-settled derivative transactions\n\n Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (GBP) \n 27 2/7p ordinary Swap Increasing a long position 225000 6.673244 \n\n(c)          Stock-settled derivative transactions (including\noptions)\n\n(i)          Writing, selling, purchasing or varying\n\n Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, European etc. Expiry date Option money paid/ received per unit \n\n(ii)         Exercise\n\n Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit \n\n(d)         Other dealings (including subscribing for new securities)\n\n Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable) \n\n4.           OTHER INFORMATION\n\n(a)          Indemnity and other dealing arrangements\n\n Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing 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, state “none” \n None. \n\n(b)         Agreements, arrangements or understandings relating to\noptions or derivatives\n\n Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none” \n None. \n\n(c)          Attachments\n\n Is a Supplemental Form 8 (Open Positions) attached? NO \n\n Date of disclosure: 14/09/2026 \n Contact name: Hooman Tavakolian \n Telephone number: +1 312-914-4301 \n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service.\n\nThe Panel’s Market Surveillance Unit is available for consultation in\nrelation to the Code’s disclosure requirements on +44 (0)20 7638 0129.\n\nThe Code can be viewed on the Panel’s website at\nwww.thetakeoverpanel.org.uk.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPRrE0102a-20260914","title":"REG-Pentwater Capital Management LP: Form 8.3 - easyJet PLC","author":"PR Newswire","ticker":"EZJ","created":"2026-09-14T14:20:14.054Z","tickers":["EZJ"],"exchange":"LSE","article_body":"FORM 8.3\n\nPUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY\n\nA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE\n\nRule 8.3 of the Takeover Code (the “Code”)\n\n1.           KEY INFORMATION\n\n (a) Full name of discloser: Pentwater Capital Management LP \n (b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named. N/A \n (c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree easyJet plc \n (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A \n (e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure 11/09/2026 \n (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state “N/A” N/A \n\n2.           POSITIONS OF THE PERSON MAKING THE DISCLOSURE\n\nIf there are positions or rights to subscribe to disclose in more than one\nclass of relevant securities of the offeror or offeree named in 1(c), copy\ntable 2(a) or (b) (as appropriate) for each additional class of relevant\nsecurity.\n\n(a)          Interests and short positions in the relevant securities\nof the offeror or offeree to which the disclosure relates following the\ndealing (if any)\n\n Class of relevant security: 27 2/7p ordinary \n Interests Short positions \n Number % Number % \n (1) Relevant securities owned and/or controlled: \n (2) Cash-settled derivatives: 37,728,532 4.97 \n (3) Stock-settled derivatives (including options) and agreements to purchase/sell: \n       TOTAL: 37,728,532 4.97 \n\nAll interests and all short positions should be disclosed.\n\nDetails of any open stock-settled derivative positions (including traded\noptions), or agreements to purchase or sell relevant securities, should be\ngiven on a Supplemental Form 8 (Open Positions).\n\n(b)         Rights to subscribe for new securities (including\ndirectors’ and other employee options)\n\n Class of relevant security in relation to which subscription right exists: \n Details, including nature of the rights concerned and relevant percentages: \n\n3.           DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE\n\nWhere there have been dealings in more than one class of relevant securities\nof the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as\nappropriate) for each additional class of relevant security dealt in.\n\nThe currency of all prices and other monetary amounts should be stated.\n\n(a)          Purchases and sales\n\n Class of relevant security Purchase/sale Number of securities Price per unit \n\n(b)         Cash-settled derivative transactions\n\n Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (GBP) \n 27 2/7p ordinary Swap Increasing a long position 225000 6.673244 \n\n(c)          Stock-settled derivative transactions (including\noptions)\n\n(i)          Writing, selling, purchasing or varying\n\n Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, European etc. Expiry date Option money paid/ received per unit \n\n(ii)         Exercise\n\n Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit \n\n(d)         Other dealings (including subscribing for new securities)\n\n Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable) \n\n4.           OTHER INFORMATION\n\n(a)          Indemnity and other dealing arrangements\n\n Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing 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, state “none” \n None. \n\n(b)         Agreements, arrangements or understandings relating to\noptions or derivatives\n\n Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none” \n None. \n\n(c)          Attachments\n\n Is a Supplemental Form 8 (Open Positions) attached? NO \n\n Date of disclosure: 14/09/2026 \n Contact name: Hooman Tavakolian \n Telephone number: +1 312-914-4301 \n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service.\n\nThe Panel’s Market Surveillance Unit is available for consultation in\nrelation to the Code’s disclosure requirements on +44 (0)20 7638 0129.\n\nThe Code can be viewed on the Panel’s website at\nwww.thetakeoverpanel.org.uk.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-14T14:20:14.10624602Z","server_sent_at_ms":1789395614106},"received_at":"2026-09-14T14:20:14.160Z","source_url":null},"analysis":{"id":"131634","press_release_id":"142802","analysis_json":{"industry":{"label":"Passenger Airlines","sector":"Industrials"},"redFlags":["Form 8.3 filing implies easyJet may be in a Takeover Code offer period, but no offeror or offer is identified in this release","Pentwater's entire 4.97% exposure is via cash-settled derivatives (swaps), not outright share ownership"],"eventType":"regulatory","narrative":"Pentwater Capital Management LP filed a Rule 8.3 Takeover Code disclosure showing a 37,728,532-share position in easyJet plc, equal to 4.97% of the ordinary shares, held entirely through cash-settled derivatives (swaps).\n\nOn 11 September 2026, Pentwater increased its long position by 225,000 reference securities via a swap priced at 6.673244 GBP per unit; no purchases, sales, or short positions in the underlying shares were reported.\n\nThe filing itself contains no new disclosure from easyJet, but Form 8.3 opening position disclosures are only required during a Takeover Code offer period, so the filing implies a possible offer situation even though no offeror is named in this release.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Hedge fund Pentwater discloses ~5% swap-based long in easyJet under Rule 8.3 -- monitor for a named offeror as the disclosure regime suggests an offer period."},"keyFigures":{"customDimensions":{"position_date":"11/09/2026","position_type":"cash-settled derivatives (swaps)","disclosure_date":"14/09/2026","dealing_price_gbp":6.673244,"disclosed_position_pct":"4.97%","dealing_increase_shares":225000,"disclosed_position_shares":37728532}},"namedEntities":{"people":[{"name":"Hooman Tavakolian","role":"contact for Pentwater Capital Management LP disclosure"}],"products":[],"companies":[{"name":"easyJet plc","ticker":"EZJ","relationship":"subject company (offeree) of the disclosure"},{"name":"Pentwater Capital Management LP","relationship":"discloser; hedge fund holding 4.97% cash-settled derivative position in easyJet"}],"dollarAmounts":[{"amount":"6.673244","context":"GBP price per unit for swap transaction increasing long position by 225,000 reference securities"}]},"materialImpact":{"score":2,"reasoning":"Routine Rule 8.3 Takeover Code position disclosure by hedge fund Pentwater Capital Management, not an issuer announcement. The only directional content is a modest 225,000-share increase to an existing long swap position; however, the filing's existence implies easyJet may be in a Takeover Code offer period, which is worth monitoring."},"tickerRelevance":{"others":[],"primary":"EZJ"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"FTSE-100 large cap","eventGravity":"routine Rule 8.3 position disclosure","positionSize":"4.97% via derivatives","issuerAuthored":false,"consumerBrandBoost":"household-name UK airline lifts audience relevance modestly","offerPeriodImplication":"possible offer period implied, offeror unnamed"}},"event_type":"regulatory","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Pentwater Capital Management LP filed a Rule 8.3 Takeover Code disclosure showing a 37,728,532-share position in easyJet plc, equal to 4.97% of the ordinary shares, held entirely through cash-settled derivatives (swaps).\n\nOn 11 September 2026, Pentwater increased its long position by 225,000 reference securities via a swap priced at 6.673244 GBP per unit; no purchases, sales, or short positions in the underlying shares were reported.\n\nThe filing itself contains no new disclosure from easyJet, but Form 8.3 opening position disclosures are only required during a Takeover Code offer period, so the filing implies a possible offer situation even though no offeror is named in this release.","key_figures":{"customDimensions":{"position_date":"11/09/2026","position_type":"cash-settled derivatives (swaps)","disclosure_date":"14/09/2026","dealing_price_gbp":6.673244,"disclosed_position_pct":"4.97%","dealing_increase_shares":225000,"disclosed_position_shares":37728532}},"named_entities":{"people":[{"name":"Hooman Tavakolian","role":"contact for Pentwater Capital Management LP disclosure"}],"products":[],"companies":[{"name":"easyJet plc","ticker":"EZJ","relationship":"subject company (offeree) of the disclosure"},{"name":"Pentwater Capital Management LP","relationship":"discloser; hedge fund holding 4.97% cash-settled derivative position in easyJet"}],"dollarAmounts":[{"amount":"6.673244","context":"GBP price per unit for swap transaction increasing long position by 225,000 reference securities"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-14T14:20:46.899Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"FTSE-100 large cap","eventGravity":"routine Rule 8.3 position disclosure","positionSize":"4.97% via derivatives","issuerAuthored":false,"consumerBrandBoost":"household-name UK airline lifts audience relevance modestly","offerPeriodImplication":"possible offer period implied, offeror unnamed"}},"durationMs":32725,"modelName":"glm-5.3-flash"}}