{"success":true,"data":{"pressRelease":{"id":"148300","rtpr_id":"nBw89JvcRa-20260921","ticker":"ROR","exchange":"LSE","all_tickers":["ROR"],"title":"REG-Qube Research & Technologies LTD Form 8.3","author":"Business Wire","published_at":"2026-09-21T11:04:00.122Z","article_body":"Form 8.3\n\n \n\nFORM 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 (a) Full name of discloser: Qube Research & Technologies Limited \n (b) Owner or controller of interests and short positions disclosed, if   \n different from 1(a): \n \n \n \nThe naming of nominee or vehicle companies is insufficient. For a trust, the \n trustee(s), settlor and beneficiaries must be named. \n (c) Name of offeror/offeree in relation to whose relevant securities this form Rotork plc \n relates: \n \n \n \nUse a separate form for each offeror/offeree \n (d) If an exempt fund manager connected with an offeror/offeree, state this   \n and specify identity of offeror/offeree: \n (e) Date position held/dealing undertaken: 18-09-2026 \n \n \n \nFor an opening position disclosure, state the latest practicable date prior to \n the disclosure \n (f) In addition to the company in 1(c) above, is the discloser making N/A \n disclosures in respect of any other party to the offer? \n \n \n \n  \n \nIf it is a cash offer or possible cash offer, state “N/A” \n\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 of the offeror or\nofferee to which the disclosure relates following the dealing (if any)\n Class of relevant security: 0.5p ordinary \n \n \n \n  \n   Interests Short positions \n \n \n \n  \n Number % Number % \n (1) Relevant securities owned and/or controlled: 0 0.00 0 0.00 \n (2) Cash-settled derivatives: 27,179,449 3.32 0 0.00 \n (3) Stock-settled derivatives (including options) and agreements to 0 0.00 0 0.00 \n purchase/sell: \n TOTAL: 27,179,449 3.32 0 0.00 \n\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 directors’ and other\nemployee options)\n Class of relevant security in relation to which subscription right exists: 0 \n Details, including nature of the rights concerned and relevant percentages: 0 \n\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 Class of relevant security Purchase/sale Number of securities Price per unit (CCY0) \n \n \n \n  \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security Product description Nature of dealing Number of securities Exercise price per unit (GBp) \n \n \n \n \ne.g. call option \ne.g. opening/closing a long/short position, increasing/reducing a long/short \n position \n 0.5p ordinary equity swap decreasing a long position 2205 484.60 \n 0.5p ordinary equity swap decreasing a long position 229 484.80 \n 0.5p ordinary equity swap decreasing a short position 5426 484.60 \n 0.5p ordinary equity swap decreasing a short position 532 484.70 \n 0.5p ordinary equity swap decreasing a short position 44760 484.80 \n 0.5p ordinary equity swap decreasing a short position 46934 485.00 \n 0.5p ordinary equity swap decreasing a short position 5090 485.20 \n 0.5p ordinary equity swap increasing a long position 209447 484.60 \n 0.5p ordinary equity swap increasing a long position 22536 484.70 \n 0.5p ordinary equity swap increasing a long position 34436 484.80 \n 0.5p ordinary equity swap increasing a long position 2204 485.00 \n 0.5p ordinary equity swap increasing a long position 178 485.20 \n 0.5p ordinary equity swap increasing a short position 16881 484.60 \n 0.5p ordinary equity swap increasing a short position 780 484.80 \n 0.5p ordinary equity swap increasing a short position 3295 485.00 \n\n\n(c) Stock-settled derivative transactions (including options)\n\n(i) Writing, selling, purchasing or varying\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 (CCY0) Type Expiry date Option money paid/ received per unit \n \n \n \n \ne.g. American, European etc. \n(CCY0) \n\n\n(ii) Exercise\n Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit \n \n \n \ne.g. call option \n 0 0 0 0 0 \n\n\n(d) Other dealings (including subscribing for new securities)\n Class of relevant security Nature of dealing Details Price per unit (if applicable) \n \n \n \ne.g. subscription, conversion \n 0 0 0 0 \n\n\n4. OTHER INFORMATION\n\n(a) Indemnity and other dealing arrangements\n Details of any indemnity or option arrangement, or any agreement or \n understanding, formal or informal, relating to relevant securities which may \n be an inducement to deal or refrain from dealing entered into by the person \n making the disclosure and any party to the offer or any person acting in \n concert with a party to the offer: \n \n \n \nIrrevocable commitments and letters of intent should not be included. If there \n are no such agreements, arrangements or understandings, state “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(b) Agreements, arrangements or understandings relating to options or\nderivatives\n Details of any agreement, arrangement or understanding, formal or informal, \n between the person making the disclosure and any other person relating to: \n \n \n \n(i) the voting rights of any relevant securities under any option; or \n \n \n \n(ii) the voting rights or future acquisition or disposal of any relevant \n securities to which any derivative is referenced: \n \n \n \nIf there are no such agreements, arrangements or understandings, state \n “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(c) Attachments\n Is a Supplemental Form 8 (Open Positions) attached? NO \n\n Date of disclosure: 21-09-2026 \n Contact name: Janice Falcao \n Telephone number: 00442033140679 \n\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. The\nCode can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk%2F&esheet=54607845&newsitemid=20260921313101&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=b69521a3669a22b44928b1ce92fd9b89)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260921313101/en/\n(https://www.businesswire.com/news/home/20260921313101/en/)\n\nQube Research & Technologies LTD\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw89JvcRa-20260921","title":"REG-Qube Research & Technologies LTD Form 8.3","author":"Business Wire","ticker":"ROR","created":"2026-09-21T11:04:00.122Z","tickers":["ROR"],"exchange":"LSE","article_body":"Form 8.3\n\n \n\nFORM 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 (a) Full name of discloser: Qube Research & Technologies Limited \n (b) Owner or controller of interests and short positions disclosed, if   \n different from 1(a): \n \n \n \nThe naming of nominee or vehicle companies is insufficient. For a trust, the \n trustee(s), settlor and beneficiaries must be named. \n (c) Name of offeror/offeree in relation to whose relevant securities this form Rotork plc \n relates: \n \n \n \nUse a separate form for each offeror/offeree \n (d) If an exempt fund manager connected with an offeror/offeree, state this   \n and specify identity of offeror/offeree: \n (e) Date position held/dealing undertaken: 18-09-2026 \n \n \n \nFor an opening position disclosure, state the latest practicable date prior to \n the disclosure \n (f) In addition to the company in 1(c) above, is the discloser making N/A \n disclosures in respect of any other party to the offer? \n \n \n \n  \n \nIf it is a cash offer or possible cash offer, state “N/A” \n\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 of the offeror or\nofferee to which the disclosure relates following the dealing (if any)\n Class of relevant security: 0.5p ordinary \n \n \n \n  \n   Interests Short positions \n \n \n \n  \n Number % Number % \n (1) Relevant securities owned and/or controlled: 0 0.00 0 0.00 \n (2) Cash-settled derivatives: 27,179,449 3.32 0 0.00 \n (3) Stock-settled derivatives (including options) and agreements to 0 0.00 0 0.00 \n purchase/sell: \n TOTAL: 27,179,449 3.32 0 0.00 \n\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 directors’ and other\nemployee options)\n Class of relevant security in relation to which subscription right exists: 0 \n Details, including nature of the rights concerned and relevant percentages: 0 \n\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 Class of relevant security Purchase/sale Number of securities Price per unit (CCY0) \n \n \n \n  \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security Product description Nature of dealing Number of securities Exercise price per unit (GBp) \n \n \n \n \ne.g. call option \ne.g. opening/closing a long/short position, increasing/reducing a long/short \n position \n 0.5p ordinary equity swap decreasing a long position 2205 484.60 \n 0.5p ordinary equity swap decreasing a long position 229 484.80 \n 0.5p ordinary equity swap decreasing a short position 5426 484.60 \n 0.5p ordinary equity swap decreasing a short position 532 484.70 \n 0.5p ordinary equity swap decreasing a short position 44760 484.80 \n 0.5p ordinary equity swap decreasing a short position 46934 485.00 \n 0.5p ordinary equity swap decreasing a short position 5090 485.20 \n 0.5p ordinary equity swap increasing a long position 209447 484.60 \n 0.5p ordinary equity swap increasing a long position 22536 484.70 \n 0.5p ordinary equity swap increasing a long position 34436 484.80 \n 0.5p ordinary equity swap increasing a long position 2204 485.00 \n 0.5p ordinary equity swap increasing a long position 178 485.20 \n 0.5p ordinary equity swap increasing a short position 16881 484.60 \n 0.5p ordinary equity swap increasing a short position 780 484.80 \n 0.5p ordinary equity swap increasing a short position 3295 485.00 \n\n\n(c) Stock-settled derivative transactions (including options)\n\n(i) Writing, selling, purchasing or varying\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 (CCY0) Type Expiry date Option money paid/ received per unit \n \n \n \n \ne.g. American, European etc. \n(CCY0) \n\n\n(ii) Exercise\n Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit \n \n \n \ne.g. call option \n 0 0 0 0 0 \n\n\n(d) Other dealings (including subscribing for new securities)\n Class of relevant security Nature of dealing Details Price per unit (if applicable) \n \n \n \ne.g. subscription, conversion \n 0 0 0 0 \n\n\n4. OTHER INFORMATION\n\n(a) Indemnity and other dealing arrangements\n Details of any indemnity or option arrangement, or any agreement or \n understanding, formal or informal, relating to relevant securities which may \n be an inducement to deal or refrain from dealing entered into by the person \n making the disclosure and any party to the offer or any person acting in \n concert with a party to the offer: \n \n \n \nIrrevocable commitments and letters of intent should not be included. If there \n are no such agreements, arrangements or understandings, state “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(b) Agreements, arrangements or understandings relating to options or\nderivatives\n Details of any agreement, arrangement or understanding, formal or informal, \n between the person making the disclosure and any other person relating to: \n \n \n \n(i) the voting rights of any relevant securities under any option; or \n \n \n \n(ii) the voting rights or future acquisition or disposal of any relevant \n securities to which any derivative is referenced: \n \n \n \nIf there are no such agreements, arrangements or understandings, state \n “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(c) Attachments\n Is a Supplemental Form 8 (Open Positions) attached? NO \n\n Date of disclosure: 21-09-2026 \n Contact name: Janice Falcao \n Telephone number: 00442033140679 \n\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. The\nCode can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk%2F&esheet=54607845&newsitemid=20260921313101&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=b69521a3669a22b44928b1ce92fd9b89)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260921313101/en/\n(https://www.businesswire.com/news/home/20260921313101/en/)\n\nQube Research & Technologies LTD\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-21T11:04:00.174601296Z","server_sent_at_ms":1789988640174},"received_at":"2026-09-21T11:04:00.337Z","source_url":"https://www.businesswire.com/news/home/20260921313101/en/"},"analysis":{"id":"137795","press_release_id":"148300","analysis_json":{"industry":{"label":"Machinery","sector":"Industrials"},"redFlags":["Position is synthetic (cash-settled derivatives) rather than outright shares — economic exposure can change rapidly and carries no voting rights","Filing implies Rotork plc is in an active Takeover Code offer period, but this release discloses no offeror, offer price, or deal terms"],"eventType":"regulatory","narrative":"Qube Research & Technologies Limited filed a Takeover Code Rule 8.3 disclosure in respect of Rotork plc, reporting interests of 27,179,449 shares, or 3.32%, held entirely through cash-settled derivatives as of 18 September 2026, with no short positions.\n\nThe filing details active equity swap dealing on that date, including increases to long positions of up to 209,447 shares at unit prices between 484.60 and 485.20 pence, alongside decreases to short positions.\n\nRule 8.3 forms are filed by holders of 1% or more interests during offer periods, so the disclosure confirms Rotork remains in a live takeover situation, although the form names no offeror and contains no deal terms; no indemnity, voting, or derivative-related understandings were reported.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine Rule 8.3 dealing disclosure — file under Rotork offer-period watch and monitor for further stake-building by Qube."},"keyFigures":{"customDimensions":{"share_class":"0.5p ordinary","position_pct":3.32,"position_date":"2026-09-18","position_type":"cash-settled derivatives","disclosure_date":"2026-09-21","disclosure_form":"Form 8.3 (UK Takeover Code Rule 8.3)","position_shares":27179449,"short_positions":0,"swap_price_range_gbp_pence":"484.60-485.20"}},"namedEntities":{"people":[{"name":"Janice Falcao","role":"disclosure contact for Qube Research & Technologies Limited"}],"products":[],"companies":[{"name":"Qube Research & Technologies Limited","relationship":"disclosing position holder (1%+ interest holder)"},{"name":"Rotork plc","ticker":"ROR","relationship":"subject company of the disclosure (named offeror/offeree)"},{"name":"Takeover Panel","relationship":"UK regulator whose Code governs the disclosure"}],"dollarAmounts":[{"amount":"484.60","context":"GBp per unit price on equity swaps, including the largest increase of a long position (209,447 shares)"},{"amount":"484.70","context":"GBp per unit price on equity swap dealings"},{"amount":"484.80","context":"GBp per unit price on equity swap dealings"},{"amount":"485.00","context":"GBp per unit price on equity swap dealings"},{"amount":"485.20","context":"GBp per unit price, highest equity swap price disclosed"}]},"materialImpact":{"score":2,"reasoning":"This is a boilerplate Takeover Code Rule 8.3 dealing disclosure with no new deal information, terms, or parties. Its only signal is that Rotork plc remains in a Takeover Code offer period and that quant fund Qube holds a 3.32% cash-settled derivative position it actively trades via equity swaps."},"tickerRelevance":{"others":[],"primary":"ROR"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap UK industrial (LSE-listed)","eventGravity":"routine-regulatory-disclosure","offerPeriodContext":true,"householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"regulatory","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Qube Research & Technologies Limited filed a Takeover Code Rule 8.3 disclosure in respect of Rotork plc, reporting interests of 27,179,449 shares, or 3.32%, held entirely through cash-settled derivatives as of 18 September 2026, with no short positions.\n\nThe filing details active equity swap dealing on that date, including increases to long positions of up to 209,447 shares at unit prices between 484.60 and 485.20 pence, alongside decreases to short positions.\n\nRule 8.3 forms are filed by holders of 1% or more interests during offer periods, so the disclosure confirms Rotork remains in a live takeover situation, although the form names no offeror and contains no deal terms; no indemnity, voting, or derivative-related understandings were reported.","key_figures":{"customDimensions":{"share_class":"0.5p ordinary","position_pct":3.32,"position_date":"2026-09-18","position_type":"cash-settled derivatives","disclosure_date":"2026-09-21","disclosure_form":"Form 8.3 (UK Takeover Code Rule 8.3)","position_shares":27179449,"short_positions":0,"swap_price_range_gbp_pence":"484.60-485.20"}},"named_entities":{"people":[{"name":"Janice Falcao","role":"disclosure contact for Qube Research & Technologies Limited"}],"products":[],"companies":[{"name":"Qube Research & Technologies Limited","relationship":"disclosing position holder (1%+ interest holder)"},{"name":"Rotork plc","ticker":"ROR","relationship":"subject company of the disclosure (named offeror/offeree)"},{"name":"Takeover Panel","relationship":"UK regulator whose Code governs the disclosure"}],"dollarAmounts":[{"amount":"484.60","context":"GBp per unit price on equity swaps, including the largest increase of a long position (209,447 shares)"},{"amount":"484.70","context":"GBp per unit price on equity swap dealings"},{"amount":"484.80","context":"GBp per unit price on equity swap dealings"},{"amount":"485.00","context":"GBp per unit price on equity swap dealings"},{"amount":"485.20","context":"GBp per unit price, highest equity swap price disclosed"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-22T09:01:51.508Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap UK industrial (LSE-listed)","eventGravity":"routine-regulatory-disclosure","offerPeriodContext":true,"householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":null,"modelName":"glm-5.3-flash"}}