{"success":true,"data":{"pressRelease":{"id":"42214","rtpr_id":"nBwbl3wbQa","ticker":"SDR","exchange":"LSE","all_tickers":["SDR"],"title":"REG-NATIXIS Form 8.3","author":"Business Wire","published_at":"2026-05-21T12:50:00.085Z","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: NATIXIS SA \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 Schroders 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: 20 May 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 No \n disclosures in respect of any other party to the offer? \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: 20p ordinary \n \n \n \n  \n   Interests Short positions \n \n \n \n  \n   Number % Number % \n (1) Relevant securities owned and/or controlled: 26 808 386 1,66 11 460 646 0,71 \n (2) Cash-settled derivatives: 11 460 646 0,71 26 808 386 1,66 \n \n \n \n  \n (3) Stock-settled derivatives (including options) and agreements to         \n purchase/sell: \n   38 269 032 2,37 38 269 032 2,37 \n \n \n \nTOTAL: \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:   \n Details, including nature of the rights concerned and relevant percentages:   \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 \n \n \n \n  \n 20p ordinary Sale 2 742 GBX 582.00 \n 20p ordinary Sale 13 406 GBX 582.00 \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security Product description Nature of dealing Number of reference securities Price per unit \n \n \n \n \ne,g, CFD \ne,g, opening/closing a long/short position, increasing/reducing a long/short \n position \n 20p ordinary Structured Product Decreasing a short position 2 742 GBX 582.00 \n 20p ordinary Futures Decreasing a short position 13 406 GBX 582.00 \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 Type Expiry date Option money paid/ received per unit \n \n \n \ne,g, American, European etc, \n                 \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           \n \n \n \n  \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         \n \n \n \n  \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 May 2026 \n Contact name: Florence de Queylar \n Telephone number*: +33 1 58 19 40 93 \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,\n\n*If the discloser is a natural person, a telephone number does not need to be\nincluded, provided contact information has been provided to the Panel’s\nMarket Surveillance Unit,\n\nThe Code 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&esheet=54540215&newsitemid=20260521716375&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=2f9a31d605020097f0209b408b17114b)\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260521716375/en/\n(https://www.businesswire.com/news/home/20260521716375/en/)\n\nNATIXIS\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwbl3wbQa","title":"REG-NATIXIS Form 8.3","author":"Business Wire","ticker":"SDR","created":"2026-05-21T12:50:00.085Z","tickers":["SDR"],"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: NATIXIS SA \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 Schroders 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: 20 May 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 No \n disclosures in respect of any other party to the offer? \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: 20p ordinary \n \n \n \n  \n   Interests Short positions \n \n \n \n  \n   Number % Number % \n (1) Relevant securities owned and/or controlled: 26 808 386 1,66 11 460 646 0,71 \n (2) Cash-settled derivatives: 11 460 646 0,71 26 808 386 1,66 \n \n \n \n  \n (3) Stock-settled derivatives (including options) and agreements to         \n purchase/sell: \n   38 269 032 2,37 38 269 032 2,37 \n \n \n \nTOTAL: \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:   \n Details, including nature of the rights concerned and relevant percentages:   \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 \n \n \n \n  \n 20p ordinary Sale 2 742 GBX 582.00 \n 20p ordinary Sale 13 406 GBX 582.00 \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security Product description Nature of dealing Number of reference securities Price per unit \n \n \n \n \ne,g, CFD \ne,g, opening/closing a long/short position, increasing/reducing a long/short \n position \n 20p ordinary Structured Product Decreasing a short position 2 742 GBX 582.00 \n 20p ordinary Futures Decreasing a short position 13 406 GBX 582.00 \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 Type Expiry date Option money paid/ received per unit \n \n \n \ne,g, American, European etc, \n                 \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           \n \n \n \n  \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         \n \n \n \n  \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 May 2026 \n Contact name: Florence de Queylar \n Telephone number*: +33 1 58 19 40 93 \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,\n\n*If the discloser is a natural person, a telephone number does not need to be\nincluded, provided contact information has been provided to the Panel’s\nMarket Surveillance Unit,\n\nThe Code 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&esheet=54540215&newsitemid=20260521716375&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=2f9a31d605020097f0209b408b17114b)\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260521716375/en/\n(https://www.businesswire.com/news/home/20260521716375/en/)\n\nNATIXIS\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-21T12:50:00.113971415Z","server_sent_at_ms":1779367800113},"received_at":"2026-05-21T12:50:00.168Z","source_url":"https://www.businesswire.com/news/home/20260521716375/en/"},"analysis":{"id":"31652","press_release_id":"42214","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"insider_transaction","narrative":"Natixis SA filed a Form 8.3 disclosure with the UK Takeover Panel regarding its positions in Schroders plc (SDR).\n\nThe disclosure reveals Natixis holds 26.8 million shares (1.66%) and has short positions and stock-settled derivatives totaling roughly 49.7 million shares (2.37% for stock-settled, 0.71% for cash-settled shorts).\n\nNatixis reported selling 16,148 shares at 582.0 pence each and reducing short positions in structured products and futures by the same volume at the same price.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine regulatory filing by a third-party bank; no strategic signal for SDR investors."},"keyFigures":{"customDimensions":{"sale_price_gbx":582,"natixis_owned_pct":"1.66%","natixis_short_pct":"0.71%","natixis_stock_settled_derivatives_pct":"2.37%"}},"quotedText":"None","namedEntities":{"people":[{"name":"Florence de Queylar","role":"Contact Person at Natixis"}],"products":[],"companies":[{"name":"Natixis SA","relationship":"discloser"},{"name":"Schroders plc","ticker":"SDR","relationship":"target/offeree"}],"dollarAmounts":[{"amount":"GBX 582.00","context":"price per share for sales and derivative adjustments"}]},"materialImpact":{"score":1,"reasoning":"This is a routine regulatory disclosure (Form 8.3 under the UK Takeover Code) by a third-party financial institution (Natixis) regarding its positions in the target company (Schroders). It discloses existing holdings and minor derivative adjustments, not a strategic move by the filer or a material change in control."},"tickerRelevance":{"others":[],"primary":"SDR"},"globalImportance":5,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"context":"Third-party disclosure under Takeover Code","tickerTier":"mid-cap","eventGravity":"regulatory-filing","issuerAuthored":false}},"event_type":"insider_transaction","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Natixis SA filed a Form 8.3 disclosure with the UK Takeover Panel regarding its positions in Schroders plc (SDR).\n\nThe disclosure reveals Natixis holds 26.8 million shares (1.66%) and has short positions and stock-settled derivatives totaling roughly 49.7 million shares (2.37% for stock-settled, 0.71% for cash-settled shorts).\n\nNatixis reported selling 16,148 shares at 582.0 pence each and reducing short positions in structured products and futures by the same volume at the same price.","key_figures":{"customDimensions":{"sale_price_gbx":582,"natixis_owned_pct":"1.66%","natixis_short_pct":"0.71%","natixis_stock_settled_derivatives_pct":"2.37%"}},"named_entities":{"people":[{"name":"Florence de Queylar","role":"Contact Person at Natixis"}],"products":[],"companies":[{"name":"Natixis SA","relationship":"discloser"},{"name":"Schroders plc","ticker":"SDR","relationship":"target/offeree"}],"dollarAmounts":[{"amount":"GBX 582.00","context":"price per share for sales and derivative adjustments"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-21T12:50:15.801Z","global_importance":5,"audience_relevance":10,"importance_components":{"context":"Third-party disclosure under Takeover Code","tickerTier":"mid-cap","eventGravity":"regulatory-filing","issuerAuthored":false}},"durationMs":15626,"modelName":"george-droid-qwen-72b"}}