Intertek Group PLCMillennium discloses a 4.061% stake via derivatives, but the filing shows both increasing and reducing equity swaps, making the net directional intent unclear.

Millennium International Management LP has disclosed a 4.061% interest in Intertek Group plc, representing 6,251,746 ordinary shares via cash-settled derivatives, according to a Form 8.3 filing dated 21st July 2026. The disclosure, made under Rule 8.3 of the Takeover Code, shows no relevant securities owned directly and no short positions. On the same date, the firm executed multiple equity swap transactions, both increasing and reducing its long position, with prices ranging from 58.19 GBP to 58.26 GBP per share. The filing confirms no indemnity or option arrangements and no agreements relating to voting rights or derivatives.
Intertek Group PLCMillennium discloses a 4.061% stake via derivatives, but the filing shows both increasing and reducing equity swaps, making the net directional intent unclear.