Apex Fundrock Limited Discloses Substantial Position in Tyman PLC

Apex Fundrock Limited, through its disclosure entity Chelverton Asset Management, revealed a significant holding in Tyman PLC, amounting to 5,406,169 shares. This stake represents 2.75% of the company's issued share capital. The disclosure, adhering to Rule 8.3 of the Takeover Code, was made public on May 2, 2024, referencing the latest position held as of April 30, 2024. Tyman PLC is listed with the ISIN number GB00B29H4253.

In detail, no cash-settled or stock-settled derivatives were reported by Chelverton. The transparency in this disclosure follows the regulatory requirements set by the Takeover Panel, ensuring public knowledge of significant shareholding which may influence market and investment decisions. Moreover, the document clarifies no involvement in any other simultaneous offer-related disclosures, strictly focusing on Tyman PLC at this juncture.

Furthermore, the disclosure included a recent transaction detail where Chelverton Asset Management sold 19,000 shares of Tyman PLC at a price of £3.80 per unit. This transaction potentially aligns with strategic adjustments to their investment portfolio. Overall, these dealings reflect Chelverton Asset Management's active participation and investment strategies in the financial markets.