Bank of Nova Scotia discloses Rotork and Intertek stakes and share sales

what happened

The Bank of Nova Scotia filed a Form 8.3 disclosure, published through RNS, detailing its holdings in two UK companies that are subject to takeover procedures under the Takeover Code. As of 22 October 2026, the bank held 17,066,477 ordinary shares of Rotork at 0.5p, equal to 2.09%, plus cash-settled derivatives referencing 14,182,973 shares, or 1.74%.

For Intertek Group plc, the bank held 3,338,797 shares at 1p, or 2.17%, and derivatives covering 2,232,598 shares, or 1.45%. The filing also reports sales of 227,300 Rotork shares at 4.93 GBP and 14,200 Intertek shares at 59.19 GBP. The disclosure is dated 23 October 2026.

why it matters

Form 8.3 must be filed by parties holding 1% or more of a company in an offer. The filing does not reveal the terms of any bid, but it shows that large holders are actively trading both stocks, which matters for investors tracking possible UK takeover activity.

market impact

Rotork and Intertek shares: large holder positions and trades can add volatility while the takeover process is underway

tags

instruments