Investors disclose positions in Tate & Lyle and Intertek

what happened

The London Stock Exchange published Rule 8.3 Takeover Code disclosures on 12 October 2026. Credit Agricole reported its position in Tate & Lyle plc as of 9 October: 6,067,738 shares, or 1.362%, alongside cash-settled derivatives representing a short position in 6,041,130 shares, or 1.356%. The bank purchased 20,000 shares at GBP 5.600868. For Intertek Group plc, Credit Agricole disclosed 3,314,828 shares, or 2.153%, and cash-settled derivatives referencing 3,114,251 shares, or 2.023%. It also reported the purchase of 488,809 shares at EUR 69.561 and an increase in a short swap position for the same number of shares.

AQR Capital Management reported a Tate & Lyle interest of 4,469,707 shares, or 1.00%, and a short position of 1,911,763 shares, or 0.42%. Its filing recorded increases in a long position through equity swaps referencing 70,981, 3,494 and 2,264 shares at £5.5887, £5.5890 and £5.2884 respectively. O'Connor Alternative Investments, disclosed by Cantor Fitzgerald, reported a long position through CFDs covering 5,263,843 shares, or 1.1817%, after three transactions involving a combined 123,092 reference shares.

BlackRock, Inc. reported a total interest in Tate & Lyle of 48,051,398 shares, or 10.78%. This comprised 23,107,100 shares and cash-settled derivatives referencing 24,944,298 shares. BlackRock said it had no voting authority over 1,054,048 shares while retaining investment discretion. During the period, it purchased 239,599 shares, sold 67,225 and received 1,651 shares by transfer.

why it matters

The Rule 8.3 filings detail the shares, derivatives and short positions held in connection with an offer or possible offer. BlackRock reported the largest disclosed Tate & Lyle interest, while several other major participants also reported positions.

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