Verition discloses stakes in Vesuvius and RHI Magnesita shares

what happened

Verition Fund Management LLC published Form 8.3 disclosures on its holdings in Vesuvius plc and RHI Magnesita N.V. The filings are dated 19 October 2026, with positions stated as of 16 October. Both were released through the London Stock Exchange's RNS service under the Takeover Code's disclosure rules.

In Vesuvius, the fund held 2,726,205 shares of 10p ordinary stock through cash-settled derivatives at the time of the filing, equal to 1.09%. Short positions stood at 329 shares, or 0.00%. During the period it increased its long CFD position across six trades, totalling about 208,000 shares at prices between 461.90 and 464.67 pence.

In RHI Magnesita, the fund held 5,761 shares through cash-settled derivatives, or 0.01%, and 45,945 short positions, or 0.09%. Most of the dealing increased the short position: five CFD trades covering 5,709 shares at prices from 2,782.50 to 2,886.47 pence. One trade of 478 shares added to a long position.

why it matters

Form 8.3 applies to holders of 1% or more of securities in companies involved in a takeover. The filings do not reveal the intentions of the parties, but they show which large players are actively trading the shares. For investors in Vesuvius and RHI Magnesita, the disclosures signal heightened interest from a major holder while the deal situation is live.

market impact

Vesuvius and RHI Magnesita: large derivative positions by the fund raise trading attention on both shares during the takeover process

tags

instruments