SCHEDULE: Legal & General Group Amends Disclosure of 5.79% Stake in OneSpan Inc.
Beneficial Ownership Disclosure
Legal & General Group Plc and its affiliated entities have filed an amended Schedule 13G, disclosing a collective beneficial ownership of 5.79% in OneSpan Inc. as of December 31, 2021.
Summary
- Legal & General Group Plc, along with its subsidiaries, reported beneficial ownership of OneSpan Inc. common shares.
- As of December 31, 2021, Legal & General Group Plc beneficially owned 2,312,797 shares, representing 5.79% of the class.
- Legal & General Investment Management Ltd reported beneficial ownership of 2,233,173 shares, or 5.6% of the class, with shared voting and dispositive power over these shares.
- LGIM Managers (Europe) Limited and Legal & General UCITS ETF Plc each reported beneficial ownership of 2,228,331 shares, representing 5.58% and 5.6% respectively, with shared voting and dispositive power.
- Legal & General Investment Management America Inc. reported beneficial ownership of 79,624 shares, representing 0.2% of the class, with shared voting power over 10,518 shares and shared dispositive power over 79,624 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed beneficial ownership statement.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- Significant institutional ownership by a reputable global financial group like Legal & General can indicate long-term confidence in the company's prospects.
- The continued disclosure of a substantial stake suggests ongoing interest from a major institutional investor in OneSpan Inc.
Industry Context
Schedule 13G filings are standard disclosures by institutional investors who acquire more than 5% of a company's voting class of securities, indicating a passive investment intent. The filing by Legal & General Group Plc, a major global financial services group, reflects a typical portfolio investment in a publicly traded company like OneSpan Inc., which operates in the digital identity and security solutions sector. Such filings provide transparency on significant ownership stakes within the market.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can be a factor in assessing investor confidence and potential liquidity.
- Company Management: Awareness of a large institutional holder may influence strategic decisions, though 13G filers are typically passive investors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2021 | Date of event which requires filing of this statement, indicating the beneficial ownership stake as of this date. |
| 07/02/2025 | Date of signature for the Schedule 13G Amendment No. 1 filing by all reporting persons. |
Keywords
OneSpan Inc., Legal & General Group Plc, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Shares, Financial Services, Investment Management, SEC Filing
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