SCHEDULE: Legal & General Group Discloses Over 5% Stake in OneSpan Inc.
Beneficial Ownership Disclosure
Legal & General Group Plc and its affiliates have filed an amended Schedule 13G, confirming beneficial ownership of 5.53% of OneSpan Inc.'s common shares as of December 31, 2023.
Summary
- Legal & General Group Plc, along with its subsidiaries Legal & General Investment Management Ltd, LGIM Managers (Europe) Limited, Legal & General UCITS ETF Plc, and Legal & General Investment Management America Inc, collectively reported beneficial ownership of OneSpan Inc. common shares.
- As of December 31, 2023, Legal & General Group Plc beneficially owned 2,207,340 shares, representing 5.53% of the class.
- Legal & General Investment Management Ltd reported beneficial ownership of 2,202,907 shares, equating to 5.5% of the class.
- LGIM Managers (Europe) Limited and Legal & General UCITS ETF Plc each reported beneficial ownership of 2,179,777 shares, representing 5.46% and 5.5% of the class, respectively.
- Legal & General Investment Management America Inc held a smaller stake of 4,433 shares, representing 0.01% of the class.
- The group collectively holds shared voting power over 2,195,345 shares and shared dispositive power over 2,207,340 shares.
Sentiment
Score: 5
Explanation: The document is a factual regulatory disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Industry Context
This filing is a standard regulatory disclosure by a large institutional investor, Legal & General Group Plc, indicating its passive ownership stake in OneSpan Inc. It reflects a portfolio allocation decision rather than a direct strategic move within the cybersecurity or digital identity industry.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and potentially corporate governance dynamics.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 07/02/2025 | Signature date for the Schedule 13G filing by Legal & General Group Plc and its affiliates. |
Keywords
OneSpan Inc., Legal & General Group Plc, Schedule 13G, Beneficial Ownership, Common Shares, Institutional Investor, SEC Filing, Investment Management, Financial Services
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