SEC FORM 3

SEC FORM 3SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

INEOS Ltd

(Last)

(First)

(Middle)

FORT ANNE

(NO DATA)

(Street)

DOUGLAS

IM1 5PD

(City)

(State)

(Zip)

ISLE OF MAN

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Manchester United plc [ MANU ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			See remarks

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	16,188,182.593	D⁽¹⁾⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Ordinary Shares	⁽³⁾	⁽³⁾	Class A Ordinary Shares	33,692,463.497	$0	D

Explanation of Responses:

1. James A. Ratcliffe, Andy Currie and John Reece (the "Shareholders") collectively have voting and investment power over the securities held by INEOS Limited. Due to that certain letter agreement between the Shareholders with respect to the voting and disposition of the shares in Manchester United plc (the "Issuer"), for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, none of James A. Ratcliffe, Andy Currie and John Reece individually has beneficial ownership over the securities held by INEOS Limited. (cont'd in fn 2)

2. (cont'd from fn 1) James A. Ratcliffe, Andy Currie and John Reece each disclaim beneficial ownership over all of the securities in the Issuer held by INEOS Limited and neither the filing of this Form 3 nor any of its contents shall be deemed to constitute an admission by any of James A. Ratcliffe, Andy Currie or John Reece that they are individually the beneficial owners of any of the securities referred to herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

3. Each Class B Ordinary Share is convertible on a one-for-one basis into a Class A Ordinary Share at any time at the option of the holder, and has no expiration date.

Remarks:

John Reece, who is the chief financial officer of the INEOS group of companies and a director of, and shareholder in, INEOS Limited, and Rob Nevin, who holds certain roles within the INEOS group of companies, are directors of the Issuer and were nominated by INEOS Limited pursuant to a governance agreement dated as of December 24, 2023, and therefore, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, INEOS Limited may be deemed a director by deputization of the Issuer.

	/s/ Simon Morland	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

SEC Form 3 filed by new insider Ineos Ltd