Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
LONDON - Greencore Group PLC announced Monday that Polaris (NYSE:PII) Capital Management LLC has reduced its shareholding in Greencore, affecting the level of support for the company’s recommended acquisition of Bakkavor Group PLC.
According to a regulatory disclosure, Polaris has sold 285,331 Greencore shares and transferred out an additional 2,237,154 shares between June 13 and June 16, reducing its stake from approximately 5.5% to 4.9% of Greencore’s issued share capital.
Polaris had previously provided an irrevocable undertaking to vote in favor of the Greencore resolutions related to the acquisition at the upcoming Greencore Meeting. Following these transactions, Polaris now controls 21,604,223 shares subject to this undertaking, down from the original 24,126,708 shares.
The total number of Greencore shares subject to irrevocable undertakings now stands at 24,858,503, representing approximately 5.6% of the company’s issued ordinary share capital as of June 13.
The acquisition, announced on May 15, involves a cash and share offer by Greencore for the entire issued and to be issued ordinary share capital of Bakkavor. The transaction is to be implemented through a Court-approved scheme of arrangement under Part 26 of the Companies Act 2006.
This information was disclosed in a regulatory announcement under Rule 2.10 regarding irrevocable undertakings related to the transaction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.