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LONDON - Ninety One UK Ltd has notified Fevertree Drinks Plc, a UK-based issuer, that it has crossed the 5% voting rights threshold following a recent transaction. On January 31, 2025, Ninety One UK Ltd’s total voting rights in the beverage company reached 5.1227%, equating to 5,980,179 voting rights.
This change in shareholding was formally communicated to Fevertree Drinks Plc on February 3, 2025, in accordance with the regulatory requirements for major holdings notifications. The notification did not include details of any financial instruments with similar economic effects, indicating that the voting rights are held directly through share ownership.
Fevertree Drinks, known for its premium mixers and a variety of flavored tonic waters, is listed on the London Stock Exchange (LON:LSEG) under the ISIN code GB00BRJ9BJ26. The notification did not indicate any proxy voting arrangements, nor did it provide additional information regarding the purpose or future intentions behind Ninety One UK Ltd’s acquisition of shares.
The disclosure aligns with the transparency obligations of publicly traded companies and their significant shareholders, ensuring that the market is kept informed about changes in control and potential influences on company governance.
Ninety One UK Ltd, part of Ninety One Plc, has now surpassed the 5% threshold, which is often considered a significant level of ownership that can impact shareholder voting and corporate decisions. However, the press release statement did not reveal any specific intentions behind the increase in shareholding by Ninety One UK Ltd.
Investors and market watchers typically monitor such disclosures closely, as changes in major shareholdings can sometimes signal shifts in investor sentiment or strategic interests in a company. The announcement is based on a press release statement and reflects factual information without speculation on the implications of the shareholding change.
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