Frasers Group Plc has acquired a significant stake in AO World PLC, crossing the notifiable threshold of 24.705407% of voting rights. The acquisition was notified on 13th February 2024. Frasers Group Plc, with its registered office in Mansfield, United Kingdom, now holds 142,938,183 voting rights in AO World PLC.
This acquisition marks a notable increase from the previous position, where Frasers Group Plc held 23.076401% of voting rights. The increase in voting rights is a result of the acquisition or disposal of voting rights by Frasers Group Plc.
The ultimate controlling person behind Frasers Group Plc is Michael Ashley. Frasers Group Plc now effectively holds 24.705407% of voting rights in AO World PLC.
This notification provides essential information about the change in major holdings within AO World PLC and the details of the shareholder, Frasers Group Plc. The completion date for this notification was 13th February 2024.
This notification underlines the significant change in the ownership structure of AO World PLC, with Frasers Group Plc now holding a substantial percentage of voting rights, signaling a potential shift in the company's ownership landscape.