Bakkavor Group PLC has received a notification of major holdings from The Baupost Group, L.L.C. and BP-PE5, L.L.C. The notification states that on September 18, 2023, the threshold of voting rights held by The Baupost Group, L.L.C. and BP-PE5, L.L.C. in Bakkavor Group PLC was crossed or reached. The resulting situation on that date was that The Baupost Group, L.L.C. and BP-PE5, L.L.C. held 20.9637% of the voting rights in Bakkavor Group PLC, with a total of 121,468,928 voting rights.
The Baupost Group, L.L.C. and BP-PE5, L.L.C. are both based in the USA, with registered offices in Boston and Wilmington, respectively. The notification also includes information on the financial instruments held by The Baupost Group, L.L.C. and BP-PE5, L.L.C., as well as the full chain of controlled undertakings through which the voting rights and/or financial instruments are effectively held.
Bakkavor Group PLC is the leading provider of fresh prepared food in the UK, with a presence in the US and China. The company supplies a portfolio of over 2,900 products across meals, pizza & bread, salads, and desserts to leading grocery retailers in the UK and US, as well as international food brands in China. The company operates from 45 sites across its three markets and has around 18,500 employees.