Frasers Group Plc has acquired additional voting rights in Boohoo Group PLC, crossing the threshold to hold 23.100963% of the voting rights attached to shares. The acquisition was notified on May 8, 2024, with a total of 293,028,671 voting rights held in the issuer. This increase from the previous position of 22.088198% signifies a notable change in Frasers Group Plc's stake in Boohoo Group PLC.
The notification indicates that the ultimate controlling person, Michael Ashley, holds the voting rights through Frasers Group Plc. The details provided in the notification align with the standard form for the notification of major holdings, as required by regulatory authorities.
This development suggests a significant shift in the ownership structure of Boohoo Group PLC, with Frasers Group Plc now holding a substantial percentage of voting rights. It will be interesting to observe how this increased stake may influence the strategic direction and decision-making within the company.