Frasers Group Plc has acquired 24.048373% of the voting rights in Boohoo Group PLC. The acquisition was notified on 20th June 2024, with the total number of voting rights held in the issuer being 305,194,156. This represents an increase from the previous position of 23.100963%. The acquisition was made by Michael Ashley, the ultimate controlling person of Frasers Group plc.
The voting rights attached to shares include 305,194,156 ordinary shares, representing 24.048373% of the total voting rights. There are no financial instruments with similar economic effect or financial instruments that may be acquired if exercised/converted disclosed in the notification.
This acquisition represents a significant increase in Frasers Group Plc's influence within Boohoo Group PLC. The notification provides transparency regarding the change in voting rights and the details of the shareholder involved in the acquisition.
The completion date of the notification was 20th June 2024. This information is crucial for investors and stakeholders to understand the shifting dynamics within Boohoo Group PLC and the influence of major shareholders like Frasers Group Plc and Michael Ashley.