Frasers Group Plc has acquired additional voting rights in Boohoo Group PLC, according to a notification of major holdings. The acquisition took place on October 3, 2023, and Frasers Group now holds 13.438557% of the voting rights in Boohoo Group. This represents an increase from their previous position of 10.424590%. The total number of voting rights held by Frasers Group in Boohoo Group is 170,426,000.
The notification does not provide details of any financial instruments or controlled undertakings through which the voting rights are held. The ultimate controlling person is Michael Ashley, the CEO of Frasers Group.
This notification of major holdings provides important information about the ownership and voting rights in Boohoo Group. It indicates that Frasers Group has increased its stake in the company, which could have implications for the future direction and decision-making of Boohoo Group.