Liontrust Investment Partners LLP, a major shareholder in Moonpig Group Plc, has increased its voting rights stake in the company. The notification, made in accordance with the TR-1 standard form, indicates that as of June 10, 2024, Liontrust Investment Partners LLP holds 12.272% of voting rights attached to shares and 1.010% of voting rights through financial instruments, bringing the total to 13.282%. This represents a notable increase from their previous position of 12.832%.
The details provided in the notification show that Liontrust Investment Partners LLP, through its parent company Liontrust Asset Management Plc, holds 42,170,142 direct voting rights, accounting for 12.272% of the total voting rights. Additionally, they hold 3,468,753 voting rights through financial instruments, representing 1.010% of the total voting rights.
The notification also includes information about the ultimate controlling person and the controlled undertaking, with Liontrust Asset Management Plc being the ultimate controlling person and Liontrust Investment Partners LLP being the controlled undertaking. The total voting rights held by Liontrust Investment Partners LLP, including both direct and through financial instruments, now stand at 13.282%.
This increase in voting rights by Liontrust Investment Partners LLP signifies a significant development in the company's shareholder landscape. It reflects the confidence and interest of major investors in Moonpig Group Plc and may have implications for the company's corporate governance and strategic decisions.