Exponent Private Equity LLP, through its Co-Investment GP LLP as the general partner of Exponent Private Equity Partners III (SPV) LP, has acquired voting rights in Moonpig Group Plc. The acquisition, notified on July 11, 2024, resulted in Exponent Private Equity LLP holding 2.948833% of the voting rights, representing 10,132,824 voting rights in the company. This marks a notable increase from the previous position of 8.228194% of voting rights.
The notification, submitted in accordance with the TR-1 standard form, outlines the details of the shareholder, the date of the threshold crossing, and the resulting voting rights situation. It also provides information about the controlled undertakings through which the voting rights are effectively held, with Exponent Private Equity LLP being the ultimate controlling person.
This development signifies a significant change in the voting rights structure of Moonpig Group Plc, with Exponent Private Equity LLP now holding a substantial percentage. The acquisition of voting rights by a major entity like Exponent Private Equity LLP could potentially impact the strategic direction and decision-making within the company.