LONDON - FIL Limited, an investment company based in Bermuda, has altered its holdings in Fevertree Drinks PLC (LON:FEVR), crossing a notable threshold of voting rights on November 27, 2024. According to a regulatory filing with the London Stock Exchange (LON:LSEG), FIL Limited now holds a combined total of 5% of voting rights in the premium mixer company.
The transaction, which was officially notified to Fevertree Drinks on November 28, 2024, resulted in FIL Limited possessing 2.93% of voting rights attached to shares and an additional 2.07% through financial instruments, specifically Contracts for Difference (CFDs), which are settled in cash. This brings the total number of voting rights held by FIL Limited to 5,837,306.
The detailed breakdown of the voting rights shows that FIL Limited does not directly hold any shares; instead, all 3,425,765 of the direct voting rights are held indirectly. The financial instruments that contribute to FIL Limited's voting rights are entirely in the form of CFDs.
FIL Limited's investment structure reveals a full chain of controlled undertakings, with several entities under its umbrella each holding a portion of the voting rights. However, the combined voting rights through these controlled undertakings do not exceed the threshold individually but contribute to FIL Limited's aggregate position.
This adjustment in shareholding is significant as it reflects changes in the ownership structure of Fevertree Drinks PLC, a company known for its high-quality mixers often used in cocktails. The notification of major holdings is a standard requirement for transparency in the market, allowing investors to stay informed about significant changes in company ownership.
The information for this report is based solely on a press release statement, ensuring an unbiased presentation of the facts surrounding the transaction between FIL Limited and Fevertree Drinks PLC.
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