LONDON - Swedish investor Peter Gyllenhammar AB has increased its holding in Scholium Group PLC, a UK-based company, crossing a significant threshold on November 29, 2024. The transaction has raised its stake to 18.055%, which equates to 2,455,534 voting rights attached to shares.
Previously, the investment firm held a 15.79% stake in the specialty bookseller. This change in holdings was officially notified to Scholium Group on Tuesday, December 3, 2024, marking a notable shift in shareholder structure.
According to the notification, the voting rights are held directly by Browallia Asset Management Ltd and Bronsstädet AB, both controlled by Mr. Peter Gyllenhammar. Browallia Asset Management Ltd holds the majority of these rights at 17.5%, with Bronsstädet AB accounting for a smaller portion of 0.555%.
The notification did not indicate any voting rights held through financial instruments, suggesting that the entire stake is through direct share ownership. The information was completed in Stockholm, Sweden, on December 3, 2024.
This move by Peter Gyllenhammar AB could signal confidence in Scholium Group's market position and future prospects. The company specializes in rare and antiquarian books and fine arts, operating through its subsidiaries like Shapero Rare Books and Scholium Trading.
Scholium Group has not provided additional details regarding the acquisition. The announcement was made in accordance with the Disclosure and Transparency Rules of the Financial Conduct Authority, which require timely disclosure of changes in significant shareholdings.
Investors and market watchers often monitor such disclosures to gauge investor sentiment and potential influence on company strategy and governance. The increase in Peter Gyllenhammar AB's stake is a key development for Scholium Group, reflecting a potentially strengthened relationship with the Swedish investor.
This report is based on a press release statement and has been issued without any additional commentary or speculation regarding the implications of the new shareholding structure.
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