Ardmore Shipping (ASC): Scorpio Holdings and Lolli-Ghetti report no remaining shares
Rhea-AI Filing Summary
Scorpio Holdings Limited and Annalisa Lolli-Ghetti amended their Schedule 13G regarding Ardmore Shipping Corporation’s common stock. Cover-page data lists 1,529,897 shares of common stock with shared voting and dispositive power, representing 3.7% of the class based on 41,298,849 Ardmore shares outstanding as of November 7, 2023. However, the Reporting Persons state that, as of the date of this amendment, neither Scorpio Holdings Limited nor Annalisa Lolli-Ghetti holds any Ardmore common shares, and they report ownership of 5 percent or less of the class.
Positive
- None.
Negative
- None.
Key Figures
Previously reported shares beneficially owned: 1,529,897 shares
Ownership percentage of class: 3.7%
Ardmore shares outstanding: 41,298,849 shares
+1 more
4 metrics
Previously reported shares beneficially owned
1,529,897 shares
Common stock with shared voting and dispositive power per cover pages
Ownership percentage of class
3.7%
Percentage of Ardmore common stock represented by 1,529,897 shares
Ardmore shares outstanding
41,298,849 shares
Outstanding common shares as of November 7, 2023
Current holdings reported
0 shares
As of the amendment date, neither Reporting Person holds any Ardmore common stock
Key Terms
beneficially owned, shared voting power, shared dispositive power, Ownership of 5 percent or less of a class
4 terms
beneficially owned financial
"Amount beneficially owned: The information required by this item with respect to each Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Ownership of 5 percent or less of a class regulatory
"Item 5. | Ownership of 5 Percent or Less of a Class."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What ownership in Ardmore Shipping (ASC) is reported by Scorpio Holdings Limited and Annalisa Lolli-Ghetti?
The amendment reports historical beneficial ownership of 1,529,897 Ardmore shares, with 3.7% of the common stock class, all held with shared voting and dispositive power according to the cover-page figures.
Do Scorpio Holdings Limited and Annalisa Lolli-Ghetti currently hold Ardmore Shipping (ASC) shares?
No. The Reporting Persons state that, as of the filing date, neither Scorpio Holdings Limited nor Annalisa Lolli-Ghetti holds any shares of Ardmore Shipping Corporation common stock.
How much Ardmore Shipping (ASC) stock was outstanding for the ownership calculation?
The ownership percentages are calculated using 41,298,849 Ardmore Shipping common shares outstanding as of November 7, 2023, as reported in an Exhibit 99.1 to the company’s Form 6-K.
Why do Scorpio Holdings and Annalisa Lolli-Ghetti report under 5% ownership in Ardmore Shipping (ASC)?
Item 5 notes ownership of 5 percent or less of Ardmore’s common stock. The narrative further clarifies that, as of this amendment’s date, they hold no Ardmore common shares.