FMR and Abigail Johnson disclose 6.4% Gates (NYSE: GTES) stake
Rhea-AI Filing Summary
FMR LLC and Abigail P. Johnson report beneficial ownership of 16,452,923.15 shares of Gates Industrial Corp plc common stock, representing 6.4% of the class as of the event date.
FMR LLC has sole voting power over 16,434,281.00 shares and sole dispositive power over 16,452,923.15 shares. Abigail P. Johnson has sole dispositive power over 16,452,923.15 shares but no voting power. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of the company. One or more other persons may receive dividends or sale proceeds, but no such person holds more than 5% of the outstanding common stock.
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FAQ
What stake in Gates Industrial Corp plc does FMR LLC report?
FMR LLC reports beneficial ownership of 16,452,923.15 shares of Gates Industrial Corp plc common stock, representing 6.4% of the outstanding class as of the reported event date, according to the Schedule 13G/A amendment.
How much voting power does FMR LLC have in GTES common stock?
FMR LLC has sole voting power over 16,434,281.00 shares of Gates Industrial Corp plc common stock. It reports no shared voting power, indicating all reported voting authority resides solely with FMR LLC for those shares.
What is Abigail P. Johnson’s reported ownership in Gates Industrial (GTES)?
Abigail P. Johnson is reported as beneficially owning 16,452,923.15 shares, or 6.4% of Gates Industrial’s common stock, with sole dispositive power but no voting power over the shares disclosed in the Schedule 13G/A.
Are FMR LLC and Abigail P. Johnson seeking to influence control of Gates Industrial?
They certify the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Gates Industrial Corp plc, consistent with a passive investment stance.
What type of SEC filing documents FMR’s 6.4% position in GTES?
The ownership is disclosed in an amended Schedule 13G filing, which is typically used by investors holding a significant stake on a passive basis rather than seeking to influence or change control of the issuer.