INEOS Ltd discloses major stake in Manchester United

INEOS Ltd filed an initial ownership report for Manchester United plc, showing significant indirect holdings through INEOS Services Limited.

Rhea-AI Filing Summary

INEOS Ltd filed an initial ownership report for Manchester United plc, showing significant indirect holdings through INEOS Services Limited. It reports 16,188,182.593 Class A Ordinary Shares and 33,692,463.497 Class B Ordinary Shares. Each Class B share is convertible into one Class A share at any time, with no expiration date.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider INEOS Ltd

Role 10% Owner

Type	Security	Shares	Price	Value
holding	Class B Ordinary Shares	--	--	--
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Class B Ordinary Shares — 33,692,463.497 contracts (Indirect, By INEOS Services Limited); Class A Ordinary Shares — 16,188,182.593 shares (Indirect, By INEOS Services Limited)

Footnotes (2)

1. F1. See Remarks
2. F2. Each Class B Ordinary Share is convertible on a one-for-one basis into a Class A Ordinary Share at any time at the option of the holder, and has no expiration date.

Key Figures

Indirect Class A holdings: 16,188,182.593 shares Indirect Class B holdings: 33,692,463.497 shares Conversion ratio: 1 Class B share = 1 Class A share +1 more

4 metrics

Indirect Class A holdings 16,188,182.593 shares Class A Ordinary Shares held indirectly via INEOS Services Limited

Indirect Class B holdings 33,692,463.497 shares Class B Ordinary Shares held indirectly via INEOS Services Limited

Conversion ratio 1 Class B share = 1 Class A share Each Class B Ordinary Share convertible one-for-one into Class A

Class B expiration No expiration date Class B Ordinary Shares convertible at any time without expiry

Key Terms

Class A Ordinary Shares, Class B Ordinary Shares, convertible on a one-for-one basis, ten percent owner, +1 more

5 terms

Class A Ordinary Shares financial

"It reports 16,188,182.593 Class A Ordinary Shares held indirectly."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Class B Ordinary Shares financial

"It reports 33,692,463.497 Class B Ordinary Shares held indirectly."

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

convertible on a one-for-one basis financial

"Each Class B Ordinary Share is convertible on a one-for-one basis into a Class A Ordinary Share."

ten percent owner financial

"INEOS Ltd is identified as a ten percent owner of Manchester United plc."

indirect ownership financial

"The shares are reported as being held through INEOS Services Limited, indicating indirect ownership."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the INEOS Ltd Form 3 filing for MANU report?

The Form 3 shows INEOS Ltd’s indirect ownership in Manchester United plc. It reports large positions in both Class A and Class B Ordinary Shares, held through INEOS Services Limited, establishing INEOS Ltd as a ten percent owner of the company.

How many Class A shares of Manchester United (MANU) does INEOS indirectly hold?

INEOS Ltd indirectly holds 16,188,182.593 Class A Ordinary Shares of Manchester United plc. These shares are reported as being held through INEOS Services Limited, reflecting a substantial existing ownership position rather than a newly reported purchase or sale.

What Class B share holdings are disclosed for INEOS in Manchester United (MANU)?

INEOS Ltd reports indirect ownership of 33,692,463.497 Class B Ordinary Shares of Manchester United plc. These Class B shares are held by INEOS Services Limited and are a separate class from the publicly traded Class A Ordinary Shares.

How are Manchester United (MANU) Class B shares treated under this filing?

Each Class B Ordinary Share is convertible into one Class A Ordinary Share at any time at the holder’s option. The filing notes that these Class B shares have no expiration date, providing ongoing flexibility to convert into Class A shares.

Is INEOS Ltd a ten percent owner of Manchester United (MANU)?

Yes. The Form 3 identifies INEOS Ltd as a ten percent owner of Manchester United plc. This status reflects the large indirect holdings in both Class A and Class B Ordinary Shares reported through INEOS Services Limited in the filing.

Who legally holds the reported Manchester United (MANU) shares for INEOS?

The shares are reported as being held indirectly “By INEOS Services Limited.” This indicates a related entity, INEOS Services Limited, is the direct holder of both the Class A and Class B Ordinary Shares disclosed for INEOS Ltd in the Form 3.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/29/2026 - 07:29 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

INEOS Ltd

(Last) (First) (Middle)

FORT ANNE

(Street)

DOUGLAS IM1 5PD

(City) (State) (Zip)

ISLE OF MAN

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
06/23/2026

3. Issuer Name and Ticker or Trading Symbol
Manchester United plc [ MANU ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	16,188,182.593	I(1)	By INEOS Services Limited

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares	(2)	(2)	Class A Ordinary Shares	33,692,463.497	$0	I(1)	By INEOS Services Limited

Explanation of Responses:

1. See Remarks

2. Each Class B Ordinary Share is convertible on a one-for-one basis into a Class A Ordinary Share at any time at the option of the holder, and has no expiration date.

Remarks:

As part of an internal reorganization to simplify the corporate structure of the wider INEOS group, James A. Ratcliffe, Andrew Currie and John Reece (the "Shareholders") interposed INEOS Limited as the new holding company of the INEOS group (the "Reorganization"). INEOS Limited is (i) owned and controlled by the Shareholders in the same proportions as their previous shareholdings in INEOS Services Limited, formerly known as INEOS Limited, and (ii) the sole (100%) shareholder of INEOS Services Limited. There has been no transfer by INEOS Services Limited of the Class A Ordinary Shares or the Class B Ordinary Shares in connection with the Reorganization - i.e., INEOS Services Limited remains the direct owner of the Class A Ordinary Shares and the Class B Ordinary Shares. Accordingly, the indirect interest of the Shareholders in the Ordinary Shares has not changed. The Shareholders collectively have voting and investment power over the securities indirectly held by INEOS Limited. Due to that certain letter agreement between the Shareholders with respect to the voting and disposition of the shares in Manchester United plc (the "Issuer"), for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, none of James A. Ratcliffe, Andrew Currie and John Reece individually has beneficial ownership over the securities held indirectly by INEOS Limited. James A. Ratcliffe, Andrew Currie and John Reece each disclaim beneficial ownership over all of the securities in the Issuer held by INEOS Services Limited and neither the filing of this Form 3 nor any of its contents shall be deemed to constitute an admission by James A. Ratcliffe, Andrew Currie or John Reece that they are individually the beneficial owners of any of the securities referred to herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

	/s/ Steven Quayle	06/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)