Smith & Nephew (NYSE: SNN) shows Cevian at 14.010786% voting stake
Rhea-AI Filing Summary
Smith & Nephew plc reported a change in a major shareholding via a TR-1 notification of major holdings. Entities controlled by Cevian Capital II G.P. Limited now hold 117,912,733 voting rights in the company, representing 14.010786% of voting rights attached to shares.
This position increased from 13.206621% at the time of the previous notification. The holding is split between Cevian Capital II Master Fund L.P. with 12.815710% and Cevian Capital II Co-Investment - Series P L.P. with 1.195075%. No voting rights are held through financial instruments, and Aurora Nominees Limited is listed as the registered shareholder.
Positive
- None.
Negative
- None.
Key Figures
Voting rights percentage: 14.010786%
Voting rights held: 117,912,733
Previous voting rights percentage: 13.206621%
+3 more
6 metrics
Voting rights percentage
14.010786%
Resulting % of voting rights attached to shares when threshold was crossed
Voting rights held
117,912,733
Total number of voting rights held in Smith & Nephew
Previous voting rights percentage
13.206621%
Position of previous major holdings notification
Cevian Capital II Master Fund L.P. share
12.815710%
Voting rights held via Cevian Capital II Master Fund L.P.
Cevian Capital II Co-Investment - Series P L.P. share
1.195075%
Voting rights held via Cevian Capital II Co-Investment - Series P L.P.
Voting rights via financial instruments
0.000000%
Total % of voting rights held through financial instruments (8.B1 + 8.B2)
Key Terms
TR-1, voting rights attached to shares, financial instruments, ultimate controlling person, +1 more
5 terms
TR-1 regulatory
"TR-1: Standard form for notification of major holdings"
A TR-1 is a financial form used by investors to report significant ownership stakes in a company, typically when they acquire or dispose of a large number of shares. It helps keep the market informed about major shareholders and potential changes in control, allowing other investors to make better-informed decisions. This transparency encourages fair trading and reduces surprises related to ownership shifts.
financial instruments financial
"% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)"
Financial instruments are assets or contracts that hold monetary value and can be bought, sold, or traded. They serve as tools for investors to grow, protect, or transfer money, much like how a ticket or voucher can be used to access goods or services. These instruments help individuals and organizations manage financial goals and risks across different markets and economic conditions.
ultimate controlling person regulatory
"Ultimate controlling person | Name of controlled undertaking"
proxy voting regulatory
"In case of proxy voting Name of the proxy holder"
Proxy voting is a process that allows investors to have their voting power on company decisions exercised by someone else if they cannot attend meetings in person. It ensures that their opinions are still represented, similar to authorizing someone else to vote on their behalf at an election. This helps investors influence company actions even when they cannot be physically present.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who is the main holder in the Smith & Nephew (SNN) TR-1 notification?
The TR-1 identifies Cevian Capital II G.P. Limited as the ultimate controlling person. Aurora Nominees Limited, based in London, United Kingdom, is listed as the registered shareholder holding the 117,912,733 voting rights in Smith & Nephew plc.
How is Cevian Capital II’s holding in Smith & Nephew (SNN) structured?
Cevian Capital II’s holding is through controlled undertakings: Cevian Capital II Master Fund L.P. holds 12.815710% of voting rights, and Cevian Capital II Co-Investment - Series P L.P. holds 1.195075%, together accounting for the disclosed 14.010786% interest.
Does Cevian Capital II use financial instruments for its Smith & Nephew (SNN) position?
No. The TR-1 shows 0.000000% of voting rights held through financial instruments in sections 8.B1 and 8.B2, meaning all reported 117,912,733 voting rights in Smith & Nephew are attached directly to shares rather than derivatives or similar instruments.
What was Cevian Capital II’s previous voting percentage in Smith & Nephew (SNN)?
The position of the previous notification is reported as 13.206621% of voting rights attached to shares. The latest TR-1 indicates an increase to 14.010786%, reflecting a higher proportion of total voting rights now held in Smith & Nephew.