Cevian Capital lifts Smith & Nephew (SNN) voting stake to 13.206621% via TR-1
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Smith & Nephew plc reports a TR-1 notification of major holdings showing that an investor group linked to Cevian Capital has increased its position in the company.
The total holding now represents 13.206621% of voting rights, equal to 111,788,454 voting rights, up from a previously notified level of 13.056468%. All voting rights are attached directly to shares, with no additional exposure through financial instruments. The holding is split between Cevian Capital II Master Fund L.P. at 12.018425% and Cevian Capital II Co-Investment - Series P L.P. at 1.188196%, both controlled by Cevian Capital II G.P. Limited.
Positive
- None.
Negative
- None.
Key Figures
Total voting rights held: 111,788,454 voting rights
Total voting rights percentage: 13.206621%
Previous voting rights percentage: 13.056468%
+3 more
6 metrics
Total voting rights held
111,788,454 voting rights
Resulting situation when threshold was crossed or reached
Total voting rights percentage
13.206621%
Resulting situation when threshold was crossed or reached
Previous voting rights percentage
13.056468%
Position of previous notification
Master Fund voting rights percentage
12.018425%
Cevian Capital II Master Fund L.P.
Co-Investment Fund voting rights percentage
1.188196%
Cevian Capital II Co-Investment - Series P L.P.
Voting rights through financial instruments
0.000000%
Total voting rights through financial instruments
Key Terms
TR-1, major holdings, voting rights, financial instruments, +2 more
6 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.
major holdings regulatory
"TR-1: Standard form for notification of major holdings"
Major holdings are the largest assets—such as specific stocks, bonds, cash positions, or other investments—that make up a significant share of a fund’s or investor’s portfolio. They matter because these big positions largely determine performance and risk; like the star players on a team, they can swing returns and reveal whether an investment is heavily concentrated in a particular company, industry, or strategy.
voting rights financial
"Total number of voting rights held in issuer Resulting situation on the date"
Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.
financial instruments financial
"Financial Instruments according to (DTR5.3.1R.(1) (a))"
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
"10. 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.
FAQ
Who is the main controlling investor in Smith & Nephew (SNN) in this notice?
Cevian Capital II G.P. Limited is identified as the ultimate controlling person. It controls Cevian Capital II Master Fund L.P. and Cevian Capital II Co-Investment - Series P L.P., which together hold 13.206621% of Smith & Nephew’s voting rights under this TR-1 notification.
How many Smith & Nephew (SNN) voting rights are held by the notifying holder?
The notifying holder controls 111,788,454 voting rights in Smith & Nephew. This entire amount is attached directly to shares, representing 13.206621% of the company’s voting rights as reported in the TR-1 major holdings disclosure.
How is the Cevian holding in Smith & Nephew (SNN) split between its funds?
Cevian Capital II Master Fund L.P. holds 12.018425% of Smith & Nephew’s voting rights, while Cevian Capital II Co-Investment - Series P L.P. holds 1.188196%. Together, these controlled undertakings account for 13.206621% of the company’s voting rights.
Does the Smith & Nephew (SNN) TR-1 notice include financial instruments exposure?
The TR-1 notification indicates 0.000000% of voting rights through financial instruments. All 13.206621% of Smith & Nephew’s voting rights held by the notifying shareholder group are attached directly to shares, with no additional derivative-based voting exposure reported.