Lindsell Train Limited reduce Celtic shareholding

https://www.investegate.co.uk/announcement/rns/celtic--ccp/holding-s-in-company/9170457



Celtic's second largest shareholder, Lindsell Train Limited, has reduced its shareholding in the club.


Confirmed in the standard form for notification of major holdings, the mysterious billionaire firm has dropped its shareholding by 0.69 percent.

This equates to 750,000 shares for the company who are also the third-largest shareholders in Serie A giants Juventus after the Agnelli family and crypto firm Tether.

The announcement was made today on Tuesday, October 14, in relation to the crossed threshold one week ago.

Lindsell Train's total voting rights attached to shares in Celtic PLC have decreased to 15.70 percent, representing 16,902,971 voting rights.

This is a decrease from the previous notification of 16.39 percent.

Celtic's majority shareholder remains Dermot Desmond, who essentially acquired control of the club in 1999 when he bought Fergus McCann's remaining stake.

 

Interested to know who they've sold them to

 

Probably never find out.. unless it was a single investor who took their ownership over 3% .. i think..

Likely just managing their portfolio im no expert tho

 

Hoping it was to the trust but probably unlikely

 

Interesting timing for this move although in the context of the percentage of Celtic shares they own it does not seem to be a major move at least not now.

 

Interesting that they own 15% of the shares. By no means a small number.
Considering they also have a decent slice in Juventus, a club much more "modern" and "world class" than us, you'd wonder if they're happy with the direction of the club itself and how we are operated.

Never gonna hear from them or get any sort of clarity on their reasoning for having shares in Celtic, but still interesting.

Sent from my Pixel 9 Pro XL using Tapatalk

 

I don't think they sold them to anyone, and were just taking profits to keep or possibly reallocate to somthing else. The clubs share price saw a fluctuation yesterday as a result of this news.