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.

 

They would need to have moved to someone though unless we had a share issue (which we haven't) that would have diluted their shareholding.

The interesting points are:

a) Who they sold the shares to? Was it Desmond or other existing shareholders? A new shareholder? Or was it outfits like the trust?
b) What was the motivation in them reducing the shareholding? Probably too much of a coincidence with the timing of the unrest? They have dropped their own shareholding by 4% which is not an insignificant amount.

They are passive investors though, 16% is a significant shareholding and enough to exercise influence and perhaps get a person on their board to express their goals and ambitions but they just don't seem bothered. I think we are far better off without them involved as they don't seem to offer us anything.

My only worry is that our current major shareholders - Desmond, Keane, Trainor, Allison etc are actually trying to strengthen their shareholding behind the scenes to solidify their position in the wake of fan unrest and will actively make sure that they can prevent any takeover for other grouping entering the fray which could oppose them and the way they run the club. I fear this is where the shareholding may have gone.

 

Reckon they're taking some profits on their initial investments as they think we've peaked this year financially, biding their time for Rodgers to leave so that the share price will fall and they can buy back more. (the last time they bought shares, was just after he left the first time)