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Frasers Group Announces Release of Share Pledge by MASH Beta Ltd

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Frasers Group Announces Release of Share Pledge by MASH Beta Ltd

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An update from Frasers Group ( (GB:FRAS) ) is now available.

Frasers Group PLC has announced that MASH Beta Ltd, a company associated with Mike Ashley, has released a pledge over 26,561,540 Ordinary Shares, which constitutes approximately 5.90% of the company’s issued share capital. Despite this release, there is no change in Mike Ashley’s beneficial shareholding, as he retains interest and voting rights in 330,069,000 Ordinary Shares, representing about 73.30% of the company’s share capital. This transaction does not alter the beneficial ownership of the shares, indicating stability in the company’s shareholder structure.

The most recent analyst rating on (GB:FRAS) stock is a Buy with a £1100.00 price target. To see the full list of analyst forecasts on Frasers Group stock, see the GB:FRAS Stock Forecast page.

Spark’s Take on GB:FRAS Stock

According to Spark, TipRanks’ AI Analyst, GB:FRAS is a Neutral.

Frasers Group’s overall score reflects its financial stability and strategic growth initiatives. The solid cash flow and undervaluation are significant strengths. The company’s expansion efforts are promising, though the halted acquisition introduces some risk. Technical analysis suggests caution due to overbought indicators.

To see Spark’s full report on GB:FRAS stock, click here.

More about Frasers Group

Frasers Group PLC operates in the retail industry, focusing on a diverse range of products including sports goods, clothing, and lifestyle products. The company is known for its extensive market presence and ownership of several well-known retail brands.

Average Trading Volume: 236,853

Technical Sentiment Signal: Buy

Current Market Cap: £3.07B

Find detailed analytics on FRAS stock on TipRanks’ Stock Analysis page.

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