Frasers Group (GB:FRAS) has released an update.
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Frasers Group PLC has disclosed that MASH Beta Ltd, through which Mike Ashley holds shares, has pledged 26.56 million Ordinary Shares to HSBC Private Bank as security for a derivatives trading facility. This pledge represents approximately 5.90% of the company’s issued share capital. Despite this move, Mike Ashley retains full voting rights and ownership of the shares.
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