tiprankstipranks
Trending News
More News >

Spruce House Increases Stake in Victoria PLC via Financial Instruments

Story Highlights
Spruce House Increases Stake in Victoria PLC via Financial Instruments

Confident Investing Starts Here:

The latest announcement is out from Victoria ( (GB:VCP) ).

Victoria PLC has announced a significant change in its shareholder structure, with Spruce House Investment Management LLC acquiring a substantial number of voting rights through financial instruments. This move results in Spruce House now holding 3.841808% of voting rights in Victoria PLC, up from their previous 0.843791%. The acquisition involves a Total Return Swap that references Victoria PLC’s shares, indicating a strategic financial maneuver by Spruce House that could impact the company’s governance and market perception.

More about Victoria

YTD Price Performance: -84.14%

Average Trading Volume: 1,595,837

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £54.75M

Learn more about VCP stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1