Significant Shareholders13 Feb 2023 17:18
The ‘Significant Shareholder’ section of the N Brown website has been updated as of Friday 10th Feb.:
Lord David Alliance of Manchester CBE, Lady Homa Alliance and Joshua Alliance - 50.07%
Frasers Group plc - 17.88%
Nigel Alliance OBE - 6.92%
Joshua Senior - 3.35%
Hargreaves Lansdown plc - 3.34%
I noticed in the Takeover Code, under Rule 9, it states that if a person, or party, acquires 50% or more of a company that holds control over another company, then that person is deemed to have acquired control over both companies.
Interestingly, one of N Brown’s few active subsidiaries is JDW Finance…is this perhaps what the family have been trying to keep from Frasers’ reach..?
Whatever the aim, it seems to imply that David, Homa & Joshua Jr are in fact acting with a joint interest.