Lindsell Train Holds 6.7% of Manchester United Shares

TL;DR

**Lindsell Train still owns 6.7% of Manchester United, a key institutional holding.**

AI Summary

Lindsell Train Limited, a UK-based investment firm, filed an amended Schedule 13G/A on February 7, 2024, indicating a change in their beneficial ownership of Manchester United plc Class A ordinary shares. As of December 29, 2023, Lindsell Train Limited reported shared voting and dispositive power over 11,099,176 shares, representing 6.7% of the company's Class A ordinary shares. This filing is an update to their previous disclosures, showing their continued significant, though slightly reduced, stake in the football club.

Why It Matters

This filing shows that a major institutional investor, Lindsell Train, continues to hold a significant stake in Manchester United, which can influence stock stability and investor confidence. A large institutional holding suggests a belief in the company's long-term value, but any future changes could impact the stock price.

Risk Assessment

Risk Level: low — This filing is an update on an existing significant stake, not a new position or a complete divestment, indicating relative stability.

Analyst Insight

Investors should note Lindsell Train's continued significant stake as a sign of institutional confidence, but also monitor future 13G/A filings for any substantial changes in their position, which could signal a shift in their investment thesis.

Key Numbers

• 11,099,176 — Class A ordinary shares (Represents the total number of shares Lindsell Train Limited has shared voting and dispositive power over.)
• 6.7% — Percentage of Class A shares (Indicates Lindsell Train Limited's significant ownership stake in Manchester United plc.)
• December 29, 2023 — Date of Event (The specific date that triggered the requirement for this amendment filing.)

Key Players & Entities

• Lindsell Train Limited (company) — the reporting person and investment firm
• Manchester United plc (company) — the subject company whose shares are being reported
• 11,099,176 (dollar_amount) — number of Class A ordinary shares beneficially owned
• 6.7% (dollar_amount) — percentage of Class A ordinary shares beneficially owned
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Lindsell Train Limited will maintain a significant, but potentially fluctuating, stake in Manchester United plc. (Lindsell Train Limited) — medium confidence, target: Next 12 months

FAQ

Key Financial Figures

• $0.0005 — r) Class A ordinary shares, par value $0.0005 per share (Title of Class of Securiti

Filing Documents

• lindsell-manu122923a9.htm (SC 13G/A) — 117KB
• 0001172661-24-000519.txt ( ) — 118KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Manchester United Plc.

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices Sir Matt Busby Way, Old Trafford Manchester M16 0RA United Kingdom

(a, b, c)Names of Person Filing, Address

Item 2. (a, b, c)Names of Person Filing, Address of Principal Business Office, Citizenship: (a) This Schedule 13G/A is being jointly filed by Lindsell Train Limited ("the Manager"), a corporation organized under the laws of England and Wales, United Kingdom, Mr. Michael James Lindsell and Mr. Nicholas John Train with respect to the ownership of shares of Ordinary Shares of the Issuer by several separately managed accounts over which the Manager has investment discretion and voting power ("the Managed Accounts"). The Manager and Messrs. Lindsell and Train are collectively referred to in this Schedule 13G/A as the Reporting Persons. (b) The address of the principal business office of the Manager and Messrs. Lindsell and Train is 66 Buckingham Gate, London SWIE 6AU, United Kingdom. (c) The Manager is a corporation organized under the laws of England and Wales, the United Kingdom. Messrs. Lindsell and Train are citizens of the United Kingdom.

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Class A ordinary shares, par value $0.0005 per share (the “Ordinary Shares”)

(e) CUSIP No

Item 2. (e) CUSIP No.: G5784H106 CUSIP No. G5784H106 SCHEDULE 13G/A Page 6 of 10 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. G5784H106 SCHEDULE 13G/A Page 7 of 10 Pages Item 4.Ownership* Lindsell Train Limited (a) Amount Beneficially Owned: 11,099,176* (b) Percent of class: 20.32% (c) Number of shares as to which the person has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or direct the vote: 11,099,176* (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 11,099,176* B. Michael James Lindsell (a) Amount Beneficially Owned: 11,099,176* (b) Percent of class: 20.32% (c) Number of shares as to which the person has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or direct the vote: 11,099,1

View Full Filing

View this SC 13G/A filing on SEC EDGAR