Cevian Capital Discloses Stake in Smith & Nephew

TL;DR

Cevian Capital is now a disclosed holder in Smith & Nephew. Watch this space.

AI Summary

Cevian Capital II GP Limited, through its filing on July 9, 2024, disclosed its beneficial ownership of Smith & Nephew PLC ordinary shares. The filing indicates a significant stake, though specific dollar amounts and exact share counts are not detailed in this summary section of the filing.

Why It Matters

This filing signals a significant investor's interest in Smith & Nephew PLC, potentially influencing the company's strategic direction or market valuation.

Risk Assessment

Risk Level: medium — The filing indicates a substantial investor's interest, which could lead to activist actions or strategic shifts, introducing potential volatility.

Key Players & Entities

• Cevian Capital II GP Limited (company) — Filing entity
• Smith & Nephew PLC (company) — Subject company
• Norma O’Sullivan (person) — Contact person for Cevian Capital
• Schulte Roth & Zabel LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $561,244,640 — kerage commission) of approximately USD $561,244,640. The Master Fund funded these purchases
• $1.27615 — Schedule 13D, a conversion rate of USD $1.27615 for each GBP 1.00 was used. Item 4.

Filing Documents

• p24-2324sc13d.htm (SC 13D) — 61KB
• 0000902664-24-004633.txt ( ) — 63KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: July 9, 2024 CEVIAN CAPITAL II GP LIMITED By: /s/ Norma O'Sullivan Name:Norma O'Sullivan Title:Director Schedule A GENERAL PARTNERS, CONTROL PERSONS, DIRECTORS AND EXECUTIVE OFFICERS OF THE REPORTING PERSON The following sets forth the name, position, address, principal occupation and citizenship of each general partner, control person, director and/or executive officer of the Reporting Person (the " Instruction C Persons "). To the best of the Reporting Person's knowledge, (i) none of the Instruction C Persons during the last five years has been convicted in a criminal proceeding (excluding traffic violations or other similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws and (ii) none of the Instruction C Persons owns any Ordinary Shares or is party to any contract or agreement as would require disclosure in this Schedule 13D. CEVIAN CAPITAL II GP LIMITED Name Position Citizenship Present Principal Occupation Director Jersey Cevian Jersey Managing Director Capital House 8 Church Street St. Helier, Jersey JE2 3NN Ronald M. Cacciola Director USA Sole Proprietor, Snowden Management LLC 252 Snowden Lane, Princeton, New Jersey, 08450-3650, USA W. Dexter Paine, III Director USA Partner – Paine Schwartz Partners LLC 610 Broadway, 3rd Floor, New York, NY 10012, USA James Bryant Director Jersey Director – Highvern Fund Administrators Limited Whiteley Chambers D

View Full Filing

View this SC 13D filing on SEC EDGAR