Tetragon Financial Management (TFM), a Guernsey-domiciled hedge fund firm, has raised its stake in Ashcourt Rowan to nearly 9.9%.
TFM which held just under 5% in Ashcourt prior the placing, lifted its stake in the firm to 2,570,185 ordinary shares following a transaction dated on 17 December, increasing its position beyond 7%. This was followed by a purchase of around one million shares on 20 December, taking its stake to 9.9%.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
TFM has purchased the stake through its Tetragon Financial Group Master fund.
Furthermore, TFM holds 10.69% in total return swaps relating to Ashcourt’s ordinary shares, given the firm 20.59% of voting rights.
This move follows the recent news that Ashcourt Rowan has acquired UKWM in December last year and placed around 8.25 million shares at 185p in a bid to raise £15.3 million.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
