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RMG Royal Mail Plc

207.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Royal Mail Plc LSE:RMG London Ordinary Share GB00BDVZYZ77 Royal Mail Plc
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 207.00 206.00 206.30 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

International Distribution Services Faces No Further U.K. National Security Action

31/10/2022 8:17am

Dow Jones News


Royal Mail (LSE:RMG)
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From Apr 2022 to Apr 2024

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By Joe Hoppe

 

International Distribution Services PLC said Monday that no further action will be taken against it under the U.K. National Security and Investment Act in relation to Vesa Equity Investment SARL's shareholding.

On Aug. 25, the postal service and courier company--formerly Royal Mail PLC--said the U.K.'s secretary of state for business, energy and industrial strategy reasonably suspected that a process was in progress that could result in Vesa increasing its shareholding above a 25% threshold, and he exercised his call-in power.

International Distribution said Vesa's most recent notification, disclosed on July 19, indicated that it held just over 22% of the total voting rights in the company at that time.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

October 31, 2022 04:02 ET (08:02 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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