Halfords Group PLC Announces Major Stake Acquisition by Flat Footed LLC

Halfords Group PLC (HFD) has disclosed a notable change in its ownership structure, as revealed by a regulatory announcement made on March 5, 2024. The notification, concerning major shareholdings, indicates Flat Footed LLC has acquired a significant financial interest in the company.

The document details an acquisition or disposal of financial instruments by Flat Footed LLC, leading to a change in the breakdown of voting rights within Halfords Group PLC. Following the transaction completed on February 28, 2024, Flat Footed LLC now holds 5.15% of the voting rights, corresponding to 11,268,805 voting rights, through financial instruments, specifically equity swaps with cash settlement.

Flat Footed LLC, based in Wilson, United States, and managed by Marc Andersen, its Managing Member, has clarified its position regarding the ownership of the shares. The organization stated that the shares are managed on a discretionary basis by Flat Footed LLC for GP Recovery Fund LLC and FF Hybrid, LP, and disclaimed beneficial ownership of the shares.