Shaftesbury shareholder Samuel Tak Lee increases stake to 20.13%
23 JUN 2017
Shaftesbury [LON:SHB] shareholder Samuel Tak Lee has increased his stake in the UK-based property company to 20.13%. The stake building was disclosed in a TR-1 stock exchange announcement on Thursday, 23 June.
Shaftesbury’s market capitalisation stood at GBP 2.70bn (EUR 3.07bn) at the close of trading in London on Thursday.
A market report in The Times on 3 June, noting that Lee had on 1 June increased his stake in Shaftesbury to more than 19%, said the stake building prompted speculation of a takeover of Shaftesbury.
Lee is Shaftesbury’s biggest shareholder and the Hong Kong-based private investor unsuccessfully tried to acquire the business in the 1990s, the item said.