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Cevian-controlled funds now hold 10.1% of Smith & Nephew (NYSE: SNN) voting rights
Funds controlled by Cevian Capital II G.P. Limited have significantly increased their stake in Smith & Nephew (NYSE: SNN), now holding 10.094356% of its voting rights, up from 5.021046%. This move, disclosed in a Form 6-K filing, establishes Cevian as a major shareholder with 85,790,848 voting rights, potentially increasing their influence in governance matters. The shares are legally held by Aurora Nominees Limited on behalf of UBS AG as custodian.