Weekly Recap: Cevian 13.1% stake in SN and 150k SN shares to list

Cevian Capital boosted its stake in Smith & Nephew plc Sponsored ADR (LSE:SN.) to roughly 13.1% after buying 9.76M ADRs in early June, as the company prepares to list 150,000 ordinary shares on the London Stock Exchange on July 6 to settle employee awards.

Previous Week Recap

• Cevian Increases Smith & Nephew Stake: Cevian Capital II raised its stake in Smith & Nephew plc (SN) to 110,804,501 ADRs, about 13.1% outstanding, buying 9,757,713 shares from June 4–24 at $14.76–$15.15 each.
• Smith & Nephew Lists 150k Shares: Smith & Nephew (SN.) applied to list 150,000 ordinary shares on the London Stock Exchange for trading on July 6, 2026; shares will settle employee share awards and rank equal to existing shares.

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