SCHEDULE 13G/A: Orbis Investment Management and Allan Gray Australia Disclose 6.6% Passive Stake in IMAX Corp
Beneficial Ownership Report (Schedule 13G Amendment)
Orbis Investment Management Ltd. and Allan Gray Australia Pty Ltd. have jointly disclosed a combined 6.6% beneficial ownership stake in IMAX Corp. common stock as of December 31, 2024, held for investment purposes.
Summary
- Orbis Investment Management Ltd. and Allan Gray Australia Pty Ltd. (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of IMAX Corp. common stock.
- As of December 31, 2024, the Reporting Persons collectively beneficially own 3,457,685 shares of IMAX Corp. common stock.
- This aggregate ownership represents 6.6% of the class of IMAX Corp. common stock.
- Orbis Investment Management Ltd. holds the vast majority of the stake with 3,450,750 shares, representing 6.6% of the class.
- Allan Gray Australia Pty Ltd. holds 6,935 shares, which rounds to 0% of the class.
- Both entities are classified as Non-U.S. Institutions (FI) equivalent to Investment Advisers (IA).
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of IMAX Corp.
Sentiment
Score: 6
Explanation: The document is a routine beneficial ownership filing, indicating a significant but passive institutional stake. This is generally neutral but leans slightly positive as it shows continued institutional interest without any negative activist intent.
Positives
- Significant beneficial ownership by institutional investors (Orbis Investment Management Ltd. and Allan Gray Australia Pty Ltd.) indicates confidence in IMAX Corp.
- The stake is held for investment purposes in the ordinary course of business, suggesting a passive, long-term view rather than activist intent.
Future Outlook
NA
Industry Context
This filing is specific to an investor's stake in IMAX Corp. and does not provide broader industry context.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling investor confidence.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 02/14/2025 | Date of filing of the Schedule 13G Amendment No. 1. |
Keywords
IMAX Corp, IMAX, Common Stock, Schedule 13G, Beneficial Ownership, Institutional Investor, Orbis Investment Management, Allan Gray Australia, SEC Filing, Investment Management, Passive Investment
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