SCHEDULE 13G: Madison Avenue Group Discloses 6% Passive Stake in Indivior PLC
Beneficial Ownership Disclosure (Schedule 13G)
A group of investment entities led by Eli Samaha, collectively known as the Madison Avenue Group, has disclosed a 6% beneficial ownership stake in Indivior PLC, holding 7,438,153 ordinary shares.
Summary
- The filing identifies Madison Avenue International LP, Madison Avenue Partners, LP, EMAI Management, LLC, Madison Avenue GP, LLC, Caraway Jackson Investments LLC, and Eli Samaha as the Reporting Persons.
- These Reporting Persons collectively hold beneficial ownership of 7,438,153 Ordinary Shares of Indivior PLC.
- This ownership represents approximately 6% of Indivior PLC's outstanding Ordinary Shares.
- The percentage is based on 124,655,858 Ordinary Shares outstanding as of March 1, 2025, as disclosed in Indivior PLC's Annual Report on Form 10-K.
- The shares were acquired for passive investment purposes and not with the intent to change or influence the control of Indivior PLC.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing no positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral, compliance-driven filing.
Risks
- The Reporting Persons certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Future Outlook
This document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding Indivior PLC's future performance or outlook.
Management Comments
- Eli Samaha, on behalf of the Reporting Persons, certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Indivior PLC, and were not acquired or held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Industry Context
This filing indicates a significant passive institutional investment in Indivior PLC, a company operating in the pharmaceutical sector. It reflects a routine disclosure of a substantial stake by an investment group.
Stakeholder Impact
- Shareholders: The disclosure informs existing and potential shareholders about a significant passive institutional investor holding a 6% stake in the company.
Next Steps
- The Reporting Persons may file amendments (Schedule 13G/A) if there are material changes to their beneficial ownership or investment intent.
Key Dates
| Date | Description |
|---|---|
| March 1, 2025 | Date as of which Indivior PLC had 124,655,858 Ordinary Shares outstanding, used for percentage calculation. |
| March 3, 2025 | Date Indivior PLC's Annual Report on Form 10-K was filed with the SEC. |
| March 11, 2025 | Date of event which required the filing of this statement. |
| March 18, 2025 | Date the Schedule 13G statement was signed and filed. |
Keywords
Indivior PLC, Schedule 13G, Beneficial Ownership, Madison Avenue International LP, Madison Avenue Partners LP, Institutional Ownership, Passive Investment, Pharmaceuticals, SEC Filing
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