SCHEDULE: Millennium Group Reduces Indivior PLC Stake Below 5%

Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander have reported a decrease in their beneficial ownership of Indivior PLC ordinary shares to 2.0%.

Summary

• Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander are the reporting persons for this Schedule 13G filing.
• The filing concerns their beneficial ownership of Ordinary Shares, $0.50 nominal value per share, of Indivior PLC.
• As of the filing date, the aggregate amount beneficially owned by each reporting person is 2,461,370 shares, representing 2.0% of the class.
• The reporting persons acquired beneficial ownership of more than 5% of the outstanding Ordinary Shares on December 15, 2025, but ceased to be beneficial owners of more than 5% by the filing date.
• All beneficially owned shares are held with shared voting power and shared dispositive power.
• The securities were not acquired and are not held for the purpose of changing or influencing the control of Indivior PLC.

Sentiment

Score: 5

Explanation: This is a routine compliance filing reporting a change in institutional ownership below a regulatory threshold. It provides no new information regarding Indivior PLC's operational performance or financial health, thus having a neutral sentiment.

Positives

• The filing is a routine compliance update, indicating adherence to SEC disclosure requirements by the reporting entities.

Negatives

• The reporting persons reduced their beneficial ownership below the 5% threshold, which could be interpreted by some investors as a reduction in conviction or profit-taking, though the filing does not provide reasons for the change.

Risks

• The filing certifies 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, mitigating potential control-related risks from this specific investor group.

Future Outlook

The reporting persons have certified that their investment in Indivior PLC is passive and not intended to change or influence the control of the issuer.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not 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 §§ 240.14a-11."

Industry Context

Schedule 13G filings are standard disclosures for institutional investors whose beneficial ownership of a public company's stock crosses or falls below certain thresholds (typically 5%), indicating a passive investment intent rather than an attempt to influence management or control.

Stakeholder Impact

• Shareholders of Indivior PLC will note the change in beneficial ownership by Millennium Management LLC and related entities, indicating a reduction in their stake below the 5% reporting threshold.

Key Dates

Recommendation

The filing is a routine Schedule 13G indicating that Millennium Management LLC and related entities have reduced their beneficial ownership in Indivior PLC to 2.0%, falling below the 5% reporting threshold. This is a passive investment disclosure and does not provide new information regarding Indivior PLC's operational performance, financial health, or strategic direction. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Indivior PLC, Millennium Management, Schedule 13G, beneficial ownership, ordinary shares, institutional investment, stake reduction