SCHEDULE 13G/A: Orbis Investment Management and Allan Gray Australia Disclose 11.6% Stake in Sendas Distributor S.A.
Beneficial Ownership Disclosure
Orbis Investment Management Ltd. and Allan Gray Australia Pty Ltd. have jointly disclosed a combined beneficial ownership of 11.6% in Sendas Distributor S.A. as of December 31, 2024.
Summary
- Orbis Investment Management Ltd. and Allan Gray Australia Pty Ltd. (collectively, the "Reporting Persons") have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Sendas Distributor S.A.
- As of December 31, 2024, the Reporting Persons collectively beneficially own 156,929,153 shares of Sendas Distributor S.A., which represents 11.6% of the class of securities.
- This aggregate amount includes 122,492,883 Common Shares and 6,887,254 American Depositary Shares (ADSs), with each ADS representing 5 Common Shares.
- Orbis Investment Management Ltd. holds sole voting and dispositive power over 156,625,672 shares (122,189,402 Common Shares and 6,887,254 ADSs representing 34,436,270 Common Shares).
- Allan Gray Australia Pty Ltd. holds sole voting and dispositive power over 303,481 shares.
- Both entities are classified as Non-U.S. institutions equivalent to Investment Advisers.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Disclosure of significant institutional ownership provides transparency regarding the investor base.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date) |
| 02/14/2025 | Filing date of Amendment No. 3 to Schedule 13G |
Keywords
Sendas Distributor S.A., ORBIS INVESTMENT MANAGEMENT LTD, Allan Gray Australia Pty Ltd, Schedule 13G, Beneficial Ownership, Common Shares, American Depositary Shares, ADS, Investment Management, Financial Institution, Brazil
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