MX23RW : Tuesday, December 24 19:28:25| >> :120:5463:5463:

Arsenal majority shareholder Stan Kroenke increases stake in club

Stan Kroenke increases Arsenal stake
© Offside
Majority shareholder Stan Kroenke further increases his stake in Arsenal to 67.09% after acquiring £616,000 worth of shares.

Arsenal majority shareholder Stan Kroenke has purchased a further 22 ordinary shares to increase his stake in the club to 67.09%.

The 70-year-old paid £28,000 per share through his KSE UK Inc company and now controls 41,743 shares in all.

A statement from the London Stock Exchange on Tuesday afternoon confirmed the £616,000 acquisition, increasing Kroenke's share in the Gunners by 0.04%.

"On January 23 2018, Arsenal Holdings plc (the "Company") received notification that on January 22 2018, KSE UK Inc, wholly owned by Stanley Kroenke, a director of the Company, acquired 22 ordinary shares of GBP1.00 each in the company at a price of GBP28,000 per share," the statement read.

"Taking into account such acquisition, KSE UK Inc, wholly owned by Stanley Kroenke, has a beneficial interest in, and controls voting rights over, 41,743 ordinary shares in the Company, representing 67.09% of the Company's issued ordinary shares."

Kroenke, who rejected the chance to sell shares to minority owner Alisher Usmanov last year, now has a valued stake of nearly £1.17bn.

ID:316912: cacheID:316912:1false2false3false:QQ:: from db desktop :LenBod:restore:2057:
Written by
Daniel Lewis
Restore Data
Share this article now:
Arsenal's Russian shareholder Alisher Usmanov looks on before the English Premier League football match between Tottenham Hotspur and Arsenal at White Hart Lane in north London on March 3, 2013
Read Next:
Usmanov: 'I'm not selling Arsenal shares'
>