Besides Birks, controlling shareholder Jardine Matheson recently raised its stake too. On Jan 17, the Hong Kong-based company acquired 151,700 shares at $28.83 each on the open market, raising its deemed interest to 308.38 million shares, equivalent to just over 78% of Jardine C&C. The last time before this transaction, Jardine Matheson had acquired 99,400 shares on Aug 14, 2023, at $33.31 each.
Benjamin Birks, group managing director of Jardine Cycle & Carriage (SGX:C07
) , has increased his personal stake in the company, which is a subsidiary of the Jardine Matheson conglomerate.
On March 15, Birks acquired 11,000 shares on the open market at $24.31 each. This brings his total stake to 55,000 shares, equivalent to 0.014% of the company. The most recent transaction by Birks was on Aug 2, 2023, when he acquired 19,000 shares at $33.90 each. Birks joined the Jardine group back in 2000 and was appointed the group MD for Jardine C&C on Oct 1, 2019.
