Summary by Futu AI
Signet Jewelers Limited, a Bermuda exempted company, has filed an amendment to the Schedule 13D with the United States Securities and Exchange Commission, indicating a significant change in ownership by certain reporting persons. The amendment, dated May 22, 2024, reports the repurchase of Series A Convertible Preference Shares by Signet Jewelers from entities associated with Green Equity Investors VI, L.P., and other related parties. As a result of this transaction, the reporting persons' beneficial ownership has fallen below five percent, leading to an exit filing. The conversion of 100,000 Series A Preference Shares was settled in cash for approximately $128 million, based on the volume-weighted average share price of $97.0215 per Common Share. This marks the final amendment to the Schedule 13D for the reporting persons, as they no longer meet the threshold of beneficial ownership requiring further disclosures.