Summary by Moomoo AI
On April 12, 2024, Signet Jewelers Limited filed an amendment to Schedule 13D with the SEC, indicating a significant transaction involving its Series A Convertible Preference Shares. The filing, made by Green Equity Investors VI, L.P. and associated entities, reports a repurchase of certain Series A Preference Shares by Signet Jewelers from the reporting persons. The repurchase transaction was settled in cash for approximately $414 million, based on the volume weighted average share price of $99.34. This transaction resulted in a change in the number of shares held by the reporting entities, which now collectively hold 4,155,976 Common Shares, representing 9.3% of the class. The shares include those issuable upon conversion of Series A Preference Shares and others held for the benefit of Leonard Green & Partners, L.P. and its affiliates. The amendment also details changes to the Certificate of Designation, effective April 1, 2024, which includes provisions for net share settlement on conversion of the Preferred Shares and restrictions on conversion rights.