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Inchcape PLC announced on 20 January 2026 that major shareholder Mr George Horesh reorganised his legal entities, including transferring his shares in Union Motors to family members, effective 31 December 2025 after receiving necessary approvals on 15 January 2026. This reorganisation resulted in Mr Horesh (directly or through Union) ceasing to be a major shareholder, with Mr Horesh now holding 7,053,958 shares (1.96%) and Union Motors, no longer owned or controlled by him as of 15 January 2026, holding 8,204,175 shares (2.27%) of Inchcape PLC.
| Date | 20 Jan 2026 |
| Time | 09:10:53 |
| Category | Holding(s) in company |
| ID | 5966P |
Inchcape plc ("Inchcape" or the "Company"), the leading global automotive distributor, announces that one of its major shareholders, Mr George Horesh, has reorganised the holdings in some of his companies, including by way of the transfer of his shares in Union Motors ("Union") to family members. This reorganisation is effective from 31 December 2025 after receiving necessary approvals on 15 January 2026.
As a result of this re-organisation, Mr Horesh (directly or through Union) will cease to be a major shareholder of the Company. Mr Horesh continues to hold 7,053,958 shares in the Company (currently representing approximately 1.96% of the Company's shares in issue). Union continues to hold 8,204,175 shares in the Company (currently representing approximately 2.27% of the Company's shares in issue). Union is, however, no longer owned or controlled by Mr Horesh.
As of 15 January 2026, Union owns 8,204,175 Inchcape shares, equating to approximately 2.27% of the Company's share capital and Mr Horesh owns 7,053,958 Inchcape shares, equating to 1.96% of the Company's share capital.
The relevant TR-1 notification, relating to this re-organisation, will be made to the market today.
Inchcape plc (Investor queries): |
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Rob Gurner |
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+44 (0)7825 189 088 |
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Rachel Masser |
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DGA (media enquiries): |
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James Melville Ross |
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+44 (0)20 7038 7419 |
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James Styles |
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Inchcape is the leading global automotive distributor, with operations across six continents. Inchcape works with our mobility company partners in smaller, more complex and harder-to-reach markets, which tend to be higher growth. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners - building stronger automotive brands and creating sustainable growth.
Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels. Delivering for our partners, our customers and our people - so they can realise their ambitions in the new world of mobility. The Group is headquartered in London and employs over 16,000 people globally.