Holiday group Saga's chairman boosts stake to 27% in company
April 11 (Reuters) - British holiday group Saga's (SAGA.L), opens new tab biggest shareholder, chairman Roger De Haan, has raised his stake to 27%, a filing showed on Friday.
De Haan, the son of Saga founder Sidney De Haan, previously served as CEO, then sold the company in 2004.
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
He returned to the firm as non-executive chairman in 2020 and announced plans to invest up to 100 million pounds in Saga, representing a 26.40% stake, according to a regulatory filing published in October 2020.
Saga focuses on providing travel and insurance services to people over the age of 50. A regulatory filing from June 2024 showed that Dubai-based investor Eldose Babu had taken an 8% stake, making him Saga's second-largest shareholder.
Saga has been taking steps to return its core focus to travel as it navigates a year in which it expects costs to rise.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South Wales Argus
14 minutes ago
- South Wales Argus
Royal Mint rare 20p sells for 622 times face value on eBay
The coin carries an error as a result of a weak strike during the minting process that makes it extremely valuable for collectors. Described as 'very nice and interesting' coin, the 20p piece inspired a mini bidding war amid collectors, prior to selling for almost £125. The description of the listing on eBay said: 'Striking machines are set so that the dies have a limited travel, this is done to stop the dies crashing into each other in the absence of a coin. 'It's my understanding that this coin was struck on a badly set machine, or a trial piece used in set up. 'Only the higher raised detail of the dies connected, which make the lower details of the coin. Therefore, lower fields are shiny and well formed, but raised detail is absent. 'These higher unstruck areas show the correct dull and marked finish of a pre struck coin as a result of the polishing process. 'The coin clearly shows the round nature of 20p blanks prior to being struck. A very nice and interesting error coin indeed.' The coin collected 13 bids, before selling for 622 times its face value for £124.48. Five incredibly rare and valuable British coins What makes a coin valuable? The 50 pence piece has become the most valued and collected coin in the UK, with many collectable designs appearing on its heptagonal canvas. Its 27.5mm diameter makes it the largest of any British coin, and allows space for decorative pictures. It has often been used to celebrate big events over the past 50 years of British history. The rarest coins tend to be of the greatest value, with the mintage (number of coins with each design made) being the fundamental attraction for collectors. Along with the design, other aspects of the coin which increase value are the condition of the coin and whether it has an error in its design. The way in which it is sold can also determine the coin's value - while some coin collectors will bid vast amounts of money on eBay or at auction, others opt for more robust valuations by selling via a coin dealer.
Rhyl Journal
15 minutes ago
- Rhyl Journal
Royal Mint rare 20p sells for 622 times face value on eBay
The coin carries an error as a result of a weak strike during the minting process that makes it extremely valuable for collectors. Described as 'very nice and interesting' coin, the 20p piece inspired a mini bidding war amid collectors, prior to selling for almost £125. The description of the listing on eBay said: 'Striking machines are set so that the dies have a limited travel, this is done to stop the dies crashing into each other in the absence of a coin. 'It's my understanding that this coin was struck on a badly set machine, or a trial piece used in set up. 'Only the higher raised detail of the dies connected, which make the lower details of the coin. Therefore, lower fields are shiny and well formed, but raised detail is absent. 'These higher unstruck areas show the correct dull and marked finish of a pre struck coin as a result of the polishing process. 'The coin clearly shows the round nature of 20p blanks prior to being struck. A very nice and interesting error coin indeed.' The coin collected 13 bids, before selling for 622 times its face value for £124.48. The 50 pence piece has become the most valued and collected coin in the UK, with many collectable designs appearing on its heptagonal canvas. Its 27.5mm diameter makes it the largest of any British coin, and allows space for decorative pictures. It has often been used to celebrate big events over the past 50 years of British history. The rarest coins tend to be of the greatest value, with the mintage (number of coins with each design made) being the fundamental attraction for collectors. Along with the design, other aspects of the coin which increase value are the condition of the coin and whether it has an error in its design. The way in which it is sold can also determine the coin's value - while some coin collectors will bid vast amounts of money on eBay or at auction, others opt for more robust valuations by selling via a coin dealer.
Glasgow Times
15 minutes ago
- Glasgow Times
Royal Mint rare 20p sells for 622 times face value on eBay
The coin carries an error as a result of a weak strike during the minting process that makes it extremely valuable for collectors. Described as 'very nice and interesting' coin, the 20p piece inspired a mini bidding war amid collectors, prior to selling for almost £125. The description of the listing on eBay said: 'Striking machines are set so that the dies have a limited travel, this is done to stop the dies crashing into each other in the absence of a coin. 'It's my understanding that this coin was struck on a badly set machine, or a trial piece used in set up. 'Only the higher raised detail of the dies connected, which make the lower details of the coin. Therefore, lower fields are shiny and well formed, but raised detail is absent. 'These higher unstruck areas show the correct dull and marked finish of a pre struck coin as a result of the polishing process. 'The coin clearly shows the round nature of 20p blanks prior to being struck. A very nice and interesting error coin indeed.' The coin collected 13 bids, before selling for 622 times its face value for £124.48. Five incredibly rare and valuable British coins What makes a coin valuable? The 50 pence piece has become the most valued and collected coin in the UK, with many collectable designs appearing on its heptagonal canvas. Its 27.5mm diameter makes it the largest of any British coin, and allows space for decorative pictures. It has often been used to celebrate big events over the past 50 years of British history. The rarest coins tend to be of the greatest value, with the mintage (number of coins with each design made) being the fundamental attraction for collectors. Along with the design, other aspects of the coin which increase value are the condition of the coin and whether it has an error in its design. The way in which it is sold can also determine the coin's value - while some coin collectors will bid vast amounts of money on eBay or at auction, others opt for more robust valuations by selling via a coin dealer.
