GETCO Holding Takes New Knight Capital Group (KCG) Stake Equal to 37.4%

August 16, 2012 1:41 PM EDT
In a 13D filing on Knight Capital Group (NYSE: KCG), hedge fund GETCO Holding Co. disclosed a 37.4%, or 58,334,429 share, stake in the company.

The stake reflects 1,067 shares of Class A Common Stock and 58,333,362 shares of Class A Common Stock issuable upon conversion of the Issuer’s Series A-1 and Series A-2 Convertible Preferred Stock.

The firm did not hold shares at the end of the latest quarter ending June 30, 2012.

In the 13D filing, GETCO states: "In accordance with the terms of the Purchase Agreement among the Issuer, GSI and the investors party thereto (described below), the Issuer agreed to appoint three new members to its board of directors within one month following the closing of the transaction, including one representative selected by General Atlantic, an investor in Getco Holding, and two representatives selected or approved by other investors party to the Purchase Agreement. General Atlantic will be entitled to select a representative on the Board so long as GSI holds at least 25% of the Series A-1 Shares and Series A-2 Shares purchased by GSI pursuant to the Purchase Agreement."

For more notable holders of Knight Capital Group stock click here.

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