UPDATE: Teleios Capital Shows New 5.7% Stake in SodaStream (SODA), Enters Dialogue With Management

November 18, 2016 1:29 PM EST

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(Updated - November 18, 2016 1:37 PM EST)

(Update corrects name of fund)

In a 13D filing on SODASTREAM INTL (NASDAQ: SODA), hedge fund Teleios disclosed a 5.7%, or 1,198,758 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending September 30, 2016.

Teleios entered a dialogue with management.

From the filing:

The Shares held by the Reporting Persons were acquired for investment purposes in the ordinary course of the Reporting Persons' investment activities.
The Reporting Persons have entered into a dialogue with the Issuer's management and will seek to increase shareholder value by entering into future dialogue with the Issuer's management regarding its current board composition and corporate governance, and may explore ways in which the board's capabilities and collective expertise can be further enhanced.
Except as otherwise set forth herein, the Reporting Persons do not have any present plans or proposals which would relate to, or result in, the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D.
The Reporting Persons reserve the right, at a later date, to effect one or more of such changes or transactions in the number of Shares they may be deemed to beneficially own.

For more notable holders of SODASTREAM INTL stock click here.

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