Chivers Ltd Reports Partial Option Exercise and Share Settlement in Super Group (SGHC) Ltd

On August 11, 2026, Chivers Limited, Chivers Trust, and Waddle Limited filed an amendment to their Schedule 13D regarding Super Group (SGHC) Ltd. The filing reports that on August 7, 2026, an entity named Knutsson partially exercised a call option for 15,000,000 ordinary shares at an exercise price of $5.20 per share. The parties agreed to a net settlement alternative where Chivers will pay Knutsson $39.5 million in cash and deliver 7,698,229 ordinary shares. This delivery, expected to be completed by December 7, 2026, will reduce the reporting persons' holdings. Currently, the reporting persons beneficially own 94,448,113 ordinary shares, representing approximately 18.6% of the issuer's outstanding stock. Following the settlement, Chivers will retain shared dispositive power over 86,749,884 shares. The reporting persons are based in the Isle of Man, with Merrick Wolman identified as the beneficiary of Chivers Trust. The remaining call and put options under the existing agreement cover 45,000,000 shares.