(Reuters) – British holiday group Saga’s 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.
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.
(Reporting by Yamini Kalia in Bengaluru; Editing by Krishna Chandra Eluri and Kevin Liffey)
