• Goldman Sachs cut its stake below 5% on July 20, holding 12,464,723 shares, equal to 4.94% of capital, 4.11% of voting rights.
• The drop followed an off-market sale of shares.
• Position included 2,213,661 shares via physical instruments such as stock lending, call options, put options, forward.
• Exposure also included 10,043,260 shares via cash-settled derivatives, mainly swaps, futures, warrants, options.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pernod Ricard SA published the original content used to generate this news brief on July 24, 2026, and is solely responsible for the information contained therein.