[SCHEDULE 13G] BRP Inc. Common Subordinate Voting Shares SEC Filing
Goldman Sachs Group and its affiliate Goldman Sachs & Co. LLC report beneficial ownership of 1,979,267.41 subordinate voting shares of BRP Inc., representing 5.7% of the class. The cover pages show shared voting power and shared dispositive power over the reported shares rather than sole control. The filing includes a joint filing agreement and an exhibit identifying Goldman Sachs as a subsidiary broker-dealer and registered investment adviser of the GS Group. A certification states the holdings are held in the ordinary course of business and not to influence control of the issuer.
Goldman Sachs Group e la sua affiliata Goldman Sachs & Co. LLC dichiarano la titolarit脿 beneficiaria di 1.979.267,41 azioni subordinate con diritto di voto di BRP Inc., rappresentanti 5,7% della classe. Le pagine di copertina indicano il potere di voto congiunto e il potere dispositivo condiviso sulle azioni segnalate, anzich茅 il controllo esclusivo. La registrazione include un accordo di presentazione congiunta e un allegato che identifica Goldman Sachs come broker-dealer controllato e consulente d'investimento registrato del GS Group. Una certificazione dichiara che le partecipazioni sono detenute nel normale corso degli affari e non per influenzare il controllo dell'emittente.
Goldman Sachs Group y su filial Goldman Sachs & Co. LLC informan la propiedad beneficiaria de 1.979.267,41 acciones subordinadas con derecho a voto de BRP Inc., que representan 5,7% de la clase. Las p谩ginas de portada muestran poder de voto compartido y poder dispositivo compartido sobre las acciones informadas en lugar de control exclusivo. La presentaci贸n incluye un acuerdo de presentaci贸n conjunta y un anexo que identifica a Goldman Sachs como broker-dealer subsidiario y asesor de inversiones registrado del GS Group. Una certificaci贸n indica que las participaciones se mantienen en el curso ordinario del negocio y no para influir en el control del emisor.
Goldman Sachs Group鞕� 攴� 瓿勳棿靷� Goldman Sachs & Co. LLC電� BRP Inc.鞚� 膦呾啀 鞚橁舶甓� 欤检嫕 1,979,267.41欤检潣 鞁れ鞝� 靻岇湢毳� 氤搓碃頄堨溂氅�, 鞚措姅 頃措嫻 膦呺鞚� 5.7%鞐� 頃措嫻頃╇媹雼�. 響滌 韼橃澊歆�鞐愲姅 氤搓碃霅� 欤检嫕鞐� 雽�頃� 雼弲 韱奠牅臧� 鞎勲媽 瓿惦彊 鞚橁舶甓� 氚� 瓿惦彊 觳橂秳 甓岉暅鞚� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 瓿惦彊 鞝滌稖 瓿勳暯靹滌檧 Goldman Sachs毳� GS Group鞚� 瓿勳棿 敫岆旎�-霐滊煬鞚挫瀽 霌彪霅� 韴瀽鞛愲靷 鞁濍硠頃橂姅 歃濍箼鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞚胳靹滌棎電� 氤挫湢臧� 氚滍枆鞚胳潣 韱奠牅鞐� 鞓來枼鞚� 氙胳箻旮� 鞙勴暅 瓴冹澊 鞎勲媹霛� 鞓侅梾鞚� 韱奠儊鞝� 氩旍渼 雮�鞐愳劀 氤挫湢霅橁碃 鞛堧嫟瓿� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
Goldman Sachs Group et sa filiale Goldman Sachs & Co. LLC d茅clarent la propri茅t茅 b茅n茅ficiaire de 1 979 267,41 actions subordonn茅es avec droit de vote de BRP Inc., repr茅sentant 5,7% de la cat茅gorie. Les pages de couverture indiquent un pouvoir de vote partag茅 et un pouvoir dispositif partag茅 sur les actions d茅clar茅es plut么t qu'un contr么le exclusif. Le d茅p么t comprend un accord de d茅p么t conjoint et une pi猫ce qui identifie Goldman Sachs comme broker-dealer filiale et conseiller en investissement enregistr茅 du GS Group. Une certification pr茅cise que les avoirs sont d茅tenus dans le cours normal des affaires et non dans le but d'influencer le contr么le de l'茅metteur.
Goldman Sachs Group und seine Tochtergesellschaft Goldman Sachs & Co. LLC melden wirtschaftliches Eigentum an 1.979.267,41 nachrangigen stimmberechtigten Aktien von BRP Inc., was 5,7% der Klasse entspricht. Die Deckseiten weisen auf gemeinsames Stimmrecht und gemeinsame Verf眉gungsgewalt 眉ber die gemeldeten Aktien hin, statt auf alleinige Kontrolle. Die Einreichung enth盲lt eine Vereinbarung zur gemeinsamen Einreichung und einen Anhang, der Goldman Sachs als Tochter-Broker-Dealer und als registrierten Anlageberater der GS Group ausweist. Eine Bescheinigung erkl盲rt, dass die Best盲nde im 眉blichen Gesch盲ftsverkehr gehalten werden und nicht dazu dienen, die Kontrolle 眉ber den Emittenten zu beeinflussen.
- Beneficial ownership of 1,979,267.41 shares representing 5.7% of BRP's subordinate voting class is a material, clearly disclosed stake
- Certification of ordinary-course holdings and use of Schedule 13G indicate the position is reported as passive rather than as an attempt to influence control
- None.
Insights
TL;DR: Goldman Sachs reports a passive 5.7% stake (1.98M shares) in BRP, material in size but reported as non-control, shared authority noted.
The Schedule 13G discloses 1,979,267.41 subordinate voting shares, equal to 5.7% of the class, with both shared voting and shared dispositive power. The filing includes a certification that the position is held in the ordinary course of business and not for the purpose of influencing control, and a joint filing agreement between The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. Given the explicit certification and the 13G form, this is a passive ownership disclosure with limited immediate governance implications for BRP.
TL;DR: Joint filing and exhibit show parent/subsidiary reporting; shared authority and the ordinary-course certification lower the likelihood this stake is a control attempt.
The filing identifies The Goldman Sachs Group, Inc. (reported as a parent holding company) and Goldman Sachs & Co. LLC (the subsidiary broker-dealer and registered investment adviser) and attaches a joint filing agreement. Reported descriptors include types such as HC, CO for the parent and BD, OO, IA for the affiliate. The combination of joint filing, shared voting/dispositive power and the Item 10 certification indicates the position is reported as passive rather than part of an activist or control-seeking effort.
Goldman Sachs Group e la sua affiliata Goldman Sachs & Co. LLC dichiarano la titolarit脿 beneficiaria di 1.979.267,41 azioni subordinate con diritto di voto di BRP Inc., rappresentanti 5,7% della classe. Le pagine di copertina indicano il potere di voto congiunto e il potere dispositivo condiviso sulle azioni segnalate, anzich茅 il controllo esclusivo. La registrazione include un accordo di presentazione congiunta e un allegato che identifica Goldman Sachs come broker-dealer controllato e consulente d'investimento registrato del GS Group. Una certificazione dichiara che le partecipazioni sono detenute nel normale corso degli affari e non per influenzare il controllo dell'emittente.
Goldman Sachs Group y su filial Goldman Sachs & Co. LLC informan la propiedad beneficiaria de 1.979.267,41 acciones subordinadas con derecho a voto de BRP Inc., que representan 5,7% de la clase. Las p谩ginas de portada muestran poder de voto compartido y poder dispositivo compartido sobre las acciones informadas en lugar de control exclusivo. La presentaci贸n incluye un acuerdo de presentaci贸n conjunta y un anexo que identifica a Goldman Sachs como broker-dealer subsidiario y asesor de inversiones registrado del GS Group. Una certificaci贸n indica que las participaciones se mantienen en el curso ordinario del negocio y no para influir en el control del emisor.
Goldman Sachs Group鞕� 攴� 瓿勳棿靷� Goldman Sachs & Co. LLC電� BRP Inc.鞚� 膦呾啀 鞚橁舶甓� 欤检嫕 1,979,267.41欤检潣 鞁れ鞝� 靻岇湢毳� 氤搓碃頄堨溂氅�, 鞚措姅 頃措嫻 膦呺鞚� 5.7%鞐� 頃措嫻頃╇媹雼�. 響滌 韼橃澊歆�鞐愲姅 氤搓碃霅� 欤检嫕鞐� 雽�頃� 雼弲 韱奠牅臧� 鞎勲媽 瓿惦彊 鞚橁舶甓� 氚� 瓿惦彊 觳橂秳 甓岉暅鞚� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 瓿惦彊 鞝滌稖 瓿勳暯靹滌檧 Goldman Sachs毳� GS Group鞚� 瓿勳棿 敫岆旎�-霐滊煬鞚挫瀽 霌彪霅� 韴瀽鞛愲靷 鞁濍硠頃橂姅 歃濍箼鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞚胳靹滌棎電� 氤挫湢臧� 氚滍枆鞚胳潣 韱奠牅鞐� 鞓來枼鞚� 氙胳箻旮� 鞙勴暅 瓴冹澊 鞎勲媹霛� 鞓侅梾鞚� 韱奠儊鞝� 氩旍渼 雮�鞐愳劀 氤挫湢霅橁碃 鞛堧嫟瓿� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
Goldman Sachs Group et sa filiale Goldman Sachs & Co. LLC d茅clarent la propri茅t茅 b茅n茅ficiaire de 1 979 267,41 actions subordonn茅es avec droit de vote de BRP Inc., repr茅sentant 5,7% de la cat茅gorie. Les pages de couverture indiquent un pouvoir de vote partag茅 et un pouvoir dispositif partag茅 sur les actions d茅clar茅es plut么t qu'un contr么le exclusif. Le d茅p么t comprend un accord de d茅p么t conjoint et une pi猫ce qui identifie Goldman Sachs comme broker-dealer filiale et conseiller en investissement enregistr茅 du GS Group. Une certification pr茅cise que les avoirs sont d茅tenus dans le cours normal des affaires et non dans le but d'influencer le contr么le de l'茅metteur.
Goldman Sachs Group und seine Tochtergesellschaft Goldman Sachs & Co. LLC melden wirtschaftliches Eigentum an 1.979.267,41 nachrangigen stimmberechtigten Aktien von BRP Inc., was 5,7% der Klasse entspricht. Die Deckseiten weisen auf gemeinsames Stimmrecht und gemeinsame Verf眉gungsgewalt 眉ber die gemeldeten Aktien hin, statt auf alleinige Kontrolle. Die Einreichung enth盲lt eine Vereinbarung zur gemeinsamen Einreichung und einen Anhang, der Goldman Sachs als Tochter-Broker-Dealer und als registrierten Anlageberater der GS Group ausweist. Eine Bescheinigung erkl盲rt, dass die Best盲nde im 眉blichen Gesch盲ftsverkehr gehalten werden und nicht dazu dienen, die Kontrolle 眉ber den Emittenten zu beeinflussen.
FAQ
How many BRP Inc. (DOOO) subordinate voting shares does Goldman Sachs report?
What percentage of BRP's subordinate voting shares does this represent?
Does the filing indicate Goldman Sachs intends to influence control of BRP (DOOO)?
Who are the reporting persons named in the Schedule 13G?
What voting or dispositive power is reported over these shares?
