RATIONAL Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 25 shareholders own 16.24% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
4.16%	BlackRock, Inc.	472,964	US$471.7m	-3.79%	0.01%
1.66%	The Vanguard Group, Inc.	188,292	US$187.8m	2%	no data
1.25%	Fundsmith, LLP	141,624	US$141.2m	0%	0.42%
0.92%	Norges Bank Investment Management	105,081	US$104.8m	14.3%	0.01%
0.78%	Deutsche Asset & Wealth Management	88,510	US$88.3m	-0.01%	0.03%
0.7%	Rathbones Asset Management Limited	79,048	US$78.8m	0%	0.69%
0.64%	Allianz Asset Management GmbH	72,720	US$72.5m	0%	0.03%
0.62%	Columbia Management Investment Advisers, LLC	70,212	US$70.0m	-0.02%	0.02%
0.57%	Baillie Gifford & Co.	64,820	US$64.6m	0%	0.03%
0.51%	GLG Partners, Inc.	57,717	US$57.6m	0%	1.27%
0.48%	Impax Asset Management Group Plc	54,211	US$54.1m	0%	0.13%
0.46%	abrdn plc	52,679	US$52.5m	0%	0.04%
0.37%	Dimensional Fund Advisors LP	42,622	US$42.5m	0.4%	0.01%
0.35%	PineStone Asset Management Inc.	39,974	US$39.9m	4.17%	0.23%
0.32%	Geode Capital Management, LLC	36,307	US$36.2m	1.86%	no data
0.31%	Fiera Capital Corporation	35,647	US$35.5m	11%	0.08%
0.3%	Montanaro Asset Management Ltd.	34,570	US$34.5m	0%	2.5%
0.29%	AXA Investment Managers S.A.	32,490	US$32.4m	-0.15%	0.06%
0.25%	Financiere de l'Echiquier	28,213	US$28.1m	0%	0.36%
0.25%	Capital Research and Management Company	28,025	US$27.9m	48.6%	no data
0.23%	Aristotle Capital Management, LLC	26,415	US$26.3m	-1.09%	0.05%
0.22%	Amundi Asset Management SAS	25,226	US$25.2m	-4.4%	no data
0.22%	Franklin Resources, Inc.	24,945	US$24.9m	0.08%	0.01%
0.21%	Deka Investment GmbH	23,885	US$23.8m	-0.08%	0.02%
0.18%	Montanaro Investment Managers Ltd.	20,800	US$20.7m	0%	0.99%