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LONDON - Avalon UK Limited has decreased its shareholding in RM plc (LSE:RM.) to 13.95% from 18.67%, according to a regulatory filing released Tuesday.
The British Virgin Islands-registered company now holds 11,701,212 voting rights in the education technology and resources provider. The threshold was crossed on June 20, with the issuer notified on June 23.
The notification, submitted in accordance with UK regulatory requirements, indicates that Theodore W. King is the ultimate controlling person of Avalon UK Limited.
The filing shows that all voting rights are held directly, with no financial instruments or similar economic arrangements mentioned in the disclosure.
RM plc, listed on the London Stock Exchange (LON:LSEG), provides educational resources and technology solutions to schools and educational institutions. The company’s share capital structure gives Avalon UK Limited significant influence as a major shareholder despite the reduction in its position.
The information was disclosed in a standard regulatory announcement for notification of major holdings, as required under UK financial regulations.
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