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LONDON - Barclays PLC (LON:BARC) has acquired a significant stake in B&M European Value Retail S.A., crossing the 7% threshold according to a major shareholding notification released Wednesday.
The British banking group now holds 7.09% of the discount retailer, consisting of 2.72% in direct voting rights attached to shares and 4.37% through various financial instruments. The position amounts to 71,014,937 total voting rights in the Luxembourg-registered company.
The threshold was crossed on July 9, with the issuer notified on July 14, according to the regulatory filing.
Barclays’ stake includes 27,252,776 indirect voting rights attached to shares. The bank also holds financial instruments including rights to recall 30,504,391 shares (3.04%), as well as contracts for difference and equity swaps representing approximately 1.33% of voting rights.
The notification indicates that Barclays’ position is held through several controlled entities including Barclays Bank PLC, Barclays Capital Securities Limited, and Barclays Capital Luxembourg S.À R.L.
The filing also notes that the trading book exemption no longer applies to Barclays’ position in B&M European Value Retail.
Prior to this notification, Barclays’ stake was below the minimum threshold requiring disclosure.
The information was provided through a regulatory news service filing to the London Stock Exchange (LON:LSEG).
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