Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
LONDON - Barclays PLC (NYSE:BCS) has reported a decrease in its holdings in B&M European Value Retail S.A., a discount retailer based in Luxembourg, falling below the minimum threshold of voting rights. This change occurred on January 28, 2025, and was officially notified to the issuer on January 31, 2025.
Previously, Barclays (LON:BARC) held a combined total of 5.03% of the voting rights in B&M through shares and financial instruments. As of the latest notification, the banking and financial services company now holds less than the minimum threshold in both direct voting rights and through financial instruments.
The detailed breakdown of voting rights attached to shares and financial instruments was not disclosed beyond stating that the total is below the minimum threshold. This indicates a significant reduction in Barclays’ position in B&M European Value Retail S.A.
The notification also outlined the full chain of controlled undertakings through which the voting rights were held, listing Barclays Bank PLC and several of its subsidiaries, including Barclays Capital Securities Limited and Barclays Capital Inc., among others. The report further noted that the trading book exemption applies, suggesting that the holdings may have been part of Barclays’ trading book and not held for strategic investment purposes.
This notification of major holdings is a regulatory requirement intended to provide transparency in the financial markets and is part of the standard disclosures for publicly traded companies.
The information in this article is based on a press release statement from RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority in the UK.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.