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LONDON - Barclays PLC (LON:BARC) has reduced its stake in Vodafone Group Plc (LSE:LON:VOD) to below the minimum reporting threshold, according to a regulatory filing released Friday.
The British banking group’s position fell below the disclosure requirement as of July 30, with the telecommunications company being notified on August 1. The filing shows that Barclays previously held a 6.11% stake in Vodafone (NASDAQ:VOD), consisting of 0.12% in voting rights attached to shares and 5.99% through financial instruments.
The notification details that multiple Barclays entities were involved in holding the stake, including Barclays Bank PLC, Barclays Capital Securities Limited, Barclays Capital Inc., Barclays Investment Solutions Limited, Barclays Bank (Suisse) SA, and Barclays Bank Ireland PLC.
The disclosure was made in accordance with UK regulatory requirements that mandate investors to report when their holdings cross certain thresholds. The filing states that the trading book exemption was applied in this case.
Vodafone, a leading European and African telecommunications company, serves over 355 million mobile and broadband customers across 15 countries, with investments in five additional markets and partnerships in more than 40 others.
The regulatory announcement was submitted through the Regulatory News Service (RNS) of the London Stock Exchange (LON:LSEG).
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