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LONDON - BlackRock (NYSE:BLK), Inc., the American global investment management corporation based in Wilmington, USA, has altered its shareholding in the UK-based PRS REIT PLC, according to a standard form TR-1 notification of major holdings released on February 27, 2025.
The notification indicates that BlackRock’s voting rights in PRS REIT PLC crossed a notable threshold on February 26, 2025. Following this change, BlackRock now holds 4.96% of the voting rights attached to shares and an additional 0.94% through financial instruments, bringing its total to 5.9%. This represents a change from its previous notification where BlackRock held a total of 5.36% in the company.
The total number of voting rights BlackRock now holds in PRS REIT PLC is 32,472,622. The company’s voting rights are distributed across direct share ownership and financial instruments such as securities lending and contracts for differences (CFDs). Specifically, BlackRock holds 27,249,986 direct voting rights and the financial instruments consist of 4,197,122 through securities lending and 1,025,514 via CFDs.
The complex chain of ownership through which BlackRock manages these voting rights includes several controlled undertakings, starting with the ultimate controlling entity, BlackRock, Inc. The chain is composed of several entities such as BlackRock Finance, Inc., BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., and extends to various international holdings and subsidiaries.
The TR-1 notification is a regulatory requirement in the United Kingdom (TADAWUL:4280) for entities holding significant shareholdings in listed companies. It is intended to provide transparency to the market regarding the distribution of voting rights and potential influence over listed entities.
Investors and market observers often monitor such notifications to understand shifts in significant shareholdings, as these can sometimes signal strategic moves by institutional investors.
This disclosure, as reported by the London Stock Exchange (LON:LSEG)’s news service RNS, is based on the information provided in the press release statement issued by PRS REIT PLC.
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