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LONDON - BlackRock, Inc. has crossed the 5% ownership threshold in CVS Group plc, according to a regulatory filing released Wednesday.
The world's largest asset manager now holds a 5.02% stake in the UK-based veterinary services company, comprising 4.81% in voting rights attached to shares and 0.20% through financial instruments.
The threshold was crossed on Monday, November 18, with BlackRock holding a total of 3,579,446 voting rights in CVS Group. This includes 3,433,675 direct voting rights and 145,771 voting rights that may be acquired through securities lending arrangements.
Prior to this transaction, BlackRock's position was below the 5% reporting threshold required by UK financial regulations.
The notification details the full chain of controlled undertakings through which BlackRock holds its interest, including various subsidiaries such as BlackRock Investment Management (UK) Limited, BlackRock Asset Management Canada Limited, and BlackRock Fund Advisors.
The disclosure was made in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, which require investors to notify both the issuer and the regulator when they cross certain ownership thresholds.
The information was disclosed through a standard form for notification of major holdings submitted to the London Stock Exchange's Regulatory News Service.
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