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LONDON - Investment management firm BlackRock, Inc. has increased its stake in Investec plc (LSE:INVP) to 6.93% of voting rights, according to a regulatory filing disclosed Tuesday.
The notification shows BlackRock crossed the reporting threshold on September 19, with the position consisting of 6.39% in voting rights attached to shares and an additional 0.54% through financial instruments.
The total number of voting rights held by BlackRock in Investec amounts to 44,751,003. This represents a significant increase from its previous position of 5%, which consisted of 4.44% in voting rights attached to shares and 0.56% through financial instruments.
The filing indicates that BlackRock’s holdings include 41,251,629 indirect voting rights attached to shares, 11,386 voting rights that may be acquired through securities lending, and 3,487,988 voting rights through contracts for difference (CFDs).
BlackRock’s stake is held through multiple controlled undertakings within its corporate structure, including BlackRock Investment Management (UK) Limited, BlackRock Institutional Trust Company, BlackRock Fund Advisors, and several other subsidiaries.
Investec operates as a dual-listed company structure on both the London and Johannesburg Stock Exchanges. The notification was made in accordance with the Disclosure Guidance and Transparency Rules of the UK Financial Conduct Authority.
This information is based on a TR-1 notification statement released by Investec.
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