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JOHANNESBURG/LONDON - BlackRock, Inc. has acquired a 5.02% stake in Valterra Platinum Limited (JSE:VAL, LSE:VALT), according to a regulatory filing disclosed Tuesday.
The investment management firm crossed the 5% reporting threshold on September 4 after participating in an accelerated bookbuild offering by Anglo American. The transaction was formally reported to Valterra Platinum on September 5.
BlackRock’s position now consists of 4.21% in direct voting rights attached to shares, representing 11,062,270 shares, and an additional 0.81% through financial instruments, according to the TR-1 notification filed with stock exchange authorities.
The financial instruments portion includes American Depository Receipts (0.06%), securities lending arrangements (0.31%), and contracts for difference (0.44%), totaling 2,161,431 voting rights.
Prior to this transaction, BlackRock held less than 5% of Valterra Platinum, which was previously known as Anglo American Platinum Limited.
Valterra Platinum, which is dual-listed on the Johannesburg and London stock exchanges, made the disclosure in compliance with transparency requirements of both exchanges.
The notification details the full chain of controlled undertakings through which BlackRock holds the voting rights and financial instruments, with the ultimate controlling entity being BlackRock, Inc.
This information was released in a company statement based on the TR-1 notification received by Valterra Platinum.
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