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LONDON - BlackRock (NYSE:BLK), Inc., the American global investment management corporation based in Wilmington, USA, has reduced its holdings in UK-based Hunting (LON:HTG) PLC to below 5%, according to a regulatory filing disclosed on March 5, 2025. The notification, which follows the standard form for reporting major holdings, indicates that the threshold was crossed on March 3, 2025.
Previously, BlackRock held a combination of voting rights and financial instruments amounting to 6.16% of Hunting PLC. The latest transaction brings both direct voting rights and voting rights through financial instruments below the 5% mark, signaling a significant reduction in BlackRock’s position in the energy services company.
The disclosure, which was completed on March 4, 2025, and filed from London, does not specify the exact number of shares now held but confirms BlackRock’s total voting rights in Hunting PLC have fallen below the 5% threshold. This change in shareholding will be of interest to investors tracking the movements of major institutional investors.
The detailed breakdown of the voting rights attached to shares and financial instruments was not provided beyond the acknowledgment that they are below 5%. The complex chain of controlled undertakings through which BlackRock held the voting rights includes various entities, from BlackRock Finance, Inc. to BlackRock Advisors (UK) Limited, among others.
The notification by Hunting PLC, a company specializing in manufacturing services for the oil and gas industry, is a routine disclosure required by market regulations to inform the public and investors of significant changes in share ownership. Such disclosures are important for maintaining transparency in the market and can have implications for investor perception and the company’s stock performance.
The information, based on a press release statement, is a factual representation of the changes in shareholding and does not imply any judgment or speculation regarding the reasons behind BlackRock’s decision to reduce its stake in Hunting PLC.
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