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LONDON - Investment management firm BlackRock (NYSE:BLK), Inc. has decreased its shareholding in Travis Perkins (LON:TPK) PLC to below the 5% threshold, as per a notification of major holdings dated April 2, 2025. The UK-based building materials supplier was informed of the change on April 3, 2025.
The notification, following standard form TR-1, indicates that BlackRock’s voting rights in Travis Perkins have fallen below the notifiable threshold, which requires disclosure when major holdings in a company’s shares reach, exceed, or fall below certain percentages. The specific voting rights attached to shares and through financial instruments are both now below 5%, reflecting a reduction from the previous notification where the combined total was exactly 5%.
BlackRock’s position change results from transactions involving various financial instruments, including contracts for difference (CFDs) and securities lending. The intricate chain of control within BlackRock includes multiple entities, but none now hold a notifiable interest in Travis Perkins.
The announcement is a regulatory requirement and does not necessarily indicate a strategic shift by BlackRock. The investment company’s holdings in Travis Perkins are managed across a complex structure of subsidiaries and affiliated entities, as detailed in the notification.
The reduction in shareholding by a major institutional investor such as BlackRock can be of interest to shareholders and potential investors, as it may influence the stock’s market perception. However, the press release statement does not provide any reasons for the change in ownership or its potential effects on Travis Perkins’ operations or stock performance.
Travis Perkins, a staple in the UK’s building industry, continues to operate independently of these changes in shareholding. The company’s ISIN is GB00BK9RKT01, and it is listed on the London Stock Exchange (LON:LSEG) under the ticker TPK.
This information is based on a press release statement and adheres to the regulatory framework governing the disclosure of major shareholdings in publicly traded companies.
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