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JOHANNESBURG - Valterra Platinum Limited, formerly known as Anglo American (JO:AGLJ) Platinum Limited and listed on both the London and Johannesburg Stock Exchanges, disclosed a significant change in shareholding by BlackRock (NYSE:BLK), Inc. The investment firm’s stake in Valterra Platinum has decreased to below 5% as of Thursday.
This change occurred on June 4, 2025, and the company was notified the following day. The details of the notification show that both the direct voting rights and voting rights through financial instruments held by BlackRock are now below the 5% threshold. Prior to this change, BlackRock held a combined voting rights percentage of 5.82%.
The notification, which follows the regulatory requirements of the Disclosure Guidance and Transparency Rules and the Listing Rules of the Financial Conduct Authority (FCA) and/or the JSE Listings Requirements, did not specify the reasons for the reduction in BlackRock’s holdings.
BlackRock, Inc. has a complex structure of controlled undertakings, including multiple chains through which the voting rights and financial instruments are effectively held. The notification indicates that the holdings are spread across various entities within these chains.
The report of this change in major holdings is based on a press release statement from Valterra Platinum and provides no further details on the implications of BlackRock’s reduced stake in the company. Valterra Platinum’s JSE sponsor is Merrill Lynch South Africa (Pty) Ltd, trading as BofA Securities.
Investors and market watchers often monitor such notifications of major holdings, as they can indicate significant shifts in investor sentiment or strategy regarding the company in question. BlackRock’s reduced stake below the 5% threshold represents a notable shift in its investment in Valterra Platinum.
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