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LONDON - Brompton Asset Management Ltd has increased its stake in Global Connectivity PLC to 19.86% of voting rights, according to a regulatory filing released Tuesday.
The London-based asset manager now holds 64,366,666 voting rights in the company, up from its previous position of 18.57%. The threshold was crossed on October 10, with the issuer notified on October 14.
The acquisition was made through financial instruments, as detailed in the TR-1 standard form for notification of major holdings submitted to the London Stock Exchange.
According to the filing, the holding represents voting rights managed by Brompton Asset Management Ltd, including those for New Star Investment Trust plc. The full chain of controlled undertakings shows that Brompton Asset Management Group Ltd is the ultimate controlling entity.
The notification, required under UK financial regulations, provides transparency regarding significant changes in ownership of publicly traded companies. Companies must disclose when their stake crosses certain thresholds.
Global Connectivity PLC, identified by ISIN GB00B16GQJ90, is a UK-based issuer. No details were provided about the company’s operations or the strategic rationale behind Brompton’s increased investment.
The information was disclosed through a regulatory news service filing with the London Stock Exchange.
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