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Canaccord Genuity crosses 5% threshold in Cerillion PLC

Published 29/04/2025, 15:58
Canaccord Genuity crosses 5% threshold in Cerillion PLC
CF
-0.55%
CER
3.70%

LONDON - Canaccord Genuity Group Inc., the Canada-based financial services firm, has crossed the 5% voting rights threshold in Cerillion PLC, a London-listed billing, charging, and customer relationship management software solutions provider. The transaction occurred on Monday, with Canaccord Genuity now holding a total of 5.0064% of the voting rights in the company.

The threshold was crossed through an acquisition of shares by Canaccord Genuity’s discretionary clients. The total number of voting rights held by Canaccord Genuity in Cerillion PLC after the acquisition is 1,476,684. Previously, Canaccord Genuity held 4.4124% of the voting rights in Cerillion.

This change in shareholding was officially notified to Cerillion PLC on Tuesday, and the relevant details were disclosed in compliance with the Disclosure and Transparency Rules (DTR) of the UK’s Financial Conduct Authority.

Canaccord Genuity’s increased stake in Cerillion PLC is a notable development for the company’s shareholder structure. The full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starts with Canaccord Genuity Group Inc. The chain includes Canaccord Genuity Wealth Group Holdings Limited, Canaccord Genuity Wealth Group Holdings (Jersey) Limited, Canaccord Genuity Wealth Group Limited, Canaccord Genuity Wealth Limited, and Canaccord Genuity Asset Management Limited.

The notification did not mention any changes in the proxy voting rights, and no additional information was provided regarding the strategic intent behind the acquisition of the shares.

Cerillion PLC has been informed of the new holding, as required by market regulations, and the information has been made public in accordance with the rules governing financial markets in the United Kingdom (TADAWUL:4280).

The news of Canaccord Genuity’s increased stake in Cerillion comes amid a broader context of investment firms adjusting their portfolios and taking significant positions in companies across various sectors. This information is based on a press release statement issued by the London Stock Exchange (LON:LSEG)’s news service.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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