Canaccord reduces stake in Beeks Financial Cloud Group

VANCOUVER - Canaccord Genuity Group Inc. has decreased its holdings in Beeks Financial Cloud Group PLC, a move that crossed the threshold on February 6, 2025, and was officially reported to the company and the Financial Conduct Authority (FCA) on February 10, 2025.

The notification, which follows the standard form for notification of major holdings, indicates that Canaccord Genuity Group Inc., with its registered office in Vancouver, Canada, now holds 9.5518% of the voting rights in Beeks Financial Cloud Group PLC. This change reflects a decrease from the previous notification, where Canaccord held 10.9502% of voting rights.

The shares in question are identified by the ISIN code GB00BZ0X8W18, and the total number of voting rights directly associated with these shares is 6,404,815. According to the filing, no financial instruments are currently affecting the voting rights, indicating that the change in holdings is strictly related to the actual shares.

The chain of controlled undertakings through which the voting rights are effectively held starts with Canaccord Genuity Group Inc. and includes several subsidiaries, such as Canaccord Genuity Limited, Canaccord Genuity Wealth Group Holdings Limited, Canaccord Genuity Wealth Group Holdings (Jersey) Limited, Canaccord Genuity Wealth Group Limited, and Canaccord Genuity Asset Management Limited. The percentages of voting rights for these entities have been adjusted accordingly to reflect the new total holdings.

The completion of this notification was carried out in Blackpool, England, and constitutes a formal compliance with the regulatory requirements for the disclosure of major shareholdings in publicly traded companies.

This adjustment in Canaccord’s stake in Beeks Financial Cloud Group PLC is part of the routine financial transactions that occur within the securities market, reflecting the dynamic nature of investment holdings. The information for this article is based on a press release statement.

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