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LONDON - Northern Ireland-based investor Cecil Hetherington has increased his stake in Reach PLC (LSE:RCH) to 4.18% of voting rights, according to a regulatory filing released Friday.
The notification shows Hetherington crossed the reporting threshold on November 20, with his holdings now totaling 13,318,049 shares in the British media company. This represents an increase from his previous position of 3.06%.
The disclosure, made through the London Stock Exchange’s Regulatory News Service, indicates the shares are held partially through Ardenlee Capital Ltd and partially by Hetherington personally. According to the filing, Ardenlee Capital Ltd holds 12,859,990 shares while Hetherington directly owns 458,059 shares.
Reach PLC, which owns numerous British and Irish newspaper titles including the Daily Mirror and Daily Express, is required under market regulations to disclose when shareholders cross certain ownership thresholds.
The company notified the market on November 21, one day after the threshold was crossed, in accordance with regulatory requirements.
The filing shows Hetherington holds no additional voting rights through financial instruments, with all of his 4.18% stake consisting of direct share ownership.
This information was disclosed in a standard form for notification of major holdings based on a company press release statement.
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