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LONDON - Northern Ireland-based investor Cecil Hetherington has increased his stake in Reach PLC to 5.06%, according to a regulatory filing published Tuesday.
The notification shows that Hetherington crossed the 5% threshold on Monday, November 24, after acquiring additional shares in the British newspaper and magazine publisher. His previous stake stood at 4.18%.
The filing indicates that Hetherington now holds 16,121,524 voting rights in Reach, which publishes titles including the Daily Mirror, Daily Express, and Daily Star newspapers.
The stake is held through a combination of direct ownership and through Ardenlee Capital Ltd. According to the disclosure, Hetherington held 458,059 shares directly while Ardenlee Capital Ltd held 15,663,465 shares as of November 24.
Reach PLC, listed on the London Stock Exchange, is one of Britain’s largest news publishers.
The information was disclosed in a standard form notification of major holdings submitted to the London Stock Exchange’s Regulatory News Service.
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