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LONDON - Citigroup Inc. has completely divested its stake in Adriatic Metals PLC (LSE:ADT1), according to a regulatory filing released Thursday.
The U.S. banking giant reduced its position from approximately 5.96% to zero, crossing below the reportable threshold on August 26, as disclosed in a standard form for notification of major holdings submitted to the London Stock Exchange.
Prior to the divestment, Citigroup held 5.90% of voting rights attached to shares and 0.06% through financial instruments. The bank notified Adriatic Metals of the change on August 27.
Adriatic Metals, a UK-based mining company, received the notification through the Regulatory News Service (RNS) of the London Stock Exchange. The filing details the full chain of controlled undertakings through which Citigroup previously held its voting rights, including Citigroup Global Markets Limited and other subsidiaries.
The notification was completed in Belfast on August 27, according to the regulatory filing.
Adriatic Metals trades on the London Stock Exchange under the ticker LSE:ADT1 with the ISIN code GB00BL0L5G04.
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