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LONDON - DC Thomson & Company Limited has increased its shareholding in Franklin Global Trust plc (LSE:FGT) to 8.01% from 7.00% previously, according to a regulatory filing released Tuesday.
The Dundee-based company now holds 4,520,000 voting rights in the trust, crossing the notification threshold on Monday, July 7. The transaction represents an increase of approximately 1 percentage point in DC Thomson’s ownership stake.
The notification, made under the standard TR-1 form for major shareholding disclosures, indicates that DC Thomson holds all voting rights directly, with no financial instruments or indirect holdings reported.
DC Thomson, a privately owned media company headquartered in Scotland, is not controlled by any natural person or legal entity and does not control any other undertaking with an interest in Franklin Global Trust, according to the filing.
The disclosure was submitted in compliance with UK regulatory requirements that mandate investors to notify companies when their shareholdings cross certain thresholds.
Franklin Global Trust plc is a UK-based investment trust listed on the London Stock Exchange (LON:LSEG). The information was provided through a regulatory news service announcement based on a press release statement.
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