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LONDON - Investment manager First Equity Limited has reduced its stake in Marwyn Value Investors Limited to 19.99% from approximately 21.05%, according to a regulatory filing released Wednesday.
The threshold was crossed on June 9, with First Equity now holding 11.3 million voting rights in the company, as detailed in the major shareholding notification submitted to the London Stock Exchange (LON:LSEG).
The shares are held through Nortrust Nominees Limited, with First Equity serving as the investment manager for Armstrong Investments Limited. The ultimate controlling entity behind the shareholding is listed as the Estate of William Black.
Marwyn Value Investors is incorporated outside the UK and trades on the London Stock Exchange. The notification was made in compliance with regulatory requirements for disclosing significant changes in ownership stakes.
The filing indicates that First Equity holds only direct voting rights with no additional financial instruments or similar economic arrangements related to the company’s shares.
The information was disclosed through a standard TR-1 form for notification of major holdings, based on a press release statement published as a regulatory news service announcement.
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