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LONDON - FitzWalter Capital Limited has crossed a significant threshold in its holdings of Auction Technology Group (LON:ATG) PLC, a UK-based company, with a major acquisition of voting rights as of Thursday, December 12, 2024. The London-headquartered investment firm now holds a total of 13.097750% of the voting rights, representing 16,007,153 shares within the company.
The notification, following regulatory standards for major holdings, indicates that FitzWalter Capital Limited and its related entities acquired the additional shares, bringing the investment firm’s stake to a level that mandates public disclosure. The shares are held indirectly through a chain of controlled undertakings, all ultimately overseen by Benjamin Brazil.
This shift in share ownership was officially notified to Auction Technology Group PLC on the same day the threshold was crossed. The detailed disclosure reveals that the voting rights are held across various entities within the FitzWalter Capital structure, with no voting rights through financial instruments reported.
Auction Technology Group PLC, identified by its ISIN GB00BMVQDZ64, is a company that operates in the realm of online auctions, facilitating transactions across various sectors. The company has not provided additional comments on the implications of this change in shareholding.
The disclosure of this information is based on a press release statement and is a regulatory requirement to ensure transparency in the financial markets. It is a standard procedure for companies listed on the London Stock Exchange (LON:LSEG) and is overseen by the Financial Conduct Authority in the UK.
Investors often monitor such notifications closely as they can indicate strategic moves by major stakeholders that could have implications for company governance and future strategy. However, without further details from the involved parties, the intentions behind the acquisition and its potential impact on Auction Technology Group PLC remain to be seen.
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