FitzWalter Capital ups stake in Auction Technology Group

LONDON - FitzWalter Capital Limited has increased its holdings in Auction Technology Group (LON:ATG) PLC, crossing a significant threshold of ownership, as per a notification filed with the London Stock Exchange (LON:LSEG) on Thursday. The transaction took place on Monday, with the firm notifying Auction Technology Group on the day of the press release.

The notification, following the regulatory standard form TR-1, indicates that FitzWalter Capital Limited’s total voting rights in the UK-based Auction Technology Group PLC have reached 14.175598%, amounting to 17,348,017 voting rights. This marks an increase from the previous notification, where the firm held 13.097750% of the voting rights.

The shares are held through a series of controlled undertakings, with Benjamin Brazil listed as the ultimate controlling person. The chain of control includes various entities such as FitzWalter Capital Partners (WA:CPAP) HoldCo Limited, FitzWalter Capital Partners (Financial Trading) Limited, and FW Securities Limited, all contributing to the aggregate voting rights percentage.

The detailed breakdown of the voting rights shows that all the voting rights are attached to shares, with no financial instruments being listed as part of the holding structure. The acquisition has made FitzWalter Capital Limited one of the significant shareholders in Auction Technology Group PLC.

The notification also provides a full chain of controlled undertakings through which the voting rights are effectively held, starting with Benjamin Brazil. Each entity within the chain holds a percentage of voting rights that either meets or exceeds the notifiable threshold, contributing to the overall percentage held by FitzWalter Capital Limited.

The disclosure of this information is in compliance with market regulations, which require investors to notify issuers when certain thresholds in shareholdings are crossed. This ensures transparency in the market and allows other investors and stakeholders to be aware of significant changes in company ownership.

The news of this increased stake comes as part of standard market operations and does not necessarily indicate a strategic change or development within Auction Technology Group PLC. The information is based on a press release statement and does not reflect any promotion of the company or its shareholders.

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