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SYDNEY - Australian investment firm Forager Funds Management Pty Ltd has reduced its stake in DCI Advisors Ltd (VGG2803G1028) to 3.26% of voting rights, according to a regulatory filing released Thursday.
The Sydney-based fund manager now holds 29,464,519 voting rights in the company, down from its previous position of 4.92%. The threshold was crossed on Monday, with the issuer notified on Tuesday.
The transaction represents a reduction of approximately 1.66 percentage points in Forager’s ownership stake in DCI Advisors, a non-UK issuer.
The notification, made through the standard TR-1 form for major holdings disclosure, indicates the change resulted from an acquisition or disposal of voting rights. The filing shows Forager holds only direct voting rights with no financial instruments or similar economic instruments reported.
According to the disclosure, Forager Funds Management is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in DCI Advisors.
The information was provided through RNS, the news service of the London Stock Exchange (LON:LSEG), based on a regulatory press release statement.
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