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LONDON - Glencore (OTC:GLNCY) PLC (LSE:GLEN) has notified the market of a significant change in shareholding, as former CEO Ivan Glasenberg's voting rights in the company surpassed the 10% threshold. On Monday, Glencore reported that Glasenberg now holds 10.09% of the voting rights, a notable increase from the previous notification of 9%.
The notification, following the regulations of the Disclosure and Transparency Rules (DTR), was triggered by an acquisition of shares that occurred on Sunday. The total number of voting rights attached to shares now held by Glasenberg amounts to 1,219,327,721. According to the press release, Glasenberg's position reached this new level through direct holdings rather than through financial instruments.
The shares are held through a series of nominees, with Vidacos Nominees Limited, Aurora Nominees Limited, and Lynchwood Nominees Limited listed as the entities through which the voting rights are effectively held. These nominees hold 3.48%, 5.08%, and 1.53% of the voting rights, respectively.
Glencore, a multinational commodity trading and mining company, has not provided additional details regarding the purpose behind the increase in Glasenberg's stake. The company's shares are traded on the London Stock Exchange (LON:LSEG), and the change in shareholding could be of interest to investors monitoring the movements of major stakeholders within the industry.
The notification was completed in London, United Kingdom (TADAWUL:4280), on Monday, and is based on a press release statement. This information is distributed without any further context or promotional commentary, focusing purely on the factual changes in Glencore's shareholding structure.
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