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LONDON - Gresham House Asset Management Limited has reported a change in its holdings of Property Franchise Group (NASDAQ:FRG) plc, a UK-based company. As of Thursday, the asset management firm’s voting rights in the property franchisor decreased to 15.89%, down from the previously reported 16.37%.
This change occurred on Wednesday, April 30, 2025, and was formally notified to the issuer and the Financial Conduct Authority on May 1, 2025. The total number of voting rights now held by Gresham House in Property Franchise Group stands at 10,132,825.
The adjustment in Gresham House’s stake crosses a notable threshold, which prompted the regulatory filing. According to the disclosure, the voting rights are attached directly to the shares, with no financial instruments reported as part of the holding.
The notification did not specify any particular reason for the disposal of shares beyond the statutory requirement to report changes in significant shareholdings. Gresham House Asset Management Limited, based in London, UK, is the entity with management responsibility for the notified shares.
The transaction reflects normal investment activity for asset management firms, which routinely adjust their portfolios based on various investment strategies and criteria. The report does not indicate any broader strategic shift or intent by Gresham House concerning its investment in Property Franchise Group.
The information disclosed is based on a press release statement and follows the guidelines for notification of major holdings as stipulated by the Financial Conduct Authority. The Property Franchise Group has not issued any additional statements regarding this change in shareholding.
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