Gresham House reduces stake in Property Franchise Group

LONDON - Gresham House Asset Management Limited has reported a decrease in its holdings of The Property Franchise Group (NASDAQ:FRG) plc, a UK-based firm, according to a notification filed on Monday. The asset management company’s voting rights in the property group fell to 14.71% on June 6, 2025, down from the previous notification of 15.89%.

The notification, which follows the regulations of the Disclosure Guidance and Transparency Rules, indicates that Gresham House now directly holds 9,375,233 voting rights in The Property Franchise Group. The change in shareholding crossed the notifiable threshold that necessitates disclosure to both the company and the Financial Conduct Authority (FCA).

The Property Franchise Group, listed under the ISIN code GB00BH0WFH67, did not see any acquisition or disposal of financial instruments by Gresham House that would affect voting rights. The entire change is attributed to the direct acquisition or disposal of shares.

According to the notification, there are no other undertakings or natural persons controlling the voting rights associated with Gresham House’s holding. The notification also confirmed that there is no proxy voting involved in the management of these shares.

The completion of this notification was done at Gresham House Asset Management Limited’s office in London on June 10, 2025. The information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and approved by the Financial Conduct Authority in the UK.

Investors and market watchers often monitor such notifications for insights into the investment strategies of significant shareholders and their confidence in the company’s performance and management. The Property Franchise Group and Gresham House Asset Management Limited have not provided additional comments on the reasons behind the change in shareholding.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.