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LONDON - HSBC Holdings plc (NYSE:HSBC) has increased its total stake in SSP Group PLC to 9.109% of voting rights, according to a regulatory filing released Thursday.
The notification shows HSBC now holds 8.996% of voting rights attached to shares and an additional 0.113% through financial instruments. This represents a total of 73,035,910 voting rights in the food and beverage operator that runs outlets in travel locations worldwide.
The threshold was crossed on July 7, with the issuer notified on July 9, according to the TR-1 standard form for notification of major holdings.
The filing details that HSBC’s stake is held through several controlled undertakings, including HSBC Bank PLC, which accounts for 8.538% of the total position. Other holdings are maintained through Internationale Kapitalanlagegesellschaft mit beschränkter Haftung in Germany (0.01%) and HSBC Global Asset Management (UK) Limited (0.561%).
The financial instruments portion of HSBC’s stake includes stock lending arrangements accounting for 0.007% of voting rights and equity swaps representing 0.106%.
The reason for the notification was listed as "Change In Nature" of the holding.
SSP Group, which operates food and beverage outlets in airports and railway stations, trades on the London Stock Exchange (LON:LSEG) under the ISIN code GB00BGBN7C04.
This information was disclosed in a regulatory news service announcement filed with the London Stock Exchange.
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