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LONDON - JPMorgan Asset Management Holdings Inc. has reduced its stake in Alpha Group International PLC (LSE:ALPH) to below the minimum disclosure threshold, according to a regulatory filing released Friday.
The U.S.-based asset manager previously held 5.23% of voting rights in the company, comprising 4.92% through shares and 0.31% through financial instruments.
The threshold was crossed on September 17, with the issuer notified the following day, according to the standard form for notification of major holdings submitted to the London Stock Exchange.
The filing shows that JPMorgan Asset Management’s stake is now below the reporting threshold that requires public disclosure under UK regulations. The exact new percentage was not specified in the notification.
The stake reduction was executed through two controlled undertakings: JPMorgan Asset Management (UK) Limited and J.P. Morgan Investment Management Inc., both wholly owned subsidiaries of JPMorgan Asset Management Holdings Inc.
Alpha Group International, listed on the London Stock Exchange, has the ISIN code GB00BF1TM596. The company made the announcement based on information provided in a regulatory news service filing.
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