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LONDON - Jupiter Fund Management PLC has reduced its stake in Colefax Group PLC to 10.63% from 13.62%, according to a regulatory filing released Thursday.
The transaction, which occurred on October 28, resulted in Jupiter holding 555,952 voting rights in the UK-based company. The notification was submitted to Colefax Group on October 30.
The change in ownership was reported through a TR-1 standard form for notification of major holdings, as required by UK financial regulations. Jupiter Fund Management’s holdings are maintained through Jupiter Asset Management Limited, part of its corporate structure.
The filing indicates that Jupiter holds all its voting rights through shares rather than financial instruments. Northern Trust was identified as the shareholder in the notification.
Colefax Group, which trades on the London Stock Exchange under the ISIN GB0002090453, received the notification in accordance with regulatory requirements for disclosing significant changes in ownership stakes.
The disclosure was made through a Regulatory News Service (RNS) announcement, based on information provided in the company’s press release statement.
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