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LONDON - Kondor AI PLC, a London-based company, has acquired a significant majority stake in Ora Technology PLC, crossing the threshold to hold 96.94% of the voting rights. This substantial transaction was disclosed on April 30, 2025, and Ora Technology notified the public on the following day.
The notification, following the standard TR-1 format, indicated that Kondor AI PLC now directly holds 203,442,204 voting rights within Ora Technology, a non-UK issuer. Prior to this acquisition, Kondor AI PLC did not hold any voting rights in the tech firm. The disclosure did not specify any acquisition or disposal of financial instruments, suggesting that the nearly total control was achieved through the direct acquisition of shares.
The London Stock Exchange (LON:LSEG)’s news service RNS, which is authorized by the Financial Conduct Authority in the UK, provided the details of this major holding notification. The transaction is a notable event in the technology sector, marking a significant shift in the ownership structure of Ora Technology PLC.
While the press release did not include any additional information regarding the intentions behind the acquisition or future plans for Ora Technology, the change in voting rights is a critical development for the company’s governance and strategic direction.
This report is based on a press release statement and reflects the factual information disclosed therein without additional commentary or speculation.
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