Legal & General adjusts stake in Pod Point Group

Published 04/04/2025, 09:04
Legal & General adjusts stake in Pod Point Group

LONDON - Legal & General Group (LON:LGEN) Plc has altered its shareholding in Pod Point Group (WA:PGMP) Holdings PLC, a UK-based issuer, according to a major shareholding notification filed on April 3, 2025. The change in ownership crossed the notifiable threshold on April 1, 2025, resulting in Legal & General Group holding 13.96% of the voting rights in Pod Point Group.

The notification, compliant with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, indicates that Legal & General Group Plc’s total voting rights in Pod Point Group have decreased from the previously reported 14.55% to 13.96%. This change reflects a total of 21,916,721 voting rights within the company.

The voting rights are held through a series of controlled undertakings, with Legal & General Investment Management Limited and Legal & General Capital Investments Limited being among the key entities managing these shares. Legal & General Assurance Society also holds a portion of the shares, contributing to the overall percentage owned by the group.

The notification uses the total voting rights figure of 156,900,118 to calculate the percentages of ownership. The shift in shareholding was completed in Cardiff and has been disclosed to the market as per regulatory requirements.

This adjustment in shareholding by Legal & General Group Plc is a transaction of interest to investors and market watchers, reflecting changes in the ownership structure of Pod Point Group Holdings PLC. The information reported is based on a press release statement and provides a factual update on the shareholding changes within the company.

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

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