Liontrust ups stake in Focusrite to over 15%

LONDON - Liontrust Investment Partners LLP has increased its holdings in Focusrite PLC, crossing the threshold that obligates disclosure of significant shareholding changes. As per regulatory filings dated Monday, Liontrust now holds a combined total of 15.0697% of the audio equipment company’s voting rights.

The London-based investment manager’s latest acquisition brings its direct voting rights to 15.0055%, with an additional 0.0642% through financial instruments, specifically securities lending. The total number of voting rights held by Liontrust in Focusrite amounts to 8,923,017 shares.

This change in stake was officially reached on Sunday and subsequently reported to Focusrite on Tuesday. The notification triggered a requirement for public disclosure under the UK’s Transparency Directive, which mandates investors to announce changes in share ownership that cross certain percentage thresholds.

Liontrust Asset Management (LON:LIO) Plc, the parent company of Liontrust Investment Partners LLP, is listed as the ultimate controlling party of the shares. The press release did not specify the reasons behind the increase in Liontrust’s stake in Focusrite or any strategic intentions moving forward.

Focusrite PLC is a UK-based global music and audio products group that designs and markets proprietary hardware and software products. The company’s products are used by professional and amateur musicians, producers, and recording studios.

This notification of major holdings is an essential piece of information for investors and stakeholders in Focusrite PLC, as it may indicate a significant endorsement of the company’s performance and future prospects by a prominent investment firm.

The disclosure is based on a press release statement and follows regulatory procedures intended to maintain transparency in the financial markets. It serves as a key update for shareholders and potential investors, providing insight into the company’s shareholder structure.

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