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LONDON - Ninety One UK Ltd has altered its shareholding in Wickes Group (LON:WIX) PLC, as revealed in a regulatory filing with the London Stock Exchange (LON:LSEG). The investment management firm crossed a notable threshold in its stake on May 12, 2025, resulting in a change that required notification to the market.
The transaction led to Ninety One UK Ltd’s voting rights in the home improvement retailer dropping below the 5% mark, now holding 4.9943%. This change represents a decrease from their previous notification, where they held 5.1976% of voting rights. The total number of voting rights now held by Ninety One UK Ltd in Wickes Group PLC amounts to 11,995,655.
The disclosure, made in accordance with the UK’s Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, was completed on May 13, 2025, and subsequently announced to the public.
Ninety One UK Ltd’s shareholding shift falls within the scope of routine investment management activities. As a standard form for notification of major holdings, the TR-1 form does not necessarily indicate a strategic change or a shift in the investor’s confidence in Wickes Group PLC. The details provided in the notification do not reflect any use of financial instruments to acquire additional voting rights, indicating that the change pertains solely to the direct shareholding.
Wickes Group PLC, listed on the London Stock Exchange under the ticker LSE:WIX, is a prominent player in the UK’s home improvement sector. The company has not issued any comment on the change in shareholding by Ninety One UK Ltd.
The investment management company, Ninety One UK Ltd, is part of Ninety One Plc, which operates through a chain of controlled undertakings including Ninety One Global Limited and Ninety One UK Holdings Limited, ultimately leading to Ninety One UK Limited holding the disclosed stake.
The adjustment in shareholding is a factual change in the ownership structure of Wickes Group PLC and is based on a press release statement. It is a regular market event and does not necessarily imply any underlying shifts in the company’s performance or market strategy.
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