Bullish indicating open at $55-$60, IPO prices at $37
LONDON - Octopus Investments Limited has acquired a 3.34% stake in The Property Franchise Group (NASDAQ:FRG) PLC (TPFG), according to a regulatory filing released Thursday.
The investment firm now holds 2,130,800 voting rights in the UK-based property company, crossing the reporting threshold that requires public disclosure under market regulations.
The transaction occurred on Wednesday, June 11, as detailed in the standard form for notification of major holdings submitted to the London Stock Exchange (LON:LSEG).
Octopus Investments, which is controlled by Octopus Capital Limited, made the acquisition through direct voting rights attached to shares, without using any financial instruments.
The filing indicates this is a new position for Octopus, as there was no previous notification mentioned in the disclosure.
The Property Franchise Group, listed on the London Stock Exchange with ISIN code GB00BH0WFH67, is a UK-based property services company.
The notification was completed on Thursday in London, as required by regulatory standards for significant shareholding changes.
This information is based on a regulatory news service announcement published by The Property Franchise Group PLC.
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