LONDON - Octopus Investments Limited, based in London, England, has notified a change in its holdings in Sosandar PLC, a UK-based issuer, according to a regulatory filing on Monday. The notification, conforming to the TR-1 standard form, indicates an acquisition or disposal of voting rights.
The transaction resulted in Octopus Investments Limited's voting rights crossing the threshold on November 29, 2024. Following this change, the investment firm now holds 10.74% of voting rights in Sosandar PLC, which equates to a total of 26,661,693 voting rights. This position reflects a decrease from the previous notification where the firm held 11.6% of voting rights.
The shares in question are of class GB00BDGS8G04, and Octopus Investments Limited holds these rights indirectly. There are no voting rights attached to shares held directly, nor are there any financial instruments categorized under DTR5.3.1R (1) (a) or DTR5.3.1R (1) (b) that affect the voting rights.
The ultimate controlling party of the voting rights is Octopus Capital Limited, which controls Octopus Investments Limited. There was no proxy voting involved in the change of holdings.
The notification was completed on December 02, 2024, at 33 Holborn, London, EC1N 2HT. This information is provided by RNS, the news service of the London Stock Exchange (LON:LSEG) and is authorized by the Financial Conduct Authority as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
The disclosure of such changes in holdings is a regulatory requirement meant to ensure transparency in the financial markets, allowing investors to be informed about significant changes in company ownership. The adjustment in Octopus Investments Limited's stake in Sosandar PLC is part of the normal course of business in the investment industry and reflects the dynamic nature of market participation by institutional investors. This announcement is based on a press release statement and does not include any additional commentary or speculative insights.
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