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LONDON - Octopus Investments Limited has decreased its shareholding in Itaconix PLC (LON:ITX) to 9.84% of voting rights, according to a regulatory filing released Wednesday.
The London-based investment firm now holds 1,327,146 voting rights in the company, down from its previous position of 10.73% which represented 1,352,146 voting rights. The threshold was crossed on August 22, with Itaconix being notified on August 26.
The disclosure was made through a TR-1 form, the standard notification format for major holdings changes under UK financial regulations. The form indicates that Octopus Investments Limited is controlled by Octopus Capital Limited.
The notification shows that Octopus Investments holds only ordinary shares in Itaconix and does not possess any financial instruments related to the company’s stock.
Itaconix PLC, listed on the London Stock Exchange, made the announcement via a Regulatory News Service (RNS) statement. The company’s shares trade under the ISIN code GB00BPK3YZ68.
The filing is in accordance with the Financial Conduct Authority’s requirements for transparency regarding significant changes in ownership of publicly traded companies in the United Kingdom.
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