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LONDON - Investment firm Octopus Investments Limited has reduced its shareholding in fashion retailer Sosandar PLC (AIM:SOS) to 4.17% of voting rights, according to a regulatory filing published Monday.
The transaction, which occurred on September 19, saw Octopus decrease its position from a previous 5.23% stake. The investment firm now holds 10,358,223 voting rights in the company.
The disclosure was made in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, which require shareholders to notify companies when their holdings cross certain thresholds.
Octopus Investments is controlled by Octopus Capital Limited, as detailed in the regulatory filing. The notification indicates that the firm holds only direct voting rights with no financial instruments or similar economic arrangements included in its position.
Sosandar, an online women’s fashion retailer listed on London’s AIM market, received the notification on September 22, according to the press release statement.
The filing was completed in London and submitted through the Regulatory News Service (RNS) of the London Stock Exchange.
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