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LONDON - Octopus Investments Limited has reduced its shareholding in fashion retailer Sosandar PLC (AIM:SOS) to 9.45% of voting rights, according to a regulatory filing published Monday.
The investment firm now holds 23,446,693 voting rights in Sosandar, down from its previous position of 10.74%. The threshold was crossed on July 18, with the company notifying Sosandar of the change on July 21.
The notification, filed under the UK’s Disclosure and Transparency Rules (DTR), indicates that Octopus Investments Limited holds these voting rights indirectly. The firm is controlled by Octopus Capital Limited, according to the filing.
The disclosure shows that Octopus Investments does not hold any additional voting rights through financial instruments.
Sosandar, an online women’s fashion retailer listed on London’s AIM market, is required to disclose such changes in major shareholdings under market regulations.
The information was provided through a standard TR-1 form for notification of major holdings, based on a regulatory news service statement published by the London Stock Exchange (LON:LSEG).
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