Peel Hunt cuts stake in Zenova Group below 10%

LONDON - Peel Hunt LLP has reduced its holdings in Zenova Group PLC, a UK-based company, to below 10% of voting rights, as per a notification filed on Tuesday, May 20, 2025. This marks a change from the previous notification where Peel Hunt LLP held just over 10% of the voting rights in the company.

The transaction that led to the change in ownership took place on Monday, May 19, 2025. Following the sale, Peel Hunt LLP now holds a stake in Zenova Group PLC that amounts to less than 10% of the company’s shares in issue. The exact number of shares and the percentage of voting rights now held by Peel Hunt were not disclosed, but it was confirmed that the total is below the 10% threshold.

This adjustment in shareholding has been officially notified to Zenova Group PLC on the same day, fulfilling the regulatory requirements for disclosure. The details of the transaction, including the number of shares acquired or disposed of, were not specified in the notification.

The notification, submitted in the form of a TR-1, is a standard requirement for any party crossing a threshold in share ownership or voting rights in a UK-listed company. Such disclosures ensure transparency in the market and provide shareholders and potential investors with important information regarding significant changes in company ownership.

Zenova Group PLC, with the ISIN code GB00BNVVH568, is subject to these notifications due to its status as a publicly-traded entity on the London Stock Exchange (LON:LSEG). Peel Hunt LLP, a well-known investment firm with its registered office in London, United Kingdom (TADAWUL:4280), is obliged to report any such changes in its holdings in other companies.

The London Stock Exchange’s news service, RNS, distributed the details of this notification, which is also overseen by the Financial Conduct Authority in the UK. The information provided is essential for maintaining market integrity and allows for the assessment of changes in control and influence within publicly listed companies.

This disclosure does not necessarily reflect any strategic or financial event within Zenova Group PLC itself but indicates a change in the investor profile of its shareholders. The reasons behind Peel Hunt LLP’s decision to reduce its stake have not been made public.

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