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LONDON - Investment firm Pentwater Capital Management LP has acquired a 3.05% stake in RC Fornax PLC through financial instruments, according to a regulatory filing published Monday.
The Naples, Florida-based investment manager crossed the 3% reporting threshold on August 8, as disclosed in a standard form for notification of major holdings submitted to the London Stock Exchange (LON:LSEG).
The position consists entirely of cash-settled swap contracts representing approximately 1.75 million shares. Prior to this transaction, Pentwater held less than 3% of RC Fornax’s outstanding shares.
The filing indicates that Pentwater Capital Management is controlled by Matthew Halbower through MCH PWCM Holdings Inc.
RC Fornax PLC, a UK-based company, made the disclosure in accordance with regulatory requirements for reporting significant shareholding changes.
The notification, required under UK financial regulations, was completed on August 11 in Naples, according to the company’s press release statement.
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