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Phoenix Copper sees shift in major holdings

Published 03/06/2025, 12:40
Phoenix Copper sees shift in major holdings
PXC
-5.00%

LONDON - Phoenix Copper Limited (LSE:PXC) has reported a change in its major holdings, following a notification received on Tuesday. Spreadex LTD, a UK-based financial services firm, has altered its position in the mining company, crossing a significant threshold of voting rights through financial instruments.

As per the notification dated June 2, 2025, Spreadex now holds approximately 2.90% of the voting rights in Phoenix Copper, a decrease from the previous notification where the firm held 3.02%. This change is a result of trading in financial instruments, specifically Contracts for Difference (CFDs) and spread betting, which do not involve direct share ownership but still confer voting rights.

The total number of voting rights associated with Spreadex’s current position amounts to 6,001,250, all of which are indirect and derived from financial instruments. No direct voting rights are held in the shares of the company.

Spreadex LTD, established in 1999, is regulated by the Financial Conduct Authority (FCA) and offers spread betting and CFD trading services. The firm has a diverse trading portfolio that includes over 10,000 global markets, with a focus on UK small caps.

The notification of this change in major holdings is in accordance with the Disclosure and Transparency Rules (DTR) set by the Financial Conduct Authority, which require timely disclosure of such events to ensure transparency in the financial markets.

Phoenix Copper Limited, which operates in the mining sector, is listed on the London Stock Exchange (LON:LSEG) and has its operations primarily focused on the exploration and development of base and precious metals. The company’s shares are traded under the ticker LSE:PXC.

The information regarding the shift in major holdings is based on a press release statement issued by Phoenix Copper Limited and disseminated by RNS, the news service of the London Stock Exchange.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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