BofA update shows where active managers are putting money
SINGAPORE - Republic Investment Management Pte. Ltd. has reduced its stake in Synergia Energy Ltd to 13.76% from 14.5%, according to a regulatory filing released Tuesday.
The Singapore-based investment firm now holds 2.14 billion voting rights in the company, as disclosed in a TR-1 standard form notification of major holdings submitted to the London Stock Exchange (LON:LSEG).
The threshold change occurred on June 23, with the issuer being notified on June 24. The stake reduction was attributed to an "asset transfer due to termination of account," according to the filing.
The shares are held indirectly through HSBC Bank PLC in London.
No financial instruments or similar economic instruments were reported as part of the position.
The notification, which is a standard regulatory requirement for significant shareholding changes, was completed in Singapore. The information was provided based on a company press release statement.
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