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LONDON - Richard Martin has reduced his stake in The Property Franchise Group (NASDAQ:FRG) plc (LSE:TPFG) to 7.28% from 10.42%, according to a regulatory filing published Thursday.
The transaction, which crossed the reporting threshold on June 11, involves Martin now holding 4,639,950 voting rights in the company, as disclosed in a standard form for notification of major holdings submitted to the London Stock Exchange (LON:LSEG).
The notification indicates that Martin is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in the property company.
No financial instruments were reported as part of the holdings, with the entire stake consisting of direct voting rights attached to shares.
The filing was completed on June 11, 2025, at the London Stock Exchange and formally notified to the issuer and the Financial Conduct Authority on June 12, 2025.
The disclosure was made in accordance with UK regulatory requirements that mandate investors to report when their holdings cross certain thresholds. This information is based on a regulatory news service statement published through the London Stock Exchange’s news service.
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