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LONDON - In a recent notification of major holdings, Schroders (LON:SDR) PLC, a global investment management firm, has adjusted its stake in Sosandar PLC, an online women's fashion retailer. The notification, filed on Monday, indicates that Schroders' shareholding in Sosandar crossed a threshold on Thursday, resulting in a change to its position.
According to the details provided, Schroders now holds 11.974749% of Sosandar's shares outstanding, a slight decrease from the previously notified shareholding of 12.020737%. The total number of shares outstanding held by the issuer is reported to be 29,724,504. This change occurred on November 22, 2024, and the issuer was notified on the date of the filing.
The filing also details the full chain of controlled undertakings through which the shares are effectively held. Schroders PLC, along with its controlled undertakings Schroder Administration Limited, Schroder Wealth Holdings Limited, Schroder & Co. Limited, Schroder International Holdings Limited, and Schroder Investment Management Limited, are listed as the entities through which the shares are held.
The notification does not indicate any acquisition or disposal of financial instruments with similar economic effect as shareholding, suggesting that the change in percentage is solely due to the movement in share ownership. The completion of the notification was done in London on the date of the filing.
This adjustment in shareholding by Schroders PLC is a part of the routine disclosures required by market regulations, intended to maintain transparency in the financial markets. The information provided in this report is based on the press release statement issued by the company and does not include any additional analysis or speculation on the implications of this stake adjustment.
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