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LONDON - Investment management firm Schroders Plc has increased its stake in advertising giant WPP Plc to just over 5%, according to a regulatory filing published Thursday.
The London-based asset manager now holds 5.028% of WPP’s voting rights, crossing the 5% disclosure threshold that requires formal notification under market regulations. The position includes 5.018% through direct share ownership and 0.010% through financial instruments.
Schroders’ stake now amounts to 54,246,227 total voting rights in WPP. The threshold was crossed on September 15, with WPP being notified the following day.
The majority of Schroders’ position consists of 54,132,958 ordinary shares with voting rights, while the remainder includes 113,269 voting rights held through contracts for difference (CFDs), which are cash-settled financial instruments.
The notification details that Schroders controls these holdings through several subsidiaries, including Schroder Administration Limited, Schroder Wealth Holdings Limited, Schroder & Co. Limited, Schroder International Holdings Limited, Schroder Investment Management Limited, and Schroder Investment Management North America Limited.
WPP, one of the world’s largest advertising and communications groups, is incorporated in Jersey but maintains its operational headquarters in London.
The disclosure was made through a standard form for notification of major holdings, as required by financial regulations for publicly traded companies.
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