LONDON - Schroders (LON:SDR) PLC, a global investment manager based in the United Kingdom (TADAWUL:4280), has altered its shareholding in Equals Group PLC, a digital payments and banking services provider. According to a notification filed on January 17, 2025, Schroders’ total holdings in Equals Group have decreased, crossing a significant threshold on January 16, 2025.
The notification, which Equals Group PLC received and disclosed on the same day, indicates that Schroders now holds 4.733691% of Equals Group’s shares, a change from its previous notification where it reported a 7.287574% stake. This latest figure corresponds to 9,011,600 shares in the company.
Schroders’ adjustment in its stake in Equals Group is a result of an acquisition or disposal of shares, as per the disclosure requirements for major holdings in listed companies. The disclosure did not indicate any acquisition or disposal of financial instruments that would lead to a similar economic effect as holding shares, nor did it specify any other changes in the breakdown of shares outstanding.
The filing also confirms that Schroders PLC does not control any other undertakings that hold an interest in Equals Group PLC and that the shares are held directly through its controlled undertakings including Schroder Administration Limited, Schroder Wealth Holdings Limited, and Schroder Investment Management Limited.
The adjustment in shareholding by a major investment firm like Schroders is a notable event for Equals Group and its investors, as changes in major holdings can be indicative of an investment firm’s view on the company’s value and future prospects. However, the notification does not provide additional context or reasons behind Schroders’ decision to reduce its stake.
The information provided is based on a press release statement from Equals Group PLC, as disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG). The London Stock Exchange’s Financial Conduct Authority has approved RNS as a Primary Information Provider in the United Kingdom.
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