Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
LONDON - Phoenix Copper Limited announced on Sunday that Sebastian Marr has crossed the threshold of significant shareholding, acquiring 4.83% of the company’s total voting rights. This change in shareholding was reached on April 7, 2025, and the company was notified on the same day as the press release, April 16, 2025.
The notification, compliant with the TR-1 standard form, indicates that Marr now directly holds 10,000,000 shares in the mining company, which has a total number of 207,184,092 voting rights. According to the press release, no financial instruments were involved in the transaction, and all acquired voting rights are held directly.
Phoenix Copper Limited, a non-UK issuer, is subject to the disclosure requirements of the Financial Conduct Authority (FCA) in the UK. The FCA mandates that significant shareholding changes be reported both to the issuer and the regulatory authority to ensure transparency in the market.
The press release did not disclose any further details regarding the strategic intentions behind Marr’s acquisition or any potential impact on the company’s governance or operations. It is also not indicated whether Marr controls other undertakings that hold an interest in Phoenix Copper Limited.
The disclosure of this information is part of the regulatory requirements in the United Kingdom (TADAWUL:4280) and is aimed at maintaining fair and transparent markets. This notification does not necessarily indicate any further action or change in the company’s management or strategic direction.
Investors and the market have been made aware of this change in significant shareholding through the RNS, the news service of the London Stock Exchange (LON:LSEG). This statement is based on the press release issued by Phoenix Copper Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.