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LONDON - Slater Investments, a UK-based investment firm, has adjusted its holdings in Reach PLC, crossing a significant threshold on April 24, 2025. The London Stock Exchange (LON:LSEG) was notified of the change on April 25, 2025, according to a regulatory filing.
The latest transaction saw Slater Investments’ voting rights in the media company Reach PLC dip below the 5% mark, settling at 4.93%. The investment firm now holds a total of 15,675,152 voting rights in the issuer, which includes both direct and indirect voting rights. Prior to this change, Slater Investments held 5.02% of the voting rights in Reach PLC.
The notification, which follows the TR-1 standard form, details that Slater Investments has 177,603 direct voting rights and 15,497,549 indirect voting rights in Reach PLC. This results in a direct voting rights percentage of 0.06% and an indirect percentage of 4.87%, combining to the total of 4.93% voting rights held.
This shift in shareholding comes after the acquisition or disposal of voting rights by Slater Investments. The filing also confirms that the ultimate controlling party of Slater Investments is Mark Slater, who is associated with the same percentage of voting rights as the firm itself.
The adjustment in Slater Investments’ stake in Reach PLC is a transaction that market observers often watch for indications of investor sentiment and potential strategic shifts within the investing firm’s portfolio.
No additional details regarding the motive or strategy behind the transaction were provided in the regulatory filing. The information regarding this change in holdings is based on a press release statement from Reach PLC and has been publicly disclosed as per market regulatory requirements.
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