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LONDON - Spreadex LTD, a UK-based financial services firm, has notified Phoenix Copper Limited of crossing a significant threshold in its holdings. On Friday, the company reported acquiring a stake that brings its total voting rights to 3.0172% through financial instruments, specifically contracts for difference (CFDs) and spread bets.
The transaction, which resulted in Spreadex holding 6,251,250 voting rights in the mining company, occurred on Thursday, May 29, 2025. Phoenix Copper, whose shares are traded under the ISIN VGG7060R1139, was informed of the new position on the following day.
Spreadex, founded in 1999 and regulated by the Financial Conduct Authority (FCA), specializes in spread betting and CFD trading. The firm offers its clients the ability to trade across more than 10,000 global markets, including positions in UK small-cap companies like Phoenix Copper.
The notification, which follows the standard form for the announcement of major holdings known as TR-1, did not indicate any control by natural persons or legal entities over Spreadex, nor did it suggest that Spreadex controls any other undertakings with interests in Phoenix Copper.
The disclosure of this information is part of regulatory requirements that ensure transparency in the financial markets and provides investors with pertinent details regarding significant changes in company ownership. This event may be of interest to investors of Phoenix Copper and the broader market, as it reflects a notable change in the company’s shareholder structure.
The details of this notification are based on a press release statement and are intended to provide a factual report of the transaction without any endorsement of the claims.
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