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LONDON - Spreadex LTD, a UK-based financial trading company, has altered its holdings in Corcel PLC, as per the latest regulatory filing. The notification, following the standard TR-1 form, indicates a change in both the voting rights and financial instruments related to the shares of Corcel PLC, an issuer based in the UK.
The transaction, which crossed the notification threshold on March 5, 2025, was promptly reported to the issuer by the next day, March 6, 2025. Spreadex LTD now holds a combined total of 5.8836% of voting rights in Corcel PLC, comprised of 2.6985% through direct voting rights attached to shares and 3.1851% through financial instruments, specifically Contracts for Difference (CFDs) and spread bets.
This current position reflects a slight decrease from the previous notification, where Spreadex LTD held a total of 6.1445% in voting rights. The exact number of shares directly held amounts to 150,000,000, while the financial instruments account for potential voting rights over another 177,050,000 shares.
Spreadex, established in 1999, is recognized by the Financial Conduct Authority (FCA) and offers trading services including spread betting and CFDs on a range of markets. The adjustment in their stake in Corcel PLC has been officially recorded and completed in the UK.
This change in shareholding could be of interest to investors monitoring the movements of financial trading firms within the UK small-cap market. It is important to note that this report is based on a press release statement and does not speculate on the reasons behind Spreadex’s adjustment of its holdings or the potential impact on Corcel PLC’s future performance.
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