Spreadex adjusts stake in Ironveld PLC

Published 30/05/2025, 07:06
Spreadex adjusts stake in Ironveld PLC

LONDON - Spreadex LTD, a UK-based financial services firm, has altered its holdings in Ironveld PLC, a move that crossed a notable threshold on May 23, 2025, according to a regulatory filing. The company informed Ironveld PLC of the change on May 27, 2025.

The recent transaction resulted in Spreadex LTD’s total voting rights in Ironveld PLC decreasing slightly from 4.0003% to 3.9549%. This comprises 2.5805% of voting rights attached to shares and 1.3744% through financial instruments, specifically Contracts for Difference (CFDs) and spread bets. The total number of voting rights held by Spreadex in Ironveld now stands at 543,477,776.

The filing, submitted under the UK’s Disclosure and Transparency Rules (DTR), indicates that Spreadex now directly holds 354,611,109 voting rights in Ironveld PLC. Additionally, the financial instruments held by Spreadex could potentially give them access to another 188,866,667 voting rights if exercised.

Spreadex LTD, which is not controlled by any natural person or legal entity nor does it control any other undertakings with an interest in Ironveld PLC, is a regulated provider of spread betting and CFD trading. The company offers a platform for trading across a broad range of global markets, including UK small caps.

This notification of major holdings is a standard requirement for entities holding significant percentages of voting rights in a company, ensuring transparency in the market. It is essential for investors to be aware of such changes in significant shareholdings as they can influence a company’s governance and strategic direction.

The information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG), approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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