On Friday, Spreadex LTD, a UK-based spread betting and CFD trading provider, altered its holdings in IRONVELD PLC, resulting in a change in voting rights. The notification, dated November 21, 2024, indicated that Spreadex's total voting rights in the mining company decreased to 3.6353% from a previous notification of 7.6268%.
IRONVELD PLC, which is listed on the London Stock Exchange (LON:LSEG) with the ISIN code GB0030426455, experienced a shift in the distribution of voting rights due to Spreadex's activities. Spreadex, with its registered office in St. Albans, UK, crossed the threshold that necessitated the notification to IRONVELD PLC on November 21, 2024.
The detailed breakdown revealed that Spreadex now directly holds 2.5805% of voting rights attached to shares, with an additional 1.0548% through financial instruments such as Contracts for Difference (CFDs) and spread bets. This totals 3.6353% of the voting rights, corresponding to 499,561,109 total voting rights held in IRONVELD PLC.
Prior to this change, Spreadex held a significantly larger position, with 4.0703% of direct voting rights and 3.5565% through financial instruments. The resulting situation shows a substantial reduction in Spreadex’s influence over the company.
Spreadex is recognized as a regulated entity under the Financial Conduct Authority (FCA) in the UK and is known for providing trading opportunities across a wide range of global markets, including UK small caps. The completion of this notification process took place in the UK on November 21, 2024.
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