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LONDON - Financial trading firm Spreadex LTD has increased its total position in Ironveld PLC (LSE:IRON) to 4.05% of voting rights, according to a regulatory filing released Monday.
The St. Albans-based spread betting and CFD provider crossed the notification threshold on June 13, with the position consisting of 2.58% in direct voting rights and 1.47% through financial instruments.
The filing shows Spreadex now holds 354,611,109 direct voting rights in the company, with an additional 201,644,445 voting rights that may be acquired through CFDs and spread betting instruments.
This represents an increase from Spreadex’s previous position of 3.92%, with the growth primarily coming through its financial instruments, which rose from 1.34% to 1.47%.
Ironveld PLC, which trades on the London Stock Exchange (LON:LSEG), received the notification on June 16 in accordance with UK regulatory requirements for major shareholding disclosures.
The TR-1 form, which is the standard notification for major holdings under UK regulations, indicates that Spreadex is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Ironveld.
The information was provided through a regulatory news service filing based on a press release statement from Ironveld PLC.
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