Spreadex LTD adjusts stake in Corcel PLC

LONDON - Spreadex LTD, a UK-based trading company, has altered its holdings in Corcel PLC, crossing a notable threshold as per the latest regulatory filing. On January 23, 2025, Spreadex's combined total of voting rights in the energy-focused investment firm reached 8.363%, a change from its previously reported position.

The St. Albans-headquartered company now directly holds 3.9539% of voting rights attached to shares and an additional 4.4091% through financial instruments such as Contracts for Difference (CFDs) and spread bets. This results in a total number of 321,500,000 voting rights within Corcel PLC, indicating a significant interest in the company's operations and governance.

The notification, which Spreadex was obliged to submit due to the acquisition or disposal of financial instruments that led to the change in their stake, was completed and submitted on January 24, 2025, as stated by the London Stock Exchange (LON:LSEG)'s news service RNS.

Corcel PLC, which is listed on the London Stock Exchange with the ISIN code GB00BKM69866, is known for its investments in energy projects. The adjustment in holdings by Spreadex could reflect a strategic move by the trading firm, although the specific reasons for the increase in their stake were not disclosed in the notification.

Spreadex LTD is a financial services provider authorized and regulated by the Financial Conduct Authority (FCA) in the UK. It offers spread betting and CFD trading across a broad range of markets, including UK small caps, which could encompass companies like Corcel PLC.

This development is based on a press release statement and provides an update on the shareholding structure of Corcel PLC, which may be of interest to investors and market watchers. It should be noted that the information presented is factual and does not imply any endorsement of the claims made.

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