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LONDON - Investment firm Spreadex LTD has reduced its stake in Corcel PLC (LSE:CRCL) to 3.4% from approximately 5%, according to a regulatory filing released Monday.
The St. Albans-based financial instruments provider crossed below the reporting threshold on August 28, as detailed in the TR-1 standard form for notification of major holdings submitted to the London Stock Exchange.
Following the change, Spreadex now holds 1.74% of voting rights attached to shares, representing 103.1 million direct voting rights. The firm also maintains 1.66% of voting rights through financial instruments, specifically CFDs and spread bets, accounting for 98.27 million potential voting rights.
The previous notification had shown Spreadex holding a combined position of 4.98% in Corcel, consisting of 2.7% in direct voting rights and 2.29% through financial instruments.
Spreadex, founded in 1999, is regulated by the Financial Conduct Authority and provides spread betting and CFD trading services across global markets.
The notification was completed on August 29 and subsequently disclosed by Corcel through a regulatory news service announcement.
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