TELLURIDE - SW Investment Management LLC, based in Telluride, USA, has notified Raspberry Pi Holdings PLC, a UK issuer, of a change in its holdings. On December 12, 2024, SW Investment Management crossed the threshold of voting rights in the tech company, acquiring a total of 6,944,000 ordinary shares, which equates to 3.59% of Raspberry Pi Holdings' total voting rights.
The notification, following the standard TR-1 format, was completed on December 17, 2024, and Raspberry Pi Holdings was informed on the same day. This movement in shares was a result of direct acquisitions by SWIM Partners LP, a shareholder with a registered office in Wilmington, United States.
The London Stock Exchange (LON:LSEG)'s news service RNS, which is authorized by the Financial Conduct Authority in the UK, provided the information. The disclosure is a regulatory requirement that ensures transparency in the financial markets, allowing investors to be aware of significant changes in company ownership.
SW Investment Management LLC is under the ultimate control of Stephen White, as indicated in the press release. However, no additional details regarding the intentions behind the acquisition or future plans were disclosed.
This transaction reflects a notable change in the shareholder structure of Raspberry Pi Holdings PLC, which may interest investors and market watchers. The company, known for its affordable and compact computing solutions, has a diverse shareholder base. The acquisition by SW Investment Management LLC represents a shift in the balance of voting power within the company.
As per regulatory requirements, the details of the transaction, including the number of shares acquired and the resulting percentage of voting rights, were made public. However, no financial instruments with similar economic effects were reported in the notification.
The information for this report is based on a press release statement, and it provides a factual account of SW Investment Management LLC's recent acquisition of shares in Raspberry Pi Holdings PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.