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LONDON - Toro Consulting Limited has acquired a 5.85% stake in Satsuma Technology PLC (LSE:STSM), according to a regulatory filing published Monday.
The Victoria, Canada-based company now holds 30,900,000 voting rights in the UK technology firm. The threshold for the notification was crossed on September 4, with Satsuma Technology being notified the following day.
The TR-1 filing, a standard form for notification of major holdings, indicates that Jonathan Bixby is the ultimate controlling person behind the stake acquisition. The position consists entirely of direct voting rights attached to shares, with no financial instruments reported as part of the holding.
Prior to this transaction, Toro Consulting did not hold a notifiable position in Satsuma Technology, according to the disclosure.
The notification was filed in compliance with UK regulatory requirements, which mandate investors to disclose when they cross certain ownership thresholds in publicly listed companies.
The information was disclosed through a regulatory news service filing to the London Stock Exchange.
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