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ZURICH - Vontobel Asset Management has decreased its shareholding in Petra Diamonds Limited (LON:PDL), a non-UK issuer with the ISIN BMG702782084. The notification of major holdings, known as TR-1, was filed following an acquisition or disposal of voting rights.
The transaction resulted in Vontobel's voting rights in Petra Diamonds falling to 4.675610%, down from a previous notification of 6.146748%. This change occurred on January 8, 2025, and the issuer was notified two days later, on January 10, 2025. The total number of voting rights now held by Vontobel in Petra Diamonds is 9,080,135.
According to the TR-1 form, Vontobel Asset Management S.A., based in Luxembourg, and Vontobel Financial Products Ltd., based in Dubai, United Arab Emirates, are the shareholders associated with these voting rights. The disclosure did not indicate any financial instruments being used that would confer additional voting rights, implying that the entire percentage is strictly from direct share ownership.
The notification also stated that the person subject to the notification obligation, presumably Vontobel Asset Management, is not controlled by any natural person or legal entity and does not control any other undertakings that hold an interest in Petra Diamonds.
This adjustment in shareholding is a factual change in ownership and does not necessarily reflect any broader market trends or industry impacts. It is also important to note that this information is based on a press release statement and does not include any additional commentary or analysis from independent sources.
The details provided in the TR-1 form are a standard requirement for entities holding significant stakes in publicly traded companies, ensuring transparency in the market. Petra Diamonds has not provided any additional comments on this change in shareholding.
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