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LONDON - W1M Investment Management Limited has reduced its voting rights in THE PRS REIT PLC to 3.98%, according to a regulatory filing disclosed Thursday.
The London-based investment manager now holds 21,863,995 voting rights in the UK real estate investment trust, down from its previous position of 4.79%. The threshold was crossed on Tuesday, with the issuer notified on Wednesday.
The disclosure was made through a TR-1 form, the standard notification format for major holdings changes under UK regulatory requirements. The filing indicates the change resulted from an acquisition or disposal of voting rights.
W1M Investment Management confirmed in the filing that it manages these holdings on a discretionary basis for its accounts. The investment firm does not hold any additional voting rights through financial instruments, according to the disclosure.
The notification also stated that W1M Investment Management is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in PRS REIT.
PRS REIT, listed on the London Stock Exchange with the ISIN GB00BF01NH51, focuses on the UK private rented sector. The regulatory announcement was made in accordance with Financial Conduct Authority requirements for primary information providers in the United Kingdom.
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