Street Calls of the Week
LONDON - Waverton Investment Management Limited has reduced its stake in The PRS REIT PLC (LSE:PRSR) to 4.79% of voting rights, according to a regulatory filing released Thursday.
The London-based investment firm now holds 26,345,048 voting rights in the residential property investment company, down from its previous position of 5.72%. The threshold was crossed on October 7, with the issuer notified on October 8.
The notification, made through the TR-1 standard form for major holdings disclosure, indicates that Waverton does not hold any additional voting rights through financial instruments. The position is managed on a discretionary basis by W1M Investment Management Limited, formerly known as Waverton Investment Management Limited.
The disclosure was made in accordance with UK regulatory requirements that mandate investors to report when their holdings cross certain thresholds in publicly listed companies.
PRS REIT focuses on the private rented sector in the UK residential property market. The company trades on the London Stock Exchange under the ISIN code GB00BF01NH51.
The regulatory announcement was submitted via RNS, the news service of the London Stock Exchange, which serves as a Primary Information Provider authorized by the Financial Conduct Authority.
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