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LONDON - The Wellcome Trust Limited has increased its shareholding in Reach PLC (LSE:RCH) to 6.05% of voting rights, according to a regulatory filing released Friday.
The charitable foundation, acting as trustee of The Wellcome Trust, now holds 19,269,834 voting rights in the British newspaper and magazine publisher. This represents an increase from its previous position of 5.02% of voting rights.
The threshold was crossed on Wednesday, October 16, with the notification submitted to Reach PLC the following day, according to the standard form for notification of major holdings filed with the London Stock Exchange.
The stake is held entirely through shares with voting rights, with no financial instruments reported in the disclosure. The Wellcome Trust Limited is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Reach PLC, according to the filing.
Reach PLC is the publisher of national and regional newspaper titles in the United Kingdom, including the Daily Mirror, Daily Express, and Daily Star.
The information was disclosed in a regulatory announcement based on a press release statement.
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