Wickes sees shift in major shareholdings

LONDON - Wickes Group PLC (LSE:LON:WIX), the UK-based home improvement retailer, reported a change in its major shareholdings on Monday. Equiniti Trust (Jersey) Limited, acting as trustee of the Wickes Employee Benefit Trust, has crossed the notifiable threshold for voting rights on February 14, 2025.

The notification, in accordance with the Disclosure and Transparency Rules (DTR) of the Financial Conduct Authority, indicates that the Wickes Employee Benefit Trust now holds 3.068% of the voting rights in the company, which translates to a total of 7,426,594 voting rights. This change in shareholding was officially communicated to the issuer on February 18, 2025.

The shares in question are listed under the ISIN code GB00BL6C2002, and the entire holding is attributed to direct voting rights. The notification did not report any voting rights held through financial instruments, suggesting a straightforward share ownership structure.

The notification further outlines that Ocorian Limited controls Equiniti Trust (Jersey) Limited, which in turn holds the shares as trustee of the employee benefit trust. This arrangement is typical for employee benefit trusts, which are often established to manage shares on behalf of a company’s employees.

No additional information regarding the purpose or implications of the threshold crossing was provided in the notification. The completion of the notification process took place in St Helier, Jersey, on February 18, 2025.

This development is part of regular market disclosures required by companies listed on the London Stock Exchange (LON:LSEG) and is based on a press release statement. It is important for investors to be aware of such changes in major shareholdings, as they can sometimes indicate shifts in influence or strategy within a company. However, the press release does not elaborate on the strategic significance of this particular change in shareholding for Wickes Group PLC or its stakeholders.

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