LONDON - Canaccord Genuity Group Inc., a global financial services firm based in Vancouver, Canada, has changed its holdings in Kooth PLC, an online mental health services provider. On Monday, Canaccord's total voting rights in the UK-based company decreased to 3.3827%, a significant shift from its previous holding of 8.9656%.
The adjustment occurred on November 25, 2024, and Kooth PLC was notified the following day. The new voting rights correspond to 1,230,000 shares in the company. This change in ownership was disclosed in a regulatory filing with the London Stock Exchange (LON:LSEG).
The filing detailed that the voting rights are held indirectly through a chain of controlled undertakings, including Canaccord Genuity Wealth Group Holdings Limited and Canaccord Genuity Asset Management Limited, among others.
This disclosure is mandatory under UK financial regulations, which require investors to notify the market when their shareholdings in a listed company surpass or fall below certain thresholds. These regulations are designed to ensure transparency in financial markets and provide investors with regular updates on significant changes in company ownership.
Kooth PLC, listed on the London Stock Exchange with the ticker GB00BMCZLK30, operates an online platform providing mental health support and counseling services. The company has not issued any comment regarding the change in Canaccord's stake.
The notification did not include any additional information regarding the rationale behind the transaction or any future intentions of Canaccord Genuity Group Inc. concerning its investment in Kooth PLC.
This announcement is based on a press release statement and complies with the Financial Conduct Authority's guidelines for the dissemination of such information.
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