LONDON - Downing LLP, the London-based investment management firm, has crossed the 5% threshold in voting rights for UK-based geospatial software company 1Spatial Plc (LSE:SPA), according to a regulatory filing released on January 15, 2025.
The notification, which follows the standard form for the disclosure of major holdings, indicates that Downing LLP now holds a total of 5.03% of the voting rights in 1Spatial Plc, an increase from the previous notification where they held 4.02%. This change occurred on Monday, January 14, 2025.
The total number of voting rights controlled by Downing LLP in 1Spatial now stands at 5,600,806 shares. The disclosure did not indicate any voting rights held through financial instruments, meaning the entire stake is direct ownership of shares.
This movement in share ownership crosses a notable threshold that requires disclosure under UK regulatory requirements. Such disclosures are important for investors and the market, as they provide transparency regarding significant changes in company ownership.
The report was completed in London on January 15, 2025, and has been disseminated via RNS, the news service of the London Stock Exchange (LON:LSEG). RNS is authorized by the UK's Financial Conduct Authority as a Primary Information Provider.
Investors often monitor changes in major shareholdings for signs of investor confidence and potential influence on company strategy and governance. Downing LLP's increased stake in 1Spatial Plc could be of interest to the market, reflecting the investment firm's confidence in the geospatial company's prospects.
The information for this news article is based solely on the press release statement and does not include any additional analysis or speculation.
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