LONDON - RS & CA Jennings, a shareholder in the UK-based Corcel plc, has reported a change in their holdings in the company, crossing a significant threshold on December 02, 2024. According to the notification filed with the Financial Conduct Authority (FCA) and Corcel plc, the Jennings family now holds a combined total of 11.59% of the company's voting rights.
The notification, dated December 03, 2024, indicates that the Jennings family's direct voting rights in Corcel plc amount to 2.03%, represented by 75,695,000 ordinary shares. Additionally, they hold financial instruments in the form of a spreadbet (long) with a cash settlement option, accounting for 9.56% of voting rights, or 357,000,000 voting rights. The total number of voting rights in the issuer is 3,732,550,515.
This marks a change from the previous notification where the Jennings family held 4.40% of direct voting rights and 6.89% through financial instruments, totaling 11.29%. The recent adjustment in holdings has resulted in a slight increase in their overall control of voting rights by 0.3%.
Corcel plc has not provided additional details regarding the reasons behind the Jennings family's transaction. It is also noted that the Jennings family is not controlled by any natural person or legal entity, nor do they control any other undertakings with a direct or indirect interest in Corcel plc.
The disclosure of changes in shareholdings is a regulatory requirement for public companies in the UK, intended to maintain transparency in the markets and provide investors with important information on significant changes in ownership.
The information provided in this article is based on a press release statement and is intended to inform the public of relevant financial events concerning Corcel plc.
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