LONDON - SSE (LON:SSE) PLC, a UK-based energy company, has issued a statement retracting a previous announcement regarding changes in its major shareholdings. The original notification, released today, was declared an error and is to be disregarded.
The announcement in question involved JPMorgan Chase & Co. (NYSE:JPM) and was initially made public as a "Holdings in Company" notice, suggesting changes in the ownership of voting rights. The retraction specified that the shareholder had withdrawn the notification due to a late trade booking.
The erroneous announcement had detailed that JPMorgan Chase & Co. had reached a threshold of voting rights in SSE PLC on December 23, 2024, and that SSE was notified on December 27, 2024. It outlined various financial instruments and their corresponding voting rights percentages, which collectively suggested a significant change in share ownership.
SSE PLC has confirmed that the information should not be considered accurate and has advised disregarding the details of the original announcement. The company has not provided any additional information regarding the nature of the error or any consequences that may arise from this retraction.
This retraction is a reminder of the importance of accurate reporting and the potential impact that misinformation, even when released inadvertently, can have on market perceptions and company valuations.
Investors and the market are advised to rely only on confirmed and verified announcements from SSE PLC. This statement is based on a press release issued by SSE PLC and clarifies the company's shareholder position as it stands after the retraction.
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