LONDON - Whitehall Associated SA, an investment firm based in Panama City, has reduced its holdings in Synectics Plc, a UK-based security and surveillance company, as reported on Monday. The transaction, which occurred on Friday, January 10, 2025, brought Whitehall's total voting rights in Synectics down to 25.74% from the previous notification of 26.946%.
The notification, made in accordance with the UK's Disclosure and Transparency Rules (DTR), indicates that Whitehall now directly holds 4,580,000 voting rights in Synectics Plc. This change in ownership crossed the notifiable threshold that prompted the disclosure to the market.
Synectics Plc, listed on the London Stock Exchange (LON:LSEG), specializes in the design and integration of advanced surveillance technology and networked security systems. The company's shares are traded under the ticker symbol LSE:SNX.
The disclosure did not specify the reasons behind Whitehall's decision to decrease its stake in Synectics, nor did it mention any changes to the financial instruments that could affect the voting rights. The London Stock Exchange's news service RNS confirmed the completion of the notification in Geneva on the date of the announcement.
Whitehall Associated SA is not controlled by any natural person or legal entity, nor does it control any other undertakings that hold an interest in Synectics Plc, as per the notification.
This shift in shareholding comes amid regular trading and ownership adjustments within publicly traded companies. Shareholders crossing significant ownership thresholds are required to make such disclosures to ensure transparency in the market.
Investors and market watchers often monitor these notifications for insights into investor sentiment and potential strategic moves within companies. The information for this article is based on a press release statement and is intended to provide a factual report on the disclosed transaction.
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