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LONDON – FitzWalter Capital Limited has crossed a significant milestone in its ownership Auction Technology Group (LON:) PLC, a UK-based company, with a large acquisition of voting rights from Thursday, December 12, 2024. The London-based investment firm now owns a total of 13.097750% of the voting rights, representing 16,007,153 shares within the companies.
The announcement, in accordance with regulatory standards for large holding companies, indicates that FitzWalter Capital Limited and its affiliates have acquired additional shares, bringing the investment firm’s stake to a level that requires public disclosure. The shares are held indirectly through a chain of controlled companies, ultimately overseen by Benjamin Brazil.
This change in share ownership was officially notified to Auction Technologi Group PLC on the same day that the threshold was crossed. Detailed disclosure reveals that voting rights are held in various entities within the FitzWalter Capital structure, with no reported voting rights through financial instruments.
Auction Technologi Group PLC, identified by ISIN GB00BMVKDZ64, is a company that operates in the domain of online auctions, facilitating transactions in various sectors. The company did not comment further on the implications of this change in ownership.
The publication of this information is based on a press release and is a regulatory requirement to ensure transparency in financial markets. It is standard procedure for companies listed on London Stock Exchange (LON:) and is overseen by the Financial Conduct Authority in the UK.
Investors often closely monitor such announcements because they can indicate strategic moves by major stakeholders that could have implications for company management and future strategy. However, without further details of the parties involved, the intentions behind the acquisition and its potential impact on Auction Technology Group PLC remain to be seen.
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