LONDON - Schroders (LON:SDR) PLC, a global asset management firm, has increased its holding in Sosandar PLC, crossing the threshold that mandates a notification of major holdings. As of Monday, Schroders now owns 13.190778% of Sosandar's shares outstanding, marking a significant increase from its previous notification of 11.974749%.
The transaction, which took place on November 26, 2024, was reported to Sosandar the following day, in accordance with regulatory requirements. The total number of shares outstanding held by the issuer is 32,743,009.
Sosandar PLC, listed on the London Stock Exchange (LON:LSEG), is a women's fashion brand known for its apparel that targets a growing demographic of women seeking affordable, fashion-forward clothing. The company has been experiencing a period of growth, which may have prompted Schroders to increase its stake.
Schroders PLC's investment is managed through a chain of controlled undertakings, including Schroder Administration Limited, Schroder Wealth Holdings Limited, Schroder & Co. Limited, Schroder International Holdings Limited, and Schroder Investment Management Limited. The detailed breakdown of holdings through these entities was not disclosed beyond the aggregate percentage.
The notification of major holdings is a regulatory requirement that provides transparency in the ownership structure of publicly traded companies, ensuring that investors and the market are informed about significant changes in share ownership.
This move by Schroders PLC could be seen as a vote of confidence in Sosandar's business model and future prospects. It also reflects the asset manager's investment strategy and portfolio management decisions.
The information disclosed in this article is based on a press release statement from the London Stock Exchange's news service RNS. It is intended to provide the public and investors with critical information regarding changes in significant shareholding in Sosandar PLC.
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