LONDON - Tracarta Limited, an investment firm based in the British Virgin Islands, has increased its holdings in Ironveld PLC, crossing a significant threshold of voting rights. According to a notification filed with the company and the Financial Conduct Authority (FCA), Tracarta now holds 21.18% of voting rights in the mining company.
The transaction that triggered the notification occurred on November 21, 2024, and Ironveld PLC was informed on December 10, 2024. The shares in question are identified by their ISIN code GB0030426455, with Tracarta Limited directly controlling 2,910,845,177 voting rights, representing 21.18% of the company's total voting rights.
This change in holdings represents a substantial increase from the previous notification, where Tracarta Limited held 14.47% of the voting rights. The disclosure did not include the acquisition or disposal of financial instruments as a means of acquiring voting rights, indicating that the change is exclusively related to the direct possession of shares.
The notification also revealed that Dr. John Wardle, a shareholder of Tracarta Limited, is associated with the same percentage of voting rights, suggesting his indirect influence over the holdings.
The information provided by the RNS, the news service of the London Stock Exchange (LON:LSEG), is based on a press release statement and is meant to inform the public and shareholders about significant changes in company ownership. This kind of notification is a regulatory requirement designed to maintain transparency in the market about the distribution of voting rights that could potentially influence corporate decisions.
The increased stake by Tracarta Limited in Ironveld PLC could be of interest to investors and market watchers, as changes in major shareholdings can have implications for company governance and strategic direction. However, the press release did not provide additional details on the intentions behind Tracarta's increased investment or any potential impact on Ironveld's operations or market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.