LONDON - Whitehall Associated SA, based in Panama City, has decreased its shareholding in Synectics Plc, as reported on Monday. The notification, dated December 9, 2024, indicated that Whitehall Associated SA's ownership fell below the previous threshold, resulting in a change in their total voting rights within the company.
Synectics Plc, which is listed on the London Stock Exchange (LON:LSEG), is subject to the UK's Disclosure and Transparency Rules. These rules mandate that shareholders must notify the company of any changes in their holdings that cross a notifiable threshold. According to the latest filing, Whitehall Associated SA now holds 5,110,000 shares, which equates to 28.717% of the voting rights in Synectics Plc. This represents a slight decrease from their previous notification, where they held 29.498% of the voting rights.
The update comes following transactions that occurred on December 9, 2024, the same day on which Synectics Plc was informed of the change. The crossing of the threshold has prompted the notification obligation, as required by the Financial Conduct Authority's Disclosure and Transparency Rules.
Whitehall Associated SA is not controlled by any natural person or legal entity, nor does it control any other undertakings holding directly or indirectly an interest in Synectics Plc. The decrease in shareholding has brought Whitehall Associated SA's stake in Synectics below the previously reported level, reflecting a change in the company's shareholder structure.
The information regarding these changes in shareholding is based on a press release statement and is crucial for investors and the market to note changes in significant shareholdings, as they can have implications for corporate governance and potential influence on company decisions.
Synectics Plc and its shareholders monitor such notifications closely to understand the dynamics of the company's ownership. However, the reasons behind Whitehall Associated SA's reduction in their stake have not been disclosed in the notification.
The London Stock Exchange's news service RNS, approved by the Financial Conduct Authority in the UK, provided the details of this notification.
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