LONDON - Barclays PLC (NYSE:BCS) has crossed the threshold to become a major shareholder in B&M European Value Retail S.A., according to a notification filed with the London Stock Exchange (LON:LSEG). On January 15, 2025, Barclays (LON:BARC) acquired additional voting rights, bringing its total holdings to just over 5% of the company's voting rights.
The notification, completed on January 21, 2025, revealed that Barclays PLC now holds 2.7% of B&M's voting rights directly attached to shares and an additional 2.33% through financial instruments such as Contracts for Difference (CFDs), equity swaps, and portfolio swaps. The combined total of direct and indirect voting rights has reached 5.03%, with Barclays holding 50,440,153 voting rights in the discount retailer.
The increase in Barclays' stake in B&M European Value Retail S.A. is a significant change from its previous position, which was below the notifiable threshold. The financial instruments contributing to the indirect voting rights are set to expire between April 17, 2026, and August 4, 2031.
Barclays PLC's control over these voting rights is exercised through a chain of controlled undertakings, including Barclays Bank PLC and its subsidiaries, Barclays Capital Securities Limited, Barclays Capital Inc., and Barclays Capital Luxembourg S.À R.L. The notification also indicated that the trading book exemption, which allows certain entities to hold shares without declaring their interest, no longer applies to Barclays in this case.
The disclosure of this substantial shareholding is a routine market requirement meant to ensure transparency in the ownership of publicly traded companies. The London Stock Exchange's Regulatory News Service, which is authorized by the Financial Conduct Authority, has distributed this information as per standard regulatory practices.
This development is based on a press release statement and provides a factual account of Barclays PLC's increased stake in B&M European Value Retail S.A.
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