LONDON - M&G Plc, a prominent financial organization based in the United Kingdom (TADAWUL:4280), has altered its holdings in M&G Credit Income Investment Trust PLC (MGCI), as per a regulatory announcement made on Tuesday, January 21, 2025. The notification, which follows the standard TR-1 format for major shareholding disclosures, detailed changes in M&G Plc's voting rights within the investment trust.
On Monday, January 20, M&G Plc's share of voting rights in MGCI decreased to 25.956704%, representing a total of 38,830,132 voting rights. This marks a slight reduction from the previous notification, where M&G Plc held 26.826436% of the voting rights. The change occurred due to an event that altered the breakdown of voting rights.
The voting rights are held directly by M&G Plc and through a chain of wholly owned subsidiaries. The largest portion of these voting rights, amounting to 20.933149%, is held through M&G Corporate Holdings Limited and its subsidiary, Prudential (LON:PRU) Portfolio Management Group Limited. Other subsidiaries, including M&G Group Regulated Entity Holding Company Limited, M&G Group Limited, M&G FA Limited, and M&G Investment Management Limited, each hold a 5.023556% stake.
The announcement, disseminated by EQS Group, clarifies that M&G Plc is the ultimate controlling entity of the aforementioned subsidiaries and thus retains the aggregate percentage of the voting rights.
This adjustment in shareholding has been officially communicated to MGCI on the date of the threshold being crossed and is now public information. The issuer, M&G Credit Income Investment Trust PLC, which is traded under the ISIN GB00BFYYL325, has acknowledged the completion of the notification process.
Investors and market watchers often monitor such notifications to understand shifts in major holdings that can influence company governance and strategy. The disclosed information is based on a press release statement and provides a factual account of the changes in shareholding without any additional commentary or speculation on the implications of these changes.
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