LONDON - Wittington Investments Limited has increased its holding in Associated British Foods (OTC:ASBFY) PLC (ABF), crossing a significant threshold in share ownership, according to a notification filed with the London Stock Exchange (LON:LSEG) on Monday.
The notification, which follows the regulatory requirements for disclosure of major holdings, revealed that Wittington Investments' stake in ABF now stands at 57.09% of the company's voting rights. This change occurred on November 29, 2024, marking a rise from the previous notification where Wittington Investments held 56.14% of voting rights.
The detailed breakdown provided in the notification shows that Wittington Investments possesses 403,341,215 direct voting rights and 17,902,770 indirect voting rights in ABF. This brings their total number of voting rights in the company to 421,243,985. The increase in shareholding is due to changes in the number of direct and indirect voting rights held by Wittington Investments and its controlled undertakings.
The primary shares involved in this notification are listed under the ISIN code GB0006731235. The disclosure did not indicate any financial instruments with voting rights, suggesting that the entire holding is through share ownership.
Wittington Investments Limited, with its registered office in London, United Kingdom (TADAWUL:4280), is the ultimate controlling party of this significant portion of shares. The notification also mentions Howard Investments Limited, a controlled undertaking of Wittington Investments, which holds a part of the indirect voting rights.
The disclosure of this information is mandated by the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, which aim to promote transparency in the ownership of publicly traded companies.
This increase in shareholding by Wittington Investments Limited could be of interest to investors and market watchers, reflecting a solidified influence over Associated British Foods PLC. The information is based on a press release statement, and it provides a glimpse into the shifting dynamics of share ownership within the company.
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