Alliance Pharma PLC received a notification of major holdings from DBAY Advisors Limited, acting as the discretionary investment manager of Fixtaia Limited, Logistics Development Group Plc, and DouglasBay Capital IV Fund LP. The notification, dated 21 May 2024, indicated that the total positions of the entities subject to the notification obligation amounted to 23.05% of voting rights attached to shares, totaling 124,552,807 voting rights in the issuer.
The breakdown of voting rights revealed that DBAY Advisors Limited held 23.05% directly, while Logistics Development Group Plc and Fixtaia Limited each held 11.12% indirectly. DouglasBay Capital IV Fund LP held 11.93% indirectly. The notification also confirmed that the threshold was crossed on 17 May 2024.
The notification provided detailed information about the financial instruments held by the entities, including the type of financial instruments, expiration dates, and the number of voting rights that may be acquired if the instruments are exercised or converted. The completion of the notification took place in Douglas, Isle of Man.
This notification is crucial for investors and stakeholders as it provides transparency regarding the significant holdings and voting rights within Alliance Pharma PLC. It offers insight into the entities that have a substantial interest in the company, contributing to a better understanding of the company's ownership structure and potential influence on decision-making processes.