Chesnara PLC, a European life and pensions consolidator, has announced a notification of major holdings. The notification states that abrdn plc, an investment management entity, has acquired voting rights in Chesnara. The acquisition took place on October 23, 2023, and was notified to the issuer on October 24, 2023. The total voting rights held by abrdn plc on behalf of multiple managed portfolios is 11.028748%. This represents a slight increase from the previous notification, which stated a total of 10.907032% voting rights. The total number of voting rights held by abrdn plc is 16,608,292.
The notification provides details of the voting rights attached to shares. The ISIN code of the shares is GB00B00FPT80. The number of direct voting rights held by abrdn plc is 16,608,292, representing 11.028748% of the total voting rights. No indirect voting rights are held by abrdn plc. The notification also includes information on financial instruments held by abrdn plc, but no specific details are provided.
The notification states that the shares held by abrdn plc are managed by a discretionary investment management entity within multiple portfolios on behalf of underlying clients. The clients have delegated the exercise of voting power to the investment manager.
Chesnara is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates under various brands in the UK, the Netherlands, and Sweden. The company's primary responsibility is the efficient administration of its customers' life and savings policies, while also adding value through profitable new business and value-adding acquisitions. Chesnara has a track record of increasing its dividend for 18 consecutive years.