Conduit Holdings Limited received a notification of major holdings from Zedra Trust Company (Guernsey) Limited, the trustee of the Conduit Group EBT. The notification, in the standard TR-1 form, indicated that Zedra Trust Company (Guernsey) Limited holds 4.79% of the voting rights attached to shares in Conduit Holdings Limited, representing 7,922,718 voting rights.
The notification, dated 17/04/24, revealed that the threshold was crossed on 25/03/24, with the resulting situation showing a decrease from the previous notification. Zedra Trust Company (Guernsey) Limited previously held 5.00% of the voting rights, representing 8,262,000 voting rights.
The shares are held on trust for the benefit of the employees of Conduit, as part of the Conduit Group EBT. The notification also confirmed that Zedra Trust Company (Guernsey) Limited is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding an interest in the issuer.
The notification provides transparency regarding the significant holdings in Conduit Holdings Limited and the details of the trustee responsible for managing the shares on behalf of the employees. This information is essential for understanding the distribution of voting rights and the entities involved in holding shares in the company.