Corcel PLC received a notification of major holdings from RS & CA Jennings and related party Catalyse Capital Ltd. The notification, dated 1st March 2024, indicated an event changing the breakdown of voting rights due to an acquisition or disposal of financial instruments. The resulting situation on the date the threshold was crossed or reached showed a total of 9.72% voting rights, with 3.19% through shares and 6.53% through financial instruments.
The notification detailed the financial instruments held, including warrants with an expiration date of 31st March 2025, allowing for the acquisition of 100,000,000 voting rights, and spreadbets with a cash settlement, providing 16,000,000 voting rights. The total positions of the notifying parties showed a decrease in voting rights from the previous notification, with the total number of voting rights of the issuer at 1,774,794,153.
The notification confirmed that the person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in the issuer. The completion of the notification took place in London, UK.
For further details, the notification directed readers to a link for more information.