DFS Furniture PLC has announced a notification of major holdings in the company. The notification states that abrdn plc affiliated investment management entities, with delegated voting rights on behalf of multiple managed portfolios, have acquired or disposed of voting rights in DFS Furniture PLC. The notification also provides details of the shareholder, the date on which the threshold was crossed or reached, and the total positions of the person(s) subject to the notification obligation.
On November 1, 2023, the voting rights held by abrdn plc affiliated investment management entities decreased below the 5% notifiable threshold due to trading. Prior to this crossing, abrdn Investments (Holdings) Limited effectively held and abrdn Investment Management Limited held 5.021785% of the delegated voting rights.
The notification provides information on the resulting situation on the date the threshold was crossed or reached. It states that abrdn plc affiliated investment management entities now hold 5.203668% of the voting rights attached to shares in DFS Furniture PLC, which amounts to 12,184,099 voting rights.
The notification also includes information on the full chain of controlled undertakings through which the voting rights and/or financial instruments are effectively held. It lists abrdn plc as the ultimate controlling person and provides the names of controlled undertakings.
In addition, the notification mentions that the shares detailed in the notification are managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients, based on investment management agreements whereby the client has delegated the exercise of the voting power to the referenced investment manager.
The notification was completed on November 2, 2023, and the place of completion was DFS.