On August 23, 2023, abrdn plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios acquired a position in Gamma Communications PLC. The notification states that the total positions of the person(s) subject to the notification obligation are below 5% of the voting rights attached to shares. The resulting situation on the date the threshold was crossed or reached is also below 5%. The previous notification indicated a position of 5.710066% of voting rights.
The notification does not provide specific details about the number of direct or indirect voting rights held by abrdn plc. However, it states that the voting rights attached to shares are below 5% and the same applies to the financial instruments held.
The notification also includes information about the full chain of controlled undertakings through which the voting rights and/or financial instruments are effectively held. The ultimate controlling person is abrdn plc, and there are several controlled undertakings listed, including abrdn Investments (Holdings) Limited, abrdn Investment Management Limited, abrdn Holdings Limited, abrdn Investments Limited, and abrdn Capital Limited.
In terms of proxy voting, no information is provided about the proxy holder, the number and percentage of voting rights held, or the date until which the voting rights will be held.
Additional information included in the notification states that the shares detailed 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 August 24, 2023. The place of completion is not specified.