Motorpoint Group plc has announced a notification of major holdings. The notification states that abrdn plc, an investment management entity, has acquired or disposed of voting rights in Motorpoint Group plc. The notification also provides details of the shareholder, including the city and country of registered office. The threshold for voting rights was crossed or reached on October 6, 2023, and the issuer was notified on October 9, 2023. The total positions of abrdn plc in terms of voting rights and financial instruments are below 5%. The resulting situation on the date the threshold was crossed or reached is also below 5%. The previous notification showed a position of 9.997101% of voting rights.

The notification further provides details of the voting rights attached to shares, including the class/type of shares and the number of direct and indirect voting rights. The information regarding financial instruments is also provided, including the type of instrument, expiration date, exercise/conversion period, and the number of voting rights that may be acquired if the instrument is exercised/converted.

The notification includes information about abrdn plc, the person subject to the notification obligation, and 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.

In terms of proxy voting, no information is provided regarding the name of the proxy holder, the number and percentage of voting rights held, or the date until which the voting rights will be held.

Additional information is provided regarding the shares managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients. It is stated that the voting rights effectively held indirectly by the underlying intermediate holding company and the underlying investment management entity decreased below the 5% notifiable threshold due to trading on October 6, 2023. Prior to this crossing, the holding company and the investment management entity held 5.490638% of the delegated voting rights.

The notification was completed on October 9, 2023, at MotorpointPlc.