STAR ENERGY GROUP PLC received a notification of major holdings from Sand Grove Capital Management LLP. The notification was made on 3rd January 2024 and the issuer was notified on 5th January 2024. Sand Grove Capital Management LLP now holds 4.96% of the voting rights attached to shares, with 2.33% through direct voting rights and 2.63% through financial instruments. This represents a change from the previous notification, where they held 9.86% of the voting rights.
The total number of voting rights held in the issuer by Sand Grove Capital Management LLP is 6,363,185. Out of this, 2,994,174 are direct voting rights, representing 2.33%, and 3,369,011 are through financial instruments, representing 2.63%. The financial instruments in question are Equity CFDs with a cash settlement.
The notification also states that Sand Grove Capital Management LLP is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
This notification provides important information about the change in major holdings of STAR ENERGY GROUP PLC by Sand Grove Capital Management LLP, shedding light on the percentage of voting rights held and the breakdown between direct voting rights and those through financial instruments.