Star Energy Group PLC has announced that Sand Grove Capital Management LLP has acquired a significant number of voting rights in the company. The acquisition took place on August 31, 2023, and was notified to the issuer on September 4, 2023. Sand Grove Capital Management LLP now holds a total of 11.94% of the voting rights in Star Energy Group PLC.
The breakdown of the voting rights held by Sand Grove Capital Management LLP is as follows: 3.56% through direct voting rights attached to shares and 8.38% through financial instruments. The financial instruments in question are equity CFDs, which have a cash settlement and an expiration date.
It is important to note that Sand Grove Capital Management LLP is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Star Energy Group PLC.
This notification of major holdings provides insight into the ownership structure of Star Energy Group PLC and highlights the increased presence of Sand Grove Capital Management LLP as a significant shareholder.