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CMO

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NEUTRAL

CMO Group Announces Change in Major Shareholding

Why we think this is neutral

The RNS announcement indicates a change in major shareholding, with Mr Robert & Mrs Joanne Kavanagh increasing their stake in CMO Group PLC from below 3% to 5.86%. This appears to be a routine regulatory announcement with no material financial impact on the company. There are no concerning factors identified in the information provided.

Key Points

  • Change in major shareholding, with investors increasing stake to 5.86%

Summary

The retailer has announced a change in major shareholding, with investors increasing their stake to 5.86%.

CMO Group PLC, an online retailer of building materials and supplies in the UK, has announced a change in major shareholding. Mr Robert & Mrs Joanne Kavanagh have increased their stake in the company from below 3% to 5.86%. No other financial details or broker targets have been provided.

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