The Property Franchise Group PLC Announces Holding Change
Why we think this is neutral
This RNS announcement is related to a change in shareholding and does not contain any of the mandatory news types that would require a more detailed analysis. The information provided is factual and does not indicate any significant positive or negative developments for the company.
Key Points
- Close Asset Management Limited has reduced its shareholding in The Property Franchise Group PLC to 4.66% of the total voting rights
- The reduction in shareholding is due to the sale of 618,746 shares on 07/05/2025
Summary
The retailer has announced a change in its major shareholding, with one investor reducing its stake below the 5% threshold.
The Property Franchise Group PLC has announced that Close Asset Management Limited has reduced its shareholding in the company to 4.66% of the total voting rights. This is a result of Close Asset Management selling 618,746 shares on 07/05/2025, bringing its holding below the 5% notification threshold.
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