Severn Trent (GB:SVT) has released an update.
Severn Trent PLC has notified the market of a significant change in share ownership, as investment giant BlackRock, Inc. has adjusted its voting rights and financial instruments, leading to a resulting situation of 5.04% of direct voting rights and a total of 7.61% voting rights when combined with financial instruments. The notification follows a recent acquisition or disposal of shares, crossing the threshold on May 9, 2024, with Severn Trent being informed the next day. This change in the shareholding structure could influence Severn Trent’s future corporate decisions and is an essential update for investors monitoring the company’s ownership dynamics.
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