Aberforth Partners LLP has increased its stake in Reach PLC to 16.855%, the firm disclosed in a notification filed Monday.
The London-based investment manager raised its voting-rights holding in the publisher from 11.320%, an increase of approximately 5.5 percentage points, crossing the disclosure threshold on Saturday. The stake totals 53,655,220 voting rights, with the firm holding zero voting rights through financial instruments. The holding is made indirectly through Nortrust Nominees Ltd.
Reach, traded on the London Stock Exchange under ticker RCH and ISIN GB0009039941, received the press-release statement filed under the TR-1 standard form for the notification of major holdings.
Aberforth Partners stated that it is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Reach.
