BlackRock disclosed a 3.42% stake in Public Policy Holding Company on September 23, after filing a major-holdings notification with the UK Financial Conduct Authority and the London Stock Exchange’s Regulatory News Service.
The filing, submitted on September 21, followed the threshold crossing on September 18. BlackRock’s direct voting rights total 3.15%, representing 959,428 votes attached to shares held under the ISIN US7444302084. An additional 0.26% — amounting to 81,184 potential voting rights — stems from financial instruments, primarily securities-lending arrangements, according to the disclosure.
In total, BlackRock exercised 1,040,612 voting rights in the company. The asset manager’s Investment Management LLC, Institutional Trust Company, Fund Advisors, and Advisors LLC were named in the filing from its Wilmington, Delaware, location.
Under UK regulatory standards, the disclosure was triggered by an acquisition of voting rights that met the major-holdings notification requirement, which mandates public reporting once a specified ownership threshold is reached or exceeded.
