GLG Partners Dips Stake in Central Asia Metals to 4.97%

London-based GLG Partners LP has cut its direct and derivative shareholding in Central Asia Metals PLC to 4.975% of outstanding shares, triggering a regulatory filing under United Kingdom major shareholding notification rules. The reduction follows a previous holding of 5.552%, as disclosed in a prior notification, and marks the first time the firm’s aggregate representation has fallen below the 5% threshold since its acquisition began. The firm’s direct equity stake stood at 8.828 million shares, with additional exposure through cash-settled swap contracts totaling less than 3% of outstanding shares, bringing the total to 8.842 million shares in aggregate. This adjustment occurred on September 2, 2024, after the threshold was crossed on Monday, prompting notification to the issuer on Tuesday. Central Asia Metals (ISIN: GB00B67KBV28) remains unlinked to any controlling influence, with no other entity holding shares through GLG’s financial instruments. The disclosure aligns with UK regulatory requirements for major shareholding disclosures, ensuring transparency in the firm’s equity position.