Liontrust Investment Partners LLP reduced its voting rights in Focusrite PLC to 14.99%, falling below the 15% regulatory threshold, according to a filing with the London-listed audio equipment maker.
The investment manager, a unit of Liontrust Asset Management Plc, now holds 8,878,003 voting rights tied to Focusrite shares, down from a prior level of 15.50%. The reduction occurred on August 21, with the disclosure filed to Focusrite on August 24, the company said.
Focusrite, whose shares trade under the ticker TUNE and are identified by ISIN GB00BSBMW716, confirmed the update in a regulatory statement. The position consists solely of direct voting rights associated with ordinary shares, with no financial instruments involved in the change.
UK transparency regulations require investors to notify companies when their voting rights cross specified thresholds, including the 15% mark. The filing is a standard procedural disclosure and does not indicate a strategic shift by Liontrust.
