Liontrust Asset Management’s investment arm reduced its stake in audio equipment maker Focusrite to 14.99% of voting rights, falling below the 15% threshold that triggers UK regulatory disclosure requirements.
The London-based asset manager, acting through Liontrust Investment Partners LLP, now holds 8,878,003 voting rights attached to Focusrite shares, down from 15.50% in its previous notification. The reduction was effective as of August 21 and disclosed to Focusrite on Sunday, according to a regulatory filing.
Focusrite’s shares, listed on the London Stock Exchange under the ticker TUNE, are identified by the ISIN GB00BSBMW716. The stake consists solely of direct voting rights attached to shares, with no financial instruments involved, the filing stated.
UK disclosure rules require investors to notify companies when their holdings cross specified thresholds, including the 15% level. The notification was filed in compliance with these regulations, though the filing did not disclose the firm’s reasons for reducing its stake.
