Morgan Stanley has increased its voting stake in Pinewood Technologies Group PLC to 6.14%, crossing the 6% regulatory threshold, according to a filing with the London Stock Exchange.
The U.S. investment bank now holds 7.06 million voting rights in the UK-based software provider, up from 5.31% previously. The increase was disclosed on August 20 and formally notified to regulators on August 24.
Direct voting rights account for 6.12% of Pinewood’s total, equivalent to 7,039,996 shares. An additional 0.02% is held through financial instruments exercisable at any time, representing 23,433 voting rights. Shares obtained via stock borrowing agreements total 2,952,082, translating to 2.56% of voting rights.
Pinewood Technologies, headquartered in Glasgow, is listed on the London Stock Exchange under the ticker PINE. The disclosure was made in compliance with UK regulatory requirements for major shareholding notifications.
