Newton Investment Management Limited has crossed the 5% ownership threshold in Wickes Group Plc, according to a regulatory filing disclosed on Monday.
The London-based investment manager holds 5.04% of Wickes's total voting rights, representing 11,476,540 voting rights attached directly to shares, the filing stated. The stake is held through the BNY Mellon Investment Funds — BNY Mellon UK Income Fund. Newton confirmed that no financial instruments are involved in the holding.
Under UK disclosure rules, investors are required to notify the market when their stake in a listed company crosses specified thresholds. The filing was submitted to the Regulatory News Service of the London Stock Exchange, where Wickes trades under the ticker WIX.
Newton said it is not controlled by any natural person or legal entity and does not control any other undertakings holding an interest in Wickes Group. The retailer operates in the home improvement sector.
