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JPMorgan cuts stake in Wickes Group below 5%

JPMorgan Asset Management reduces Wickes Group stake below 5% threshold. Read more on Bond.az.

John Smith
ByJohn Smith- Senior Editor
|
0
JPMorgan cuts stake in Wickes Group below 5%
Photo: Prepared by Bond.az

Bond.az - JPMorgan Asset Management Holdings Inc. has reduced its holding in Wickes Group PLC to below the 5% disclosure threshold.

The threshold was crossed on May 20, with the issuer notified the following day. JPMorgan's stake fell from 5.368315% to below the minimum threshold.

Previous disclosures showed JPMorgan held 4.900197% voting rights attached to shares and 0.468118% through financial instruments.

JPMorgan Asset Management, based in Wilmington, Delaware, holds the stake through several controlled entities.

Wickes Group is a home improvement retailer in the UK. Its shares trade on the London Stock Exchange under ISIN GB00BL6C2002.

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JPMorgan cuts stake in Wickes Group below 5% | Bond.az