15th Feb 2019 09:17
LONDON (Alliance News) - Plus500 Ltd on Friday said JPMorgan Asset Management Holdings Inc has reduced its stake in the company below the minimum threshold for disclosure.
Prior to the transaction, which took place on Wednesday, JPMorgan held 5.6% of Plus500.
According to the UK Financial Conduct Authority website, the minimum notifiable threshold is 3%.
Shares in the online trading services firm were 7.8% lower on Friday morning at 968.68 pence each.
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