T. Rowe Price Increases Stake in Auction Technology Group By Investing.com

LONDON – T. Rowe Price Associates, Inc., a global investment management firm based in Baltimore, has increased its stake in Auction Technology Group (LON:) PLC, a UK-based company, crossed a significant holding threshold on November 28, 2024. According to a regulatory filing published on December 2, 2024, T. Rowe Price now holds a total of 6.237222% of the voting rights in the company, up from the previous report of 4.967186%.

The total number of voting rights held by T. Rowe Price in Auction Technology Group PLC is 7,604,561. The disclosure was made in line with the Financial Conduct Authority’s disclosure and transparency rules, which require the reporting of major holdings to ensure market transparency.

This change in ownership occurs following the acquisition of shares by T. Rowe Price International Ltd., a company controlled by T. Rowe Price Associates, Inc. However, the press release did not provide details on the specific reasons for the increase in shareholding and T. Rowe Price’s strategic intentions regarding its investment in Auction Technology Group.

Auction Technology Group PLC is listed on the London Stock Exchange (LON:) with the ISIN code GB00BMVQDZ64. The company specializes in providing online auction platforms and related technology services for curated auctions.

The announcement was made via RNS, the news service of the London Stock Exchange, and is subject to the rules and conditions of the Financial Conduct Authority in the United Kingdom. The reporting process was completed on December 2, 2024 in Baltimore, Maryland, USA.

Investors can view changes in key holdings in listed companies as indicators of institutional confidence and possible changes in market dynamics. However, it is important to note that this report is based on a press release and does not speculate on the broader impact of T. Rowe Price’s increased stake in Auction Technology Group PLC.

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