Morgan Stanley cuts stake in Central Asia Metals below 7%

INVESTING.COMJun 11, 4:42 PM UTC
Morgan Stanley cuts stake in Central Asia Metals below 7%

LONDON - Morgan Stanley has reduced its shareholding in Central Asia Metals PLC (LSE:CAML) to 6.77% of voting rights, according to a regulatory filing.

The U.S. investment bank crossed the threshold on Monday, June 9, dropping from a previous position of 7.04%. The notification was filed with the company on Wednesday.

Morgan Stanley now holds 12,002,195 direct voting rights attached to shares, representing 6.75% of the total. An additional 0.02% comes from financial instruments, specifically rights of recall over securities lending agreements totaling 32,410 voting rights.

The total voting rights held by Morgan Stanley amount to 12,034,605 in the mining company. Morgan Stanley & Co. International plc, based in London, holds 3.88% of the direct voting rights as part of the overall position.

The disclosure is based on a TR-1 form filed under UK regulatory requirements for notification of major holdings. Central Asia Metals is a UK-incorporated company with shares identified under ISIN GB00B67KBV28.

The filing was completed in Glasgow on Wednesday.

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