Black Creek cuts its stake in Morgan Advanced Materials to 4.67%
Black Creek Investment Management reported that its voting stake in Morgan Advanced Materials fell to 4.67% from 5.98%. The notice was filed on form TR-1.
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what happened
Toronto-based Black Creek Investment Management Inc. said its voting stake in UK-listed Morgan Advanced Materials PLC dropped below the 5% threshold on 16 October 2026. According to the notice, published through the London Stock Exchange's RNS service on 20 October, the holding stood at 12,931,184 voting rights, or 4.673758% of the total. The previous notification showed 5.980945%.
Of that total, 1,140,515 voting rights are held directly and 11,790,669 indirectly. The company reported no financial instruments carrying voting rights. The shares are beneficially owned by eight separate funds and clients whose portfolios the firm advises, and they have given the firm a proxy to vote without an expiry date.
why it matters
Disclosures of this kind are filed under rules on major shareholdings and rarely carry a market signal on their own. For investors in Morgan Advanced Materials, the notice mainly shows a change in the register at a large institutional holder rather than any new company information. It is of most interest to those tracking ownership changes in UK industrial companies.
tags
instruments
sources
- REG - Morgan Adv.Materials — Holding(s) in Company, 20 October 2026 at 07:14 UTC
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