Long-standing multinational investment house Henderson Global Investors has relinquished its entire stake in electronic payment processing company Safecharge.
SafeCharge International Group Limited, a Central Bank of Cyprus authorized payment institution whose commercial customer base includes several retail FX companies, became a publicly listed company on the London Stock Exchange’s Alternative Investment Market in April this year, having raised a substantial $126 million by transitioning from a privately held firm to a public company.
At that time, Henderson Global Investors, an international company whose London operations have been established since the mid 1930s, held a 5% stake in the Israeli payment company, amounting to 7,587,230 ordinary shares.
Today, in a notice produced by the London Stock Exchange, it is clearly stated that Henderson Global Investors has relinquished the entire amount of shares, and now holds no voting rights or share capital in the company.
Safecharge stock has held a steady value recently, with prices having closed yesterday at 235.50p, down 0.64% from the previous day.
Safecharge is another example of a specialist company which has attracted the attention of major financial institutions, alongside compatriot CFD broker Plus500, in which JP Morgan has showed a continued interest in maintaining large stakeholdings.
JP Morgan currently owns 6.25% of Safecharge, having purchased its stock post-IPO.
For the full announcement via London Stock Exchange, click here.