Seria: Sprucegrove's stake dips below 10% threshold

On February 19, 2025, Seria (TSE:2782) disclosed that Sprucegrove Investment Management Ltd.'s holdings decreased, triggering a change in the company's major shareholder landscape. A change report submitted to the Kanto Local Finance Bureau on February 18, 2025, revealed that Sprucegrove's ownership fell to 9.29% of the total voting rights as of February 12, 2025, equivalent to 6,987,298 shares. This is a decrease from the 10.38% stake, or 7,806,498 shares, held as of December 2, 2024. The percentage is calculated based on the total number of voting rights of 751,942, deducting the shares without voting rights from the total issued shares as of September 30, 2024. The company has not confirmed the actual number of shares beneficially owned by the shareholder.