LONDON – SSE (LON:) PLC, a UK-based energy company, has issued a statement retracting a previous announcement regarding changes to its major holdings. The original notification, published today, has been declared an error and should be disregarded.
The announcement in question involved JPMorgan Chase & Co. (NYSE: ) and was originally published as a “shares in the company” notice, suggesting changes in ownership of voting rights. In the retraction, it was stated that the shareholder withdrew the notification due to late posting of trades.
The erroneous publication detailed that JPMorgan Chase & Co. reached the voting rights threshold in SSE PLC on 23 December 2024 and that SSE was notified on 27 December 2024. It listed various financial instruments and their respective percentages of voting rights, which together indicated a significant change in share ownership.
SSE PLC confirmed that the information should not be considered accurate and advised disregarding the details of the original post. The company did not provide any additional information about the nature of the error or any consequences that may result from this recall.
This recall is a reminder of the importance of accurate reporting and the potential impact that misinformation, even when unintentionally released, can have on market perceptions and company valuations.
Investors and the market are advised to rely only on confirmed and verified announcements by SSE PLC. This statement is based on SSE PLC’s press release and clarifies the position of the company’s shareholders following the withdrawal.
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