Barclays PLC Reports 1.25M LOKVU Shares; Sole Voting Power Noted
Rhea-AI Filing Summary
Barclays PLC reports ownership of 1,252,359 shares of Live Oak Acquisition Corp‑A common stock, representing 5.44% of the class. The filing states Barclays has sole voting and sole dispositive power over these shares and reports no shared powers. The filer classifies itself as a parent holding company (HC) and identifies Barclays Bank PLC as the subsidiary that acquired the securities. The statement certifies the holdings are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Material disclosure: Ownership of 1,252,359 shares disclosed, representing 5.44% of the class
- Sole control reported: Barclays reports sole voting and sole dispositive power over these shares
- Passive intent certified: Filing states holdings are held in the ordinary course of business and not to influence control
- Subsidiary identified: Barclays Bank PLC is named as the subsidiary that acquired the securities
Negative
- None.
Insights
Barclays' passive 5.44% stake is material enough to require disclosure but is reported as non-control and held in the ordinary course.
The filing discloses an institutional position above the 5% threshold, totaling 1,252,359 shares (5.44%). Barclays reports sole voting and dispositive power, which formally conveys the ability to vote and sell the shares, while its certification asserts a passive intent. For investors, the key facts are the size of the holding and the filers stated non-control purpose; the filing itself provides transparency on ownership without indicating active governance involvement.
Schedule 13G shows a passive disclosure with sole voting power noted; the filer affirms no intent to influence control.
The document identifies Barclays PLC as the reporting parent holding company (HC) and names Barclays Bank PLC as the subsidiary that acquired the securities. The absence of shared voting/dispositive power and the certification that holdings are held in the ordinary course suggest a passive stake under Schedule 13G rules. This is a compliance disclosure of material ownership rather than an active governance move.