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Abbey National is largest LSE shareholder

After the first day of trading of London Stock Exchange shares, Abbey National has emerged as the largest shareholder.

The high street bank acquired a number of small stock brokers&#39 shareholders which left it with six lots of 100,000 shares.

Other large holders are Credit Suisse, First Boston, Old Mutual and ABN Amro with 500,000 shares apiece.

All 288 members of the listing, who voted in favour of demutualisation in March, received 100,000 shares each.

The opening price of the shares was set at £28, but it quickly slipped back to £22. Throughout the day, less than 1 per cent of the shares exchanged hands.

Under regulations, no shareholder can own more than a 4.9 per cent stake in the listing.


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