Corero Network Security PLC (CNS), the AIM-listed cybersecurity company, has received a major shareholding notification disclosing that Caraway Group Inc has reduced its voting rights stake from 9.958% to 7.986%. The threshold crossing occurred on 3 November 2026, with the notification submitted to Corero on 5 November 2026. The disclosure, filed under DTR5 rules, represents a meaningful reduction in one of the company's larger declared shareholding positions, which investors in the AIM-traded cybersecurity firm may be watching closely.

Key Points

  • Corero Network Security PLC (CNS) — AIM-listed cybersecurity company (ISIN: GB00B54X0432)
  • Caraway Group Inc has reduced its voting rights position in Corero from 9.958% to 7.986% following a disposal of shares
  • The resulting holding equates to 40,900,000 voting rights held directly as of 3 November 2026
  • Investors may watch whether further threshold crossings follow this reduction in one of the company's significant declared positions

Caraway Group Inc Reduces Direct Voting Rights to 40.9 Million Shares in Corero

According to the TR-1 notification filed with Corero Network Security PLC, Caraway Group Inc — a company registered in Obarrio, Panama — now holds 40,900,000 voting rights directly in Corero, equating to 7.986% of the total voting rights in the issuer. This compares with a previous notified position of 9.958%, indicating a disposal of voting rights sufficient to cross a disclosure threshold. All of the notified holding is classified as direct voting rights attached to shares under DTR5.1, with no financial instruments such as options or contracts for difference forming part of the position.

R Price Named as Person Subject to Notification Obligation, Based in Lugano, Switzerland

The notification identifies R Price, based in Lugano, Switzerland, as the person subject to the disclosure obligation, with Caraway Group Inc named separately as the registered shareholder. The form indicates that the person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Corero. The notification was completed in Kyoto, Japan, on 6 November 2026, and was submitted to Corero the previous day, in line with applicable regulatory timelines under the FCA's Disclosure Guidance and Transparency Rules.

Corero Network Security Operates as an AIM-Traded DDoS Protection Specialist

Corero Network Security is a specialist provider of distributed denial-of-service protection solutions, with its shares admitted to trading on the AIM market of the London Stock Exchange under the ticker CNS. The company focuses on real-time, automatic DDoS detection and mitigation technology, serving internet service providers, hosting providers, and enterprises globally. As an AIM-traded issuer, Corero is subject to prescribed market disclosure rules, meaning major shareholders are required to notify the company directly when their voting rights cross specified thresholds, as has occurred in this instance with the Caraway Group position.

Significance of the Threshold Crossing Under DTR5 Rules for CNS Investors

Under the FCA's DTR5 framework applicable to AIM-listed companies, shareholders must notify an issuer when their voting rights cross thresholds including the 10% and subsequent 1% intervals. The movement of Caraway Group's holding from 9.958% to 7.986% represents a fall through the 9% threshold, triggering this mandatory disclosure. The announcement states this was driven by an acquisition or disposal of voting rights. The company did not disclose the price at which any disposal was transacted, nor any commentary on the strategic rationale behind the reduction in Caraway Group's position.