LONDON - Avalon UK Limited has sold its entire 13.95% stake in educational technology and resources provider RM plc (LSE:RM.), according to a regulatory filing released Friday.

The British Virgin Islands-registered company, controlled by Theodore W. King, no longer holds any voting rights in RM plc after crossing below the reportable threshold on July 2, 2025. The company had previously held a significant position of 13.95% of voting rights attached to shares.

The transaction details, including the sale price and buyer, were not disclosed in the regulatory announcement. The notification, made in accordance with the UK’s Disclosure and Transparency Rules, was submitted to RM plc on July 4.

RM plc, listed on the  London Stock Exchange  (LON:LSEG), specializes in providing technology and resources solutions to the education sector.

The disclosure was made through a standard TR-1 form for notification of major holdings, which is required when an investor crosses certain ownership thresholds in a publicly traded company. The information is based on a regulatory announcement transmitted by EQS Group on behalf of RM plc.

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