Bank of America Adjusts Stake in EasyJet

On March 27, 2024, EasyJet PLC announced adjustments in shareholding by Bank of America Corporation, marking significant changes in the ownership structure. The notification, abiding by the TR-1 standard form for notification of major holdings, highlights an acquisition or disposal of voting rights and financial instruments in the airline company.

Bank of America's total holding in EasyJet following the adjustment stands at 9.868214% of the voting rights, combining both direct voting rights attached to shares and voting rights through financial instruments. This reflects a shift from a previous notification where Bank of America held 10.341583% of the voting rights, signifying a decrease in their total investment in the company.

Specifically, the adjustment on March 26, 2024, resulted in the Bank of America holding 3.536951% of direct voting rights and 6.331263% through financial instruments, amounting to a total of 74,802,051 voting rights in EasyJet. The detailed breakdown includes various types of financial instruments such as rights to recall, physical swaps, and options, with several cash-settled swaps set to expire on different dates throughout 2024 and beyond.