Bank of America Corporation Updates Its Stake in easyJet

On April 10th, 2024, a notification was issued concerning Bank of America Corporation's recent acquisition and disposal of financial instruments related to easyJet plc. This change has affected the company’s shareholding and voting rights within easyJet, a major UK-based airline.

The notification, following the TR-1 standard form, reports that the threshold change occurred on April 8th, 2024, and was promptly notified to the issuer by the next day. As a result, Bank of America now holds a total voting right of 9.415562% in easyJet plc, an increase from their previous position.

Specifically, the bank's direct and indirect voting rights in shares now stand at 3.363143%, complemented by voting rights through financial instruments amounting to 6.052419%. Among financial instruments, a range of swaps expiring between April and October 2025 and various physical options contribute to the bank’s increased stake.

This movement in easyJet’s shareholder landscape highlights Bank of America Corporation’s adjusted interest in the airline, reflecting changes in financial instrument holdings that impact voting rights percentages significantly.