Bank of America Modifies Stake in easyJet

easyJet PLC, a major UK-based airline, recently disclosed a significant change in shareholding by Bank of America Corporation. According to the TR-1 notification, this adjustment relates specifically to voting rights acquisitions and disposals within the company. The notice stated that as of April 25, 2024, Bank of America's total voting rights in easyJet experienced a shift.

The total combined voting rights now stand at 13.567301%, down from a previous total of 14.269654%. This change is attributed to both direct voting rights and voting rights through financial instruments such as swaps and other derivatives. Direct voting rights slightly decreased, whereas the bulk of the change occurred in financial instruments, impacting easyJet’s overall ownership structure.

This update will be crucial for easyJet’s shareholders and potential investors monitoring the dynamic landscape of the airline’s corporate ownership.