Bank of America's Stake in EasyJet Reaches New Threshold

On November 22, 2024, EasyJet plc announced a notification regarding major holdings in the company. The notification, filed by Bank of America Corporation, indicated a change in its voting rights within the airline. The significant threshold was crossed on November 20, 2024, and EasyJet was notified the following day.

Following this adjustment, Bank of America controls 8.839% of the total voting rights in EasyJet. Previously, the financial institution held 8.857%. Detailed breakdowns reveal 0.760% in direct voting rights, alongside 8.079% via financial instruments. These changes predominantly arise from swaps with expiration dates in early 2025.

This update suggests legal entity level crossing, as commented in the notification, potentially impacting EasyJet's shareholder dynamics. The precise ramifications of this shift remain to be seen in financial markets.