BlackRock Increases Stake in Cairn Homes Following Restructure

On October 3, 2024, Cairn Homes Plc announced significant changes in its shareholder structure due to a group restructure following BlackRock, Inc.'s acquisition of Global Infrastructure Management LLC. The notification was filed using the Standard Form TR-1, as mandated by major holdings regulations. This restructuring resulted in BlackRock owning 4.62% of Cairn Homes' voting rights, an increase from the previous 4.41%.

The 4.62% is divided into 3.14% from direct voting rights attached to shares and 1.47% through financial instruments like CFDs. These changes were triggered on October 1, 2024, and Cairn Homes was notified on October 2, 2024. BlackRock's control extends across multiple entities, including BlackRock Finance, Inc. and BlackRock Holdco 2, Inc.