Changes in easyJet Major Holdings Announced

easyJet plc, a leading UK-based airline, has disclosed a significant change in its shareholding structure. The notification follows an acquisition or disposal of financial instruments by Bank of America Corporation, leading to a notable shift in ownership percentages as of 2nd April 2024. This adjustment was officially communicated to easyJet on the 3rd April 2024.

The disclosed details reveal Bank of America Corporation holds a combined total of 9.041249% of easyJet's voting rights, marking a decrease from the previous notification. Specifically, direct voting rights attached to shares amount to 3.144960%, with additional voting rights through financial instruments bringing the total to 9.041249%. This position reflects a total of 68,533,585 voting rights within the issuer.

Significant to this adjustment are various financial instruments, notably swaps and physical options, with expiration dates ranging up to 17th July 2025. These instruments, which include both physical and cash settlement options, play a critical role in the Bank of America Corporation's strategic positioning within easyJet. The detailed breakdown of these instruments showcases a dynamic and meticulously planned approach to shareholding and voting rights management.