JPMorgan Increases Stake in Cairn Homes Plc

On April 4, 2025, Cairn Homes Plc announced a significant increase in holdings by JPMorgan Asset Management Holdings Inc. This move comes as the threshold was crossed on April 2, 2025, with JPMorgan now holding 7.02% of voting rights in the company.

The increase is attributed to the acquisition of financial instruments, raising its voting rights from 6.93% to 7.02%. These include 5.35% direct voting rights and 1.67% through financial instruments. The financial instruments consist of equity swaps accounting for 1% and a right to recall figure of 0.67%.

JPMorgan Asset Management (UK) Limited is directly involved, being part of a chain of controlled undertakings under JPMorgan Asset Management Holdings Inc. This strategic move demonstrates JPMorgan's enhanced interest in Cairn Homes.