Major Shareholding Change in Cairn Homes Plc by JPMorgan Asset Management

Cairn Homes Plc announced a significant shift in shareholding as JPMorgan Asset Management’s holdings crossed a crucial threshold. As of May 10, 2024, JPMorgan Asset Management increased their total holdings in Cairn Homes Plc to 5.21%, thereby crossing the 5% threshold which necessitated a regulatory notification to both the company and the Central Bank of Ireland.

This change is primarily attributed to an acquisition of voting rights, pushing JPMorgan's direct voting rights in Cairn Homes to 5.04%. In addition, they hold a further 0.17% through financial instruments such as cash-settled equity swaps. The resulting situation tallied the total voting rights directly and indirectly controlled by JPMorgan Asset Management at about 5.21% of Cairn Homes Plc, equating to 33,723,933 voting rights based on the total number of voting rights of 646,915,027 in the issuer.

This notification also confirms the structure of control via JPMorgan's subsidiary chain, including JPMorgan Asset Management (UK) Limited among others, influencing this threshold crossing event. The company’s involvement in Cairn Homes showcases strategic positioning within the real estate sector by major global asset management firms.