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Bank of America Adjusts Stake in easyJet

easyJet plc, a UK-based airline, has disclosed changes in the ownership stakes by Bank of America Corporation. According to the official notification, the event that warranted this disclosure involved changes in voting rights and financial instruments related to the company's shares.

The notification, compliant with transparency regulations, highlighted a decrease in combined voting rights by Bank of America, now totaling 10.591408%. Previously, the firm held 13.048175% voting power. This adjustment occurred on May 1, 2024, and easyJet was informed the following day.

The detailed breakdown shows a shift predominately in the financial instruments, characterized by a mix of physical swaps and options that affect voting powers variably. Notably, crucial financial instruments like swaps are set to expire on varying dates, with significant concentration around mid-2025, influencing the strategic positioning of Bank of America within easyJet.

R. P.

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