Bank of America Increases Stake in EasyJet

Bank of America Corporation has escalated its holdings in easyJet plc, according to a notification dated November 13, 2024. The detailed disclosure reveals a legal entity level crossing, impacting the voting rights within the company.

The crossing occurred on November 12, 2024, raising the Bank's total voting rights in EasyJet to 8.885605%, an increase from the previous 8.839559%. This increase in voting rights comprises 0.827160% attached directly to shares and 8.058445% via financial instruments.

A variety of financial instruments, particularly swaps with various expiration dates, contribute to this increase. Prominent among these are swaps expiring in early 2025, affecting voting rights by substantial percentages, such as those on January 14 and March 28.