Bank of America Increases Stake in easyJet

Bank of America Corporation has significantly increased its holdings in easyJet plc, crossing a notable threshold in company shares and financial instruments. On April 23, 2024, the threshold was crossed, and easyJet was promptly notified the following day.

According to the notification, Bank of America now holds a total of 14.254728% in combined voting rights, marking an increase from the previous notification which recorded 11.124911%. The total number of voting rights now held by Bank of America in easyJet amounts to 108,052,256.

The detailed breakdown reveals that direct voting rights attached to shares contribute 5.059065% while financial instruments account for 9.195663%. This adjustment in holdings positions Bank of America as a significant shareholder, influencing the strategic directions of the UK-based airline.