Bank of America Increases Stake in easyJet

easyJet PLC reported a significant change in shareholdings as Bank of America Corporation increased its stake in the company. On April 22, 2024, the threshold was crossed, prompting notification on the following day. The latest data reveal Bank of America now controls 11.124911% of easyJet's voting rights, an increase from the previous notification of 10.971427%.

This adjustment in voting rights is attributed to both direct shares and financial instruments. Directly, the Bank of America holds approximately 3.475172% in shares, with the addition of various financial derivatives and swaps influencing an additional 7.649739%. Despite some previous fluctuations in voting rights, this stage marks a notable consolidation of Bank of America's interest in easyJet.

The detailed breakdown includes changes via physical swaps and options, contributing to a dynamic structure of the holdings. easyJet notifies this change in accordance with regulatory requirements and continues to update the market on significant shifts in shareholdings.