Bank of America Increases Stake in Travis Perkins

Travis Perkins PLC announced a significant change in shareholdings as Bank of America Corporation has crossed a major threshold. According to a TR-1 notification filed on May 9, 2024, the change occurred on May 7, altering the landscape of the company's major shareholders.

The notification detailed that Bank of America now holds a total of 7.364105% in combined voting rights through shares and financial instruments. This increase from a previous total of 6.834699% results from acquisitions in both direct voting rights, which now stand at 2.778493%, and various financial instruments yielding 4.585612%. The total voting rights directly associated with shares have reached 5,904,557.

This shift in shareholding structure followed acquisitions through physical swaps and cash-settled swaps, indicating a strategic adjustment in Bank of America’s investment approach towards Travis Perkins. The additional details provided in the notification reflect compliance with market regulations and transparency in shareholder communications.