Cairn Homes Plc Announces Change in Major Holdings

Cairn Homes Plc, an established entity in the real estate sector, disclosed a significant change in its shareholding structure. As of May 2, 2024, Ameriprise Financial, Inc., based in Minneapolis, USA, has altered its voting rights holdings in the company. Previously holding 4.403% of the voting rights, Ameriprise Financial now possesses 3.977% of the voting rights attached to the shares of Cairn Homes Plc.

This change in holdings crosses the notifiable threshold, which prompted the notification to both Cairn Homes Plc and the Central Bank of Ireland on May 8, 2024. The total number of voting rights in the company remains substantial, with 647,209,030 rights noted, showcasing the scale and impact of this transaction.

The specifics of the notification reveal that no financial instruments were involved, and the entire percentage of voting rights is entirely through direct share possession. This reflects a straightforward adjustment in share ownership, marking a slight decrease in Ameriprise Financial's stake in Cairn Homes Plc.