JPMorgan Adjusts Holdings in Cairn Homes Plc

Cairn Homes Plc (CRN) announced a notification regarding the change in the total number of voting rights held by JPMorgan Asset Management Holdings Inc. The adjustment reflects a slight decrease in JPMorgan's interest in the company, marking a new holding threshold that was crossed on 05 April 2024.

The notification, conforming to the Standard Form TR-1 for major holdings, revealed that JPMorgan now holds a combined total of 3.98% of Cairn Homes Plc's voting rights. The change indicates a minor reduction from the previous notification which recorded a 4% holding. This adjustment resulted from transactions that led to a resulting situation of 3.79% of voting rights attached to shares and 0.19% through financial instruments.

The shares directly involved are identified by the ISIN code IE00BWY4ZF18, amounting to 24,619,773 votes or 3.79% of the voting rights. Financial instruments contributing to the change include rights to recall lent out shares and cash-settled equity swaps, adding a further 0.19% in voting rights. The total voting rights figure stands against Cairn Homes Plc’s total number of voting rights of 649,130,814.

JPMorgan's notification also outlines the full chain of controlled undertakings through which the voting rights and financial instruments are held, highlighting the breadth of their investment approach and internal structure.