JPMorgan Increases Stake in Cairn Homes Plc to Over 5%

Cairn Homes Plc has announced a significant change in their major holdings, revealing that JPMorgan Asset Management Holdings Inc. has increased its voting rights in the company. As of May 13, 2024, JPMorgan holds a total of 5.24% in combined direct and financial instruments voting rights.

The notification came after JPMorgan crossed the 5% threshold, holding directly 5.06% of voting rights attached to shares and an additional 0.17% through financial instruments such as equity swaps. The acquisition resulted in JPMorgan's total voting rights in the Dublin-based homebuilder reaching 5.24%, a slight rise from the previous 5.21% ownership.

These changes were officially notified to Cairn Homes on May 14, 2024, indicating JPMorgan's continued interest and investment in the Irish real estate sector. This marks a strategic adjustment in holdings that could influence Cairn Homes' future operations and investor relations.