Travis Perkins Announces Major Shareholding Update

Travis Perkins PLC reported a significant change in shareholding as disclosed in a recent TR1 notification. The update follows Bank of America Corporation's revised holding status as of May 16, 2024. This notice details changes made due to an amended calculation methodology for cash equity positions, primarily for client facilitation.

On May 14, 2024, the threshold was crossed, leading to a new notification requirement by May 16, 2024. The revised interest in Travis Perkins showcases a voting rights total of approximately 1.888432%, combining both direct shares and financial instrument-derived rights, with the total number of voting rights tallying up to 4,013,095.

While the previous notification indicated much higher percentages and rights, the latest filing highlights a significant decrease, owing primarily to changes in the holding structure facilitated through various financial instruments like swaps and physical swaps, set to expire on multiple dates ranging from May 2024 to May 2025.