Ascential PLC, a UK-based company, received a notification of major holdings from JPMorgan Chase & Co. on 6th February 2024. JPMorgan Chase & Co. disclosed an increase in its voting rights in Ascential PLC to 6.649432% from a previous 5.222678%. This increase was a result of an acquisition of voting rights, with 5.016587% from direct voting rights and 1.632845% through financial instruments.
The notification also detailed the financial instruments held by J.P. Morgan Securities plc, including various cash-settled equity swaps with expiration dates ranging from 2024 to 2031. These instruments collectively accounted for 1.632845% of the voting rights in Ascential PLC.
The notification further revealed the chain of controlled undertakings through which the voting rights and financial instruments were effectively held, starting with JPMorgan Chase & Co. as the ultimate controlling entity. J.P. Morgan Securities plc and J.P. Morgan Securities LLC were listed as controlled undertakings, with percentages of voting rights and financial instruments disclosed.
The notification did not include information regarding proxy voting. This notification provides insight into the changes in major holdings of Ascential PLC and the entities involved, offering transparency to the market and stakeholders.