JPMorgan Chase & Co. has notified Ascential PLC of an increase in its stake, crossing the threshold of 8% of voting rights. As of February 20, 2024, JPMorgan Chase & Co. holds 6.755965% of voting rights attached to shares and 1.429930% of voting rights through financial instruments, totaling 8.185895%. This amounts to a total of 36,433,927 voting rights held in the issuer.
The increase in stake is attributed to JPMorgan Chase & Co.'s subsidiary, J.P. Morgan Securities plc, which holds the voting rights. Additionally, JPMorgan Chase & Co. has disclosed a detailed list of financial instruments with similar economic effects, including cash-settled equity swaps with various expiration dates and settlement periods.
The notification also provides information on the chain of controlled undertakings, revealing the entities through which the voting rights and financial instruments are effectively held. This includes JPMorgan Chase Bank, National Association, J.P. Morgan International Finance Limited, J.P. Morgan Capital Holdings Limited, J.P. Morgan Securities LLC, and others, all ultimately controlled by JPMorgan Chase & Co.
The disclosure offers transparency regarding the increase in JPMorgan Chase & Co.'s stake in Ascential PLC, providing insight into the entities and financial instruments involved in the acquisition of voting rights.