Auto Trader Group plc has received a notification of major holdings from BlackRock, Inc. The reason for the notification is an acquisition or disposal of financial instruments. BlackRock, Inc. is a US-based company with its registered office in Wilmington. The threshold was crossed or reached on October 9, 2023, and the issuer was notified on October 10, 2023.
BlackRock, Inc. currently holds 9.92% of the voting rights attached to shares in Auto Trader Group plc. This represents a total of 90,842,256 direct voting rights. In addition, BlackRock, Inc. holds 1.4% of the voting rights through financial instruments, which includes American Depositary Receipts and Securities Lending. This represents a total of 1,255,850 voting rights.
The notification also provides information on the chain of controlled undertakings through which BlackRock, Inc. holds the voting rights and financial instruments. This includes various subsidiaries and entities such as BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and others.
Overall, BlackRock, Inc. has increased its total voting rights in Auto Trader Group plc from 11.56% to 11.32% as a result of this acquisition or disposal of financial instruments.