Auto Trader Group plc has received a notification of major holdings from BlackRock, Inc. The notification states that BlackRock, Inc. has acquired voting rights and financial instruments in Auto Trader Group plc. The total positions of BlackRock, Inc. in Auto Trader Group plc are as follows: 9.88% of voting rights attached to shares, 1.1% of voting rights through financial instruments, and a total of 10.98% of voting rights. BlackRock, Inc. holds a total of 100,602,232 voting rights in Auto Trader Group plc. The previous notification from BlackRock, Inc. showed a position of 9.92% of voting rights attached to shares, 1.4% of voting rights through financial instruments, and a total of 11.32% of voting rights.
The resulting situation on the date the threshold was crossed or reached is as follows: BlackRock, Inc. holds 90,374,452 direct voting rights in Auto Trader Group plc, which represents 9.88% of the total voting rights. In addition, BlackRock, Inc. holds financial instruments that may result in the acquisition of 1,088,343 voting rights, representing 0.11% of the total voting rights. These financial instruments include American Depository Receipts and Securities Lending. BlackRock, Inc. also holds financial instruments with similar economic effect, such as Cash-settled Contracts for Difference, which result in the holding of 9,139,437 voting rights, representing 0.99% of the total voting rights.
The notification also provides information on the chain of controlled undertakings through which BlackRock, Inc. holds the voting rights and financial instruments. The ultimate controlling person is BlackRock, Inc., and it holds the voting rights and financial instruments through various controlled undertakings, including BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and others.
This notification of major holdings from BlackRock, Inc. provides an update on its voting rights and financial instruments in Auto Trader Group plc. It shows a slight decrease in the percentage of voting rights held by BlackRock, Inc. compared to the previous notification.