Burberry Group PLC has received a notification of major interests in shares from BlackRock, Inc. The notification, in the form of a TR-1 standard form, details the acquisition or disposal of voting rights by BlackRock, Inc. The notification was made on 14-Aug-2024, and the issuer was notified on 15-Aug-2024. BlackRock, Inc. now holds 7.5% of voting rights attached to shares in Burberry Group PLC, with 4.97% from direct voting rights and 2.53% through financial instruments.
The details of the shareholder, BlackRock, Inc., include its full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held. This includes various entities such as BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and others, each holding a percentage of voting rights if it equals or is higher than the notifiable threshold.
The breakdown of the financial instruments held by BlackRock, Inc. includes American Depository Receipt, Securities Lending, and Contracts for Difference (CFD), each contributing to the total voting rights. The notification provides a comprehensive overview of the total positions and the resulting situation on the date on which the threshold was crossed or reached.
This notification of major interests in shares by BlackRock, Inc. provides transparency regarding the significant holdings and voting rights in Burberry Group PLC. It offers insight into the distribution of voting rights and the entities through which these rights are effectively held, contributing to a better understanding of the company's shareholder landscape.