Bank of America Corporation has increased its stake in Close Brothers Group PLC, crossing the threshold of 6% of voting rights. The acquisition or disposal of financial instruments led to a total of 6.835462% of voting rights, with a total of 10,286,519 voting rights held in the issuer. The notification was made on 14th March 2024, with the threshold being crossed on 13th March 2024.

The details of the shareholder, Merrill Lynch International, a UK-based entity, played a significant role in the acquisition. The shareholder's direct voting rights amounted to 3.140044%, with an additional 3.695418% of voting rights through financial instruments. These financial instruments included swaps with various expiration dates, contributing to a total of 3.687770% of voting rights.

The ultimate controlling person, Bank of America Corporation, holds voting rights through various controlled undertakings, including Bank Of America, National Association, BofA Securities Europe SA, and Managed Account Advisors, LLC. The total voting rights through these undertakings and financial instruments equaled 5.031840%.

This notification provides insight into Bank of America Corporation's increased stake in Close Brothers Group PLC, reflecting its confidence in the company's prospects.