Bank of America Corporation has notified Close Brothers Group PLC of an increase in its stake, crossing the threshold on March 26, 2024. The resulting situation on the date the threshold was reached shows that Bank of America Corporation holds 7.86% of voting rights in Close Brothers Group PLC, with a total of 11,834,085 voting rights. This is a significant increase from the previous position, which was at 1.80% of voting rights.
The notification details the breakdown of the voting rights, with 2.54% attached to shares and 5.33% through financial instruments. The financial instruments include various swaps with expiration dates ranging from April 2024 to February 2028, collectively amounting to 4.31% of voting rights.
The notification also provides information about the chain of controlled undertakings through which the voting rights and/or financial instruments are effectively held, starting with Bank of America Corporation as the ultimate controlling person. The controlled undertakings include Bank Of America, National Association, Managed Account Advisors, LLC, Merrill Lynch International, and BofA Securities Europe SA.
This notification indicates a significant change in the ownership structure of Close Brothers Group PLC, with Bank of America Corporation substantially increasing its stake in the company.