Bank of America Corporation has notified Close Brothers Group PLC of an increase in its voting rights to 10.21% as of April 2, 2024. This is up from the previous 9.89% held. The increase is attributed to the acquisition of financial instruments. Bank of America Corporation holds 2.54% of voting rights attached to shares and 7.67% through financial instruments. The total number of voting rights held in the issuer is 15,367,101.
The details of the resulting situation on the date the threshold was crossed or reached indicate that Bank of America Corporation holds 3,828,587 direct voting rights, representing 2.54%, and 1,534,051 voting rights through financial instruments, representing 1.02%. These financial instruments include options for the acquisition of voting rights and swaps with similar economic effects.
The notification also provides information on the chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held. Bank of America Corporation's holdings include controlled undertakings such as Bank Of America, National Association, Managed Account Advisors, LLC, Merrill Lynch International, and BofA Securities Europe SA.
The notification was completed on April 3, 2024, and the place of completion was not specified. This notification provides an overview of the changes in voting rights and financial instruments held by Bank of America Corporation in Close Brothers Group PLC as of April 2, 2024.