BlackRock, Inc. has acquired voting rights in Morgan Advanced Materials PLC, a UK issuer. The acquisition was notified on 22nd August 2024, with BlackRock, Inc. now holding 5.83% of the voting rights attached to shares, representing a total of 16,692,419 voting rights. This is an increase from their previous position of 5% of voting rights. The acquisition includes both direct voting rights and voting rights through financial instruments.
The details of the shareholder, BlackRock, Inc., and its controlled undertakings through which the voting rights and/or the financial instruments are effectively held, were also provided. The notification includes a comprehensive list of the chain of controlled undertakings, including various entities and their respective percentages of voting rights.
This acquisition of voting rights by BlackRock, Inc. in Morgan Advanced Materials PLC indicates a significant change in the company's shareholder structure and may have implications for the future direction and decision-making within the organization.