BlackRock, Inc. has notified a major holdings acquisition in Pennon Group Plc. The notification, dated 3rd June 2024, states that BlackRock, Inc. now holds 6.03% of voting rights attached to shares, with 5% from direct voting rights and 1.03% from financial instruments. This amounts to a total of 17,280,392 voting rights held in the issuer. The previous notification indicated a total of 5.85% voting rights, showing an increase in BlackRock, Inc.'s holdings.
The details of the resulting situation on the date the threshold was crossed or reached are as follows: 5% of direct voting rights are attached to shares, and 1.03% of voting rights are through financial instruments. The financial instruments include American Depository Receipt, Securities Lending, and Contracts for Difference (CFD).
The notification also provides information about BlackRock, Inc.'s controlled undertakings through which the voting rights and/or the financial instruments are effectively held. The chain of controlled undertakings includes various entities such as BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and several others.
This notification is in accordance with the TR-1: Standard form for notification of major holdings and provides transparency about the change in major holdings within Pennon Group Plc.