BlackRock, Inc. has acquired a significant number of voting rights in St. James's Place PLC, a UK issuer. The acquisition was notified on 22nd May 2024 and the total number of voting rights held in the issuer by BlackRock, Inc. now stands at 54,668,142. This represents 9.95% of the voting rights attached to shares, with 8.1% from direct voting rights and 1.85% through financial instruments.
The notification also details the full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held by BlackRock, Inc. This includes various entities such as BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and several others.
This acquisition of voting rights by BlackRock, Inc. in St. James's Place PLC is a significant development and may have implications for the company's corporate governance and shareholder structure. It will be interesting to see how this move by BlackRock, Inc. could potentially impact the strategic direction and decision-making within St. James's Place PLC.