Ameriprise Financial Increases Stake in Cairn Homes Plc

Ameriprise Financial, Inc., based in Minneapolis, USA, has increased its shareholding in Cairn Homes Plc. The acquisition raised their voting rights, surpassing the 5% threshold, reaching 5.032% on November 1, 2024. The notification to Cairn Homes was made on November 5, 2024.

This move marks an increase from the previous holding of 4.217%. Cairn Homes Plc, identified by the ISIN IE00BWY4ZF18, now has an adjusted total of 627,752,747 voting rights. The acquisition did not involve any financial instruments.

The notification indicates that Ameriprise Financial, through its controlled undertakings such as Columbia Threadneedle Investments, holds the voting rights. However, specifics on the percentage held through each entity remain undisclosed. This transaction underscores a strategic position by Ameriprise Financial in the residential construction sector.