Bank of America Corp Increases Stake in easyJet plc

Bank of America Corporation has adjusted its stake in UK-based airline easyJet plc, crossing a notable shareholding threshold. This change was reported on April 24, 2024, with easyJet being officially informed the following day. The notification, submitted via a standard TR-1 form, highlighted both an increase in direct and indirect voting rights held by the financial entity.

The total combined voting rights after the new adjustments stand at 14.269654%, specifically encompassing direct voting rights percentage of 5.045236% and indirect rights through financial instruments reaching 9.224418%. This change indicates a slight overall increase from the previous notification figures where total voting rights were at 14.254728%.

Noteworthy was the role of Merrill Lynch International, associated as the shareholder in the context, although the specific details of their involvement remain general. The filings include various financial instruments such as swaps and physical options, with marked details about their expiration dates and impact on voting rights.