Bank of America Corporation Alters Its Stake in easyJet PLC

On April 3, 2024, Bank of America Corporation changed its position in easyJet PLC, a leading UK-based airline, adjusting its voting rights and financial instrument holdings. The significant transaction was officially notified to easyJet on April 4, 2024. Before this update, Bank of America held a higher percentage in both voting rights and via financial instruments.

The detailed notification revealed that Bank of America’s direct voting rights in easyJet slightly decreased to 3.047092%, down from the previous notification. Simultaneously, their voting rights through financial instruments experienced a minor reduction, now totaling 5.895653%. The aggregate of both forms of holdings now stands at 8.942745%, a decrease from the earlier reported 9.041249%.

This adjustment crossed a notable threshold on April 3, 2024, marking a significant change in Bank of America’s investment in easyJet. The detailed breakdown includes various financial instruments like swaps and rights to recall, indicating a complex investment strategy by Bank of America in the airline sector.