Cairn Homes Plc Announces Change in Major Shareholdings

Cairn Homes Plc reported a significant modification in its shareholder structure, which was notified on 19 April 2024. The update highlights a decrease in shares held by FMR LLC, which resulted in the crossing of a threshold on 17 April 2024, reducing their holding in the company to 8.32% of the voting rights. Previously, FMR LLC possessed 8.94% of voting rights in Cairn Homes.

The notice does not indicate any possession of voting rights through financial instruments, suggesting a straightforward shareholding structure for FMR LLC. The total number of voting rights involved is linked to 648,343,920 shares of Cairn Homes with the ISIN code IE00BWY4ZF18.

This adjustment in holdings represents a clear shift in the stake of one of Cairn Homes' major shareholders and is essential for investors monitoring equity changes within the firm. The notification also outlines the direct and indirect voting rights, both marked at 8.32%, associated exclusively with share ownership.