Cairn Homes Plc Announces New Voting Rights Threshold Reached by Ameriprise Financial

Cairn Homes Plc, a well-recognized name in the housing industry, has reported a significant change in its shareholder structure. On April 3, 2024, the company disclosed that Ameriprise Financial, Inc. has surpassed the 4% threshold in voting rights. This notification comes after the transfer in of Temporary Proxy Voting Shares to Ameriprise Financial, marking a noticeable shift in the company's voting rights landscape.

According to the details provided by Cairn Homes Plc, the new holding by Ameriprise Financial encompasses a total of 4.403% in voting rights, resulting from a direct accumulation of 28,401,786 voting rights. This development was officially notified to Cairn Homes Plc on April 3, 2024, following the transaction that occurred on March 29, 2024. It is a leap from the previous notification which recorded a 3.929% holding by Ameriprise Financial in the company.

The disclosure adheres to the regulatory framework, underpinning the transparency in major holdings required by the Central Bank of Ireland. It also details the controlled undertakings through which Ameriprise Financial, Inc. holds the voting rights, providing insights into the structure of this financial involvement.