Bank of America Corporation Increases Stake in easyJet

Bank of America Corporation has adjusted its holdings in easyJet plc, as disclosed in a recent regulatory filing. The change in ownership reached a threshold on March 27, 2024, with the issuer being notified the following day.

The total combined voting rights held by Bank of America Corporation in easyJet now amount to 10.132578%, comprising both direct voting rights and rights through financial instruments. The exact number of voting rights directly attached to shares is 3.711416%, while voting rights through financial instruments total 6.421162%. Consequently, Bank of America holds 76,805,970 voting rights in the airline.

The details reveal a diverse approach in the acquisition of these voting rights, involving both physical and cash-settled swaps, as well as other financial instruments such as rights to recall and options. This strategic move signals a significant increase in Bank of America's interest in easyJet, marking a progression from their previous position.