JPMorgan Asset Management Holdings Increases Stake in Cairn Homes Plc

JPMorgan Asset Management Holdings Inc. has increased its stake in Cairn Homes Plc, an Irish homebuilder. The notification, dated October 25, 2024, indicates the financial firm's enlarged position in the company's voting rights through acquiring financial instruments. As a result, JPMorgan's total voting rights in Cairn Homes now stand at 6.32%, surpassing the previous level of 6.00%.

Specifically, JPMorgan holds 5.79% of voting rights attached directly to shares, alongside a 0.53% interest through financial instruments, including a right to recall and cash-settled equity swaps. This expansion in holdings was recorded on October 21, 2024, and reported to Cairn Homes on October 23, 2024.

An intricate web of controlled undertakings substantiates this move, led by JPMorgan Asset Management Holdings Inc. and extending to JPMorgan Asset Management (UK) Limited.