JPMorgan Chase & Co. increased its stake in Pinewood Technologies Group PLC to 6.164% from 5.496%, the U.S. bank said in a filing with the London Stock Exchange’s Regulatory News Service.
The position comprises 3.608% in voting rights attached to shares and 2.557% via cash-settled equity swaps, raising the total voting rights to 7,095,194 shares. The previous stake was split between 3.284% in voting rights and 2.212% through financial instruments.
JPMorgan’s direct voting rights now stand at 4,152,314 shares, held through J.P. Morgan Securities PLC. The swaps, which have expiration dates ranging from September 30, 2026 to July 25, 2033, include positions of 633,222 voting rights expiring October 4, 2027 and 461,212 voting rights expiring April 30, 2029.
The bank crossed the 6% threshold on August 24 and notified regulators on August 26, the filing showed.
