Japan PM Ishiba to announce resignation by August end – Mainichi
LONDON - Bank of America Corporation (NYSE:BAC) has significantly reduced its stake in Australian gold miner Resolute Mining Limited (ASX:RSG), according to a regulatory filing released Tuesday.
The U.S. banking giant now holds 0.92% of voting rights in Resolute Mining, down from a previous position of approximately 7.25%. The threshold was crossed on July 2, with the issuer notified on July 3, according to the standard form for notification of major holdings.
Bank of America’s current position consists of 0.69% of voting rights attached to shares (14,622,541 shares) and 0.24% through financial instruments, primarily swaps with various expiration dates extending to 2027.
The substantial reduction represents a decrease of over 6.3 percentage points from the bank’s previous notification, which had reported a combined position of 7.25% through direct shares and financial instruments.
Resolute Mining, listed on the Australian Securities Exchange, operates gold mines in Africa. The company’s shares are traded under the ISIN code AU000000RSG6.
The notification was made in accordance with regulatory requirements for disclosure of major shareholding changes. The information was provided through a regulatory news service filing from the London Stock Exchange (LON:LSEG).
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.