JPMorgan Chase increases stake in Renewi PLC

Published 18/02/2025, 13:52
JPMorgan Chase increases stake in Renewi PLC

LONDON - JPMorgan Chase & Co. (NYSE:JPM) has adjusted its holdings in UK-based Renewi PLC, according to a notification of major holdings filed on February 17, 2025. The U.S. financial services giant crossed a significant threshold on February 13, resulting in a combined total of voting rights and financial instruments amounting to 5.941982% of Renewi PLC.

The notification detailed that JPMorgan Chase & Co. now directly holds 3.332058% of voting rights attached to shares, with an additional 2.609924% through financial instruments, primarily cash-settled equity swaps. The total number of voting rights held by JPMorgan Chase & Co. in Renewi PLC after the transaction is 4,786,939.

This change represents an increase from the previous notification, where JPMorgan Chase & Co. held a total of 4.935597% in the waste-to-product company, indicating a strategic shift in the investment bank’s stake in Renewi PLC.

The filing also outlined the full chain of controlled undertakings through which the voting rights and financial instruments are effectively held, with J.P. Morgan Securities plc being a notable entity in the structure, holding a combined total of 3.818513% of voting rights and financial instruments.

Renewi PLC, with its ISIN code GB00BNR4T868, has been informed of the changes as per regulatory requirements. The completion of the notification process took place in London, United Kingdom (TADAWUL:4280), on February 17, 2025.

The information disclosed in this article is based on a press release statement and is intended to provide shareholders and the market with transparent insights into significant changes in share ownership.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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