JPMorgan Chase Acquires Substantial Stake in Lotus Resources
JPMorgan Chase & Co. has acquired a significant stake in Lotus Resources Ltd (ASX:LOT), obtaining 5.86% of the company's voting power. The acquisition was made through multiple JPMorgan entities, including securities lending and proprietary trading agreements.
The relevant interests span several JPMorgan affiliates, with JPMorgan Chase Bank, N.A. holding 11,312,773 ordinary shares as securities on loan. J.P. Morgan Securities PLC controls 13,225,483 ordinary shares subject to return obligations under securities lending agreements.
JPMorgan Asset Management entities also hold a portion of the shares, with J.P. Morgan Securities Australia Limited holding 113,072 ordinary shares through principal trading activities. The company's registered holders include JPM Nominees Australia Pty Limited and Citi Australia.