JPMorgan Chase & Co Acquires Significant Stake in Trainline PLC
Trainline PLC has announced that JPMorgan Chase & Co has acquired financial instruments in the company, resulting in a significant increase in voting rights. According to the notification, JPMorgan Chase & Co now holds 4.818% of Trainline's total voting rights through its subsidiary J.P. Morgan Securities plc.
The acquisition was made on September 1, and the issuer notified on September 3. The financial instruments are cash-settled equity swaps, which have various expiration dates ranging from October 2026 to September 2031.
JPMorgan Chase & Co has a chain of controlled undertakings that includes J.P. Morgan Securities plc, which holds the majority of its voting rights in Trainline PLC.