JPMorgan Chase has reduced its stake in Pinewood Technologies Group PLC, falling below the 5.7% threshold of voting rights. According to a regulatory filing, the U.S. bank’s position dropped to 5.695% as of October 7, down from 5.935% in the previous notification. The reduction includes both direct shares and financial instruments, with JPMorgan now holding 3.993% of voting rights through shares and 1.702% via financial instruments, totaling 6,555,232 voting rights.
The bank’s direct stake in shares amounts to 4,596,072 voting rights, while the remaining position consists of cash-settled equity swaps expiring between October 15, 2026, and July 25, 2033. Notable among these are swaps for 566,472 voting rights expiring on October 4, 2027, and another for 461,212 voting rights expiring on April 30, 2029.
The announcement was made through a press release filed with the London Stock Exchange’s Regulatory News Service. Pinewood Technologies Group, a UK-based company, trades under the ISIN GB00BSB7BS06. The notification was completed in London on Thursday.