Bank of America Corporation has filed a TR-1 major holdings notification disclosing a reduction in its combined voting rights position in easyJet plc (LSE: EZJ), the UK-based low-cost airline. The threshold was crossed on 10 November 2026, with easyJet notified on 11 November 2026. The filing shows Bank of America's total position fell to 8.665156% from a previous notification of 8.777225%, representing 65,682,746 voting rights in the FTSE-listed carrier. Investors monitoring institutional ownership shifts in easyJet may note the marginal but formally reportable reduction across both direct shares and financial instruments.

Key Points

  • easyJet plc (EZJ) — UK-listed low-cost airline, ISIN GB00B7KR2P84
  • Bank of America Corporation has reduced its total combined voting rights position in easyJet to 8.665156% from 8.777225% at the previous notification
  • Threshold crossed 10 November 2026; total voting rights held stand at 65,682,746; direct share voting rights of 3.991078% held primarily through Merrill Lynch International, London
  • Investors should watch for further TR-1 filings should Bank of America's position cross additional reportable thresholds

Bank of America's Combined easyJet Stake Falls to 8.67% After 10 November 2026 Threshold Crossing

The TR-1 notification confirms that Bank of America Corporation's total position in easyJet plc, encompassing both voting rights attached to shares and voting rights held through financial instruments, declined to 8.665156% from 8.777225% recorded at the previous notification. The total number of voting rights held in easyJet at the date the threshold was crossed stood at 65,682,746. The voting rights attached to shares specifically fell to 3.991078% from 4.048536%, while rights held through financial instruments reduced to 4.674078% from 4.728689%, reflecting a broad-based, if modest, reduction across the position.

Merrill Lynch International Holds Direct and Indirect Share Voting Rights in easyJet

Within the structure of Bank of America Corporation's holding, Merrill Lynch International — registered in London, United Kingdom — is identified as the key shareholder carrying direct voting rights of 3.988584% and financial instrument-based rights of 4.395311%, giving a combined total of 8.383895% attributable to that entity. The direct share position totals 30,252,772 shares, comprising 30,240,176 held directly under ISIN GB00B7KR2P84 and a further 12,596 shares held indirectly under a US-listed ISIN. Other controlled undertakings listed in the chain include Bank of America National Association, Merrill Lynch B.V., U.S. Trust Co of Delaware, BofA Securities Europe SA, and BofA Securities, Inc.

easyJet Financial Instrument Exposure Includes Cash-Settled Swaps and Physical Options Across Multiple Expiry Dates

The financial instruments component of Bank of America's position is composed primarily of cash-settled swaps across multiple expiry dates ranging from 23 February 2027 to 7 May 2030, with the largest single swap position of 30,597,841 voting rights expiring on 30 April 2027, equivalent to 4.036601% of voting rights. Physical options totalling 214 voting rights expire on 27 May 2027, and rights to recall account for 475,169 voting rights. A cash-settled put option covering 863 voting rights expires on 16 April 2027. These instruments collectively underpin a substantial portion of Bank of America's economic and voting exposure to easyJet.