Intertek Group PLC (ITRK), the London-listed global quality assurance and testing services company, has disclosed that Bank of America Corporation crossed a significant voting rights threshold in the business. A TR-1 major holdings notification published on 2 November 2026 confirms that Bank of America's combined position reached 10.062368% of total voting rights as of 29 October 2026, up from a previous notified position of 9.904496%. The disclosure, filed under DTR5 transparency rules, is likely to attract attention from investors monitoring institutional activity in Intertek's register.

Key Points

  • Intertek Group PLC (ITRK) — UK-listed global testing, inspection and certification services provider
  • Bank of America Corporation crossed the 10% combined voting rights threshold on 29 October 2026
  • Total combined position stands at 10.062368%, representing 15,489,184 voting rights in Intertek
  • Investors may watch whether Bank of America's position continues to move in subsequent TR-1 filings

Bank of America's Combined Voting Rights Position in Intertek Reaches 10.062368%

According to the TR-1 notification, Bank of America Corporation's total position comprises two components: voting rights attached directly to shares, standing at 0.684302%, and voting rights held through financial instruments, amounting to 9.378066%. Together, these produce a combined figure of 10.062368%, equivalent to 15,489,184 voting rights in Intertek Group PLC. The previous notified position stood at 9.904496% in total, reflecting a combined direct shareholding of 0.276307% and financial instruments of 9.628189%, indicating that the direct share component has increased materially since the prior notification.

Intertek ITRK Shares and Financial Instruments Breakdown Across Bank of America Subsidiaries

The direct voting rights component of 1,053,358 shares is held across two ISIN codes: GB0031638363, representing 1,045,720 shares at 0.679340%, and US4611301064, covering 7,638 shares at 0.004962%. The financial instruments component is more substantial, consisting of a right to recall representing 17,443 voting rights, alongside a significant portfolio of cash-settled swaps with expiry dates ranging from November 2026 through to May 2030. These swaps collectively account for 14,418,383 voting rights, or 9.366734% of the total, with the largest single swap expiring 28 June 2027 covering 3,330,532 voting rights.

Merrill Lynch International and Bank of America National Association Among Notified Controlled Undertakings

The notification identifies several Bank of America controlled undertakings through which the interests are effectively held. Merrill Lynch International holds a combined total of 5.992626% across voting rights and financial instruments, while Bank of America, National Association accounts for 4.061055%. Other entities named in the chain include BofA Securities, Inc., BofA Securities Europe SA, and U.S. Trust Co of Delaware, though specific percentage figures are not provided for all entities in the disclosure. The ultimate controlling person across all these undertakings is confirmed as Bank of America Corporation, headquartered in Wilmington, United States.

Intertek Group's Testing and Certification Business Provides Context for Major Shareholder Disclosure

Intertek Group PLC operates as a global provider of quality assurance, testing, inspection, and certification services, with operations spanning numerous industry sectors and geographies. The company generates revenue through service contracts with businesses seeking compliance, safety, and quality verification across their supply chains. Major institutional shareholder movements such as this TR-1 filing are routine disclosures required under UK transparency rules and do not, in themselves, indicate any change in Intertek's business strategy or financial performance. Investors monitoring Intertek's shareholder register may note the scale of Bank of America's derivative exposure relative to its direct equity holding.