JPMorgan Chase & Co. has filed a TR-1 major holdings notification confirming a combined voting rights position of 5.951864% in Future PLC (FUTR), the UK-based specialist media group. The threshold was crossed on 9 November 2026, with Future PLC notified on 11 November 2026. The disclosure covers both direct share holdings and cash-settled equity swaps held through J.P. Morgan Securities PLC, a wholly owned subsidiary within JPMorgan's chain of controlled undertakings. Investors in the FTSE-listed publisher may note the slight reduction from JPMorgan's previous total position of 6.003969%.

Key Points

  • Future PLC (FUTR) — UK-listed specialist media and information group, ISIN GB00BYZN9041
  • JPMorgan Chase & Co. has disclosed a combined stake of 5.951864% in Future PLC as of 9 November 2026
  • Direct voting rights via shares stand at 3.985259%; rights through financial instruments total 1.966605%, representing 5,279,435 voting rights in aggregate
  • Investors may watch whether JPMorgan's position stabilises, increases, or declines below the 5% reportable threshold in subsequent filings

JPMorgan's Direct Share Position in Future PLC Reaches 3,535,013 Votes

According to the TR-1 notification, J.P. Morgan Securities PLC holds 3,535,013 shares in Future PLC on a direct basis, equating to 3.985259% of voting rights attached to shares under DTR5.1. JPMorgan Chase & Co. is identified as the ultimate controlling entity, with J.P. Morgan Securities PLC sitting at the end of a fully owned chain that includes JPMorgan Chase Bank, National Association, J.P. Morgan International Finance Limited, and J.P. Morgan Capital Holdings Limited, each held at 100%. The direct share component represents the largest single element of the firm's overall disclosed position in the media publisher.

Cash-Settled Equity Swaps Account for Remaining 1.966605% of Future PLC Exposure

The financial instruments portion of JPMorgan's position consists entirely of cash-settled equity swaps, as detailed in section 8B2 of the notification. Ten separate swap contracts are listed, with expiry dates ranging from 30 March 2027 through to 8 November 2028. The largest individual instrument expires on 30 July 2027 and covers 592,792 voting rights, equivalent to 0.668295%. In aggregate, the swap instruments account for 1,744,422 voting rights, or 1.966605% of the total. All instruments are designated as cash settlement rather than physical delivery, meaning they do not directly translate into additional share ownership upon expiry.

Total Position Falls Marginally From Previous JPMorgan Notification in Future PLC

The current combined total of 5.951864% represents a modest reduction from JPMorgan's previous notified position of 6.003969% in Future PLC. Within that movement, the direct voting rights percentage increased from 3.841517% to 3.985259%, while the financial instruments component decreased from 2.162452% to 1.966605%. Future PLC is a specialist media company operating across technology, gaming, music, and home interest publishing, reaching large digital audiences through its portfolio of owned brands. The company did not disclose any operational or financial update alongside this regulatory filing.