Bank of America Corp's Recent Holdings Notification Explained
Understanding Bank of America Corp’s Transparency Notifications
Bank of America Corp. recently made headlines with a significant update regarding its holdings, particularly through its subsidiary Merrill Lynch International. Under the regulations governing major holdings disclosure, they notified of crossing critical thresholds concerning direct voting rights and equivalent financial instruments.
Key Moves of Bank of America Corp.
The notifications indicated that Bank of America Corp. has crossed the regulatory threshold of 3% in direct voting rights on two occasions, both downwards and upwards, with the most notable change occurring on September 23, 2024. The current total for direct voting rights and equivalent financial instruments now stands at an impressive 4.42%, reflecting their growing investment strategy.
Summary of Recent Notifications
Notable shifts in holdings were documented as follows:
- On September 23, the crossing of the 3% threshold occurred for equivalent financial instruments upwards.
- In previous actions, the firm had crossed the 3% threshold downwards on September 16, marking important fluctuations in its investments.
- On September 19, there was another adjustment upwards to the key threshold.
Recent Notifications Breakdown
Here's a closer look at the notifications received from Bank of America Corp.:
1. **Date of Notification**: 25 September 2024
**Threshold Crossed**: Upwards on 23 September 2024
**Total Voting Rights**: 4.42%
**Reason**: Transfer of voting securities.
2. **Date of Notification**: 23 September 2024
**Threshold Crossed On**: 19 September 2024
**Total Voting Rights**: 3.55%
**Reason**: Transfer of voting securities.
3. **Date of Notification**: 20 September 2024
**Threshold Crossed On**: 16 September 2024
**Total Voting Rights**: 3.49%
**Reason**: Transfer of voting securities.
Investor Relations Contact
For those interested in further details regarding these movements, the Investor Relations team can provide insights:
Caroline Kerremans
Phone: +32 2 227 72 21
Email: caroline.kerremans@umicore.com
Eva Behaeghe
Phone: +32 2 227 70 68
Email: eva.behaeghe@umicore.com
Benoit Mathieu
Phone: +32 2 227 73 72
Email: benoit.mathieu@umicore.com
Adrien Raicher
Phone: +32 2 227 74 34
Email: adrien.raicher@umicore.com
About Umicore
Umicore stands out as a circular materials technology Group with a dedication to advancing materials science, chemistry, and metallurgy. The business is organized into four primary sectors: Battery Materials, Catalysis, Recycling, and Specialty Materials. Each of these business groups is tailored to meet the market demands and provide innovative materials that contribute to new technologies and everyday needs.
Focusing on sustainable solutions, Umicore channels most of its research and development efforts towards clean mobility materials and recycling initiatives. The company aims to create lasting value by developing and recycling materials responsibly, guided by its mission of providing “Materials for a better life.” With a workforce of approximately 12,000 employees, Umicore's operations span across the globe to better serve its diverse customer base. In the first half of 2024, Umicore reported revenues of € 1.8 billion, reinforcing its substantial market presence.
Frequently Asked Questions
What recent changes did Bank of America Corp. announce?
Bank of America Corp. announced that it recently crossed the regulatory threshold of 3% for its holdings.
What is Umicore's primary focus?
Umicore focuses on sustainable materials technology across various sectors, including battery materials and recycling.
How can investors get in touch with Umicore's investor relations?
Investors can contact Umicore's investor relations team via provided email addresses or phone numbers for inquiries.
What was the impact of Merrill Lynch's activities?
Merrill Lynch's investment moves have significantly adjusted Bank of America Corp.'s voting rights percentage in Umicore.
How does Umicore generate its revenue?
Umicore generates revenue primarily through clean mobility materials and recycling efforts, focusing on sustainable initiatives.
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