Johnson Matthey (GB:JMAT) has released an update.
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Bank of America Corporation has significantly increased its stake in Johnson Matthey PLC, crossing a major shareholding threshold on May 17, 2024. The financial instruments involved, including physical options and various swap transactions, have led to a notable change in voting rights, with the bank now holding a total of approximately 14.83% of the voting rights. This strategic move by Bank of America could indicate a growing interest in the sustainable technologies sector represented by Johnson Matthey.
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