Bank of America trims Galapagos (GLPG) exposure below 5% voting threshold
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Galapagos NV reported that Bank of America Corporation has reduced its position and fallen below the 5% transparency threshold of Galapagos’ voting rights under Belgian law. This change results from the disposal of equivalent financial instruments linked to Galapagos shares on March 10, 2026.
As of the notification date, Bank of America and its affiliates held 421,092 voting rights and 2,158,293 equivalent financial instruments, together representing 3.91% of Galapagos’ 65,897,071 outstanding shares. The position combines direct shareholdings and a range of derivative instruments, including rights to recall, rights of use, options, and swaps.
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FAQ
What did Galapagos NV (GLPG) disclose about Bank of America’s stake?
Galapagos NV disclosed that Bank of America Corporation fell below the 5% voting rights threshold. Following transactions on March 10, 2026, Bank of America and affiliates now hold 3.91% of Galapagos’ outstanding shares through a mix of direct voting rights and equivalent financial instruments.
What is Bank of America’s current percentage holding in Galapagos (GLPG)?
Bank of America Corporation and its affiliates hold 3.91% of Galapagos’ voting rights. This includes 421,092 voting rights and 2,158,293 equivalent financial instruments, based on a denominator of 65,897,071 Galapagos shares outstanding as referenced in the transparency notification.
When did Bank of America cross the 5% threshold in Galapagos (GLPG)?
The 5% threshold of Galapagos’ voting rights was crossed on March 10, 2026. The transparency notification, dated March 12, 2026, explains that the change resulted from the disposal of equivalent financial instruments that are treated as voting securities under Belgian transparency legislation.
How many Galapagos voting rights does Bank of America directly control?
Bank of America Corporation and its affiliates directly control 421,092 Galapagos voting rights. These voting rights are spread across several entities, including BofA Securities, Merrill Lynch International and Bank of America, National Association, and together represent 0.64% of Galapagos’ voting rights.
What types of equivalent financial instruments does Bank of America hold in Galapagos?
Bank of America affiliates hold various equivalent financial instruments, including rights to recall, rights of use, physical call options and equity swaps. These instruments together correspond to 2,158,293 underlying Galapagos voting rights, representing 3.28% of the company’s voting rights after the reported transactions.