Bank of America reports 3.172736% voting stake in Smith & Nephew (NYSE: SNN)
Rhea-AI Filing Summary
Smith & Nephew plc discloses a TR-1 notification that an investor group controlled by Bank of America Corporation holds 3.172736% of its voting rights. This comprises 2.402237% through shares representing 20,216,881 voting rights and 0.770499% through financial instruments over 6,484,406 voting rights, for 26,701,287 voting rights in total.
The financial instruments position includes a Right to Recall over 450,000 voting rights and multiple cash-settled swap positions totaling 6,034,406 voting rights with expiration dates between 2026 and 2030.
Positive
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Negative
- None.
Key Figures
Total voting rights percentage: 3.172736%
Voting rights via shares: 2.402237%
Voting rights via financial instruments: 0.770499%
+4 more
7 metrics
Total voting rights percentage
3.172736%
Total of both shares and financial instruments when threshold was crossed or reached
Voting rights via shares
2.402237%
Percent of voting rights attached to shares, Sub Total 8.A
Voting rights via financial instruments
0.770499%
Percent of voting rights through financial instruments, totals of 8.B1 and 8.B2
Total voting rights held
26,701,287
Total number of voting rights held in the issuer corresponding to the 3.172736% holding
Voting rights attached to shares
20,216,881
Sub Total 8.A voting rights attached to shares representing 2.402237% of voting rights
Right to Recall voting rights
450,000
Number of voting rights that may be acquired via Right to Recall, Sub Total 8.B1
Swaps voting rights total
6,034,406
Sub Total 8.B2 voting rights from cash-settled swaps with similar economic effect
Key Terms
TR-1: Standard form for notification of major holdings, voting rights attached to shares, Financial Instruments with similar economic effect, Right to Recall, +1 more
5 terms
TR-1: Standard form for notification of major holdings regulatory
"TR-1: Standard form for notification of major holdings 1. Issuer Details"
Financial Instruments with similar economic effect financial
"Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))"
Right to Recall financial
"Type of financial instrument | Expiration date | ... | Right to Recall"
ultimate controlling person regulatory
"Information in relation to the person subject to the notification obligation Ultimate controlling person"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Smith & Nephew (SNN) voting rights is reported in this TR-1 notification?
The TR-1 states that entities controlled by Bank of America Corporation hold 3.172736% of Smith & Nephew voting rights, combining 2.402237% from shares and 0.770499% from financial instruments, for 26,701,287 total voting rights in the issuer.
What financial instruments over Smith & Nephew (SNN) are included in the TR-1 holding?
The financial instruments section shows a Right to Recall over 450,000 voting rights and multiple cash-settled swaps totaling 6,034,406 voting rights, with various expiration dates running from 2026 through 2030, together representing 0.770499% of voting rights.
Who is identified as the ultimate controlling person in the Smith & Nephew (SNN) TR-1 notification?
The notification identifies Bank of America Corporation as the ultimate controlling person, with controlled undertakings including Bank of America, National Association, BofA Securities, Inc. and U.S. Trust Co of Delaware listed in the group structure table.
What is the total number of Smith & Nephew (SNN) voting rights held under this major holding?
The TR-1 records a total of 26,701,287 Smith & Nephew voting rights held. This reflects 20,216,881 voting rights attached to shares and 6,484,406 voting rights linked to financial instruments, corresponding to a combined holding of 3.172736% of voting rights.