BlackRock increases stake in Spark New Zealand above 8%

BlackRock, Inc. and its related corporate entities have disclosed a substantial movement in their holding of Spark New Zealand [NZX:SPK] shares, now representing 8.071% of the company's quoted voting products as of March 21, 2025. This increase is up from 5.901% reported in their last disclosure made on November 27, 2024. The total number of shares held by BlackRock has risen to 148,833,289, out of a total class size of 1,844,107,239. The disclosure indicates that BlackRock's relevant interest arises from investment management agreements, granting the power to control the acquisition or disposal of quoted voting products. The increase includes holdings in both ordinary shares and American Depository Receipts, with a portion of the stake managed through contracts for difference, with a notional value of 7,596,221 underlying shares.