JPMorgan Chase now a substantial holder in IPH

JPMorgan Chase & Co. and its affiliates now hold a relevant interest in 13,918,038 ordinary shares of IPH Ltd., representing 5.32% of the company's total voting power. This makes them a substantial holder in IPH, a notable development in the company's ownership structure.

The relevant interests are held through various entities, including JPMorgan Chase Bank, N.A., JPMorgan Asset Management (UK) Limited, J.P. Morgan Securities PLC, J.P. Morgan Securities LLC, and J.P. Morgan Securities Australia Limited. These interests include securities on loan as agent lender, securities subject to an obligation to return under securities lending agreements, and those acquired through purchase and sales in a principal/proprietary capacity.

Several securities lending agreements underpin a significant portion of this holding, with various borrowers such as BNP Paribas Financial Markets, Bofa Securities, Inc., Citigroup Global Markets Limited, Goldman Sachs International, Macquarie Bank Limited, Merrill Lynch International, Morgan Stanley & Co. International PLC, UBS Securities Australia Ltd, and State St Bank and Trust Company. These agreements typically grant the borrower voting rights, with provisions for the lender to recall securities to exercise voting rights.