TR-1: Notification of Major Holdings

Yellow Cake PLC

23 October 2026

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

JE00BF50RG45

Issuer Name

YELLOW CAKE PLC

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

JPMorgan Chase & Co.

City of registered office (if applicable)

Country of registered office (if applicable)

US

4. Details of the shareholder

Name	City of registered office	Country of registered office
J.P. Morgan Securities PLC

5. Date on which the threshold was crossed or reached

20-Oct-2026

6. Date on which Issuer notified

22-Oct-2026

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	0.980663	4.919727	5.900390	14827394
Position of previous notification (if applicable)	0.143215	4.885315	5.028530

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
JE00BF50RG45		2464358		0.980663
Sub Total 8.A	2464358		0.980663%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Cash-settled Equity Swap	30/03/2027	30/03/2027	Cash	1515575	0.603105
Cash-settled Equity Swap	02/06/2027	02/06/2027	Cash	24589	0.009785
Cash-settled Equity Swap	03/08/2027	03/08/2027	Cash	514732	0.204832
Cash-settled Equity Swap	25/10/2027	25/10/2027	Cash	29233	0.011633
Cash-settled Equity Swap	02/11/2027	02/11/2027	Cash	130267	0.051838
Cash-settled Equity Swap	17/11/2027	17/11/2027	Cash	222299	0.088461
Cash-settled Equity Swap	19/05/2033	19/05/2033	Cash	38488	0.015316
Cash-settled Equity Swap	23/05/2033	23/05/2033	Cash	31000	0.012336
Cash-settled Equity Swap	26/05/2033	26/05/2033	Cash	8410	0.003347
Cash-settled Equity Swap	02/06/2033	02/06/2033	Cash	16990	0.006761
Cash-settled Equity Swap	03/06/2033	03/06/2033	Cash	25463	0.010133
Cash-settled Equity Swap	06/06/2033	06/06/2033	Cash	36689	0.014600
Cash-settled Equity Swap	08/06/2033	08/06/2033	Cash	17329	0.006896
Cash-settled Equity Swap	09/06/2033	09/06/2033	Cash	17795	0.007081
Cash-settled Equity Swap	10/06/2033	10/06/2033	Cash	21426	0.008526
Cash-settled Equity Swap	13/06/2033	13/06/2033	Cash	38887	0.015475
Cash-settled Equity Swap	16/06/2033	16/06/2033	Cash	16721	0.006654
Cash-settled Equity Swap	20/06/2033	20/06/2033	Cash	24160	0.009614
Cash-settled Equity Swap	24/06/2033	24/06/2033	Cash	25715	0.010233
Cash-settled Equity Swap	27/06/2033	27/06/2033	Cash	30808	0.012260
Cash-settled Equity Swap	29/06/2033	29/06/2033	Cash	13740	0.005468
Cash-settled Equity Swap	04/07/2033	04/07/2033	Cash	51284	0.020408
Cash-settled Equity Swap	06/07/2033	06/07/2033	Cash	19420	0.007728
Cash-settled Equity Swap	07/07/2033	07/07/2033	Cash	7190	0.002861
Cash-settled Equity Swap	11/07/2033	11/07/2033	Cash	34701	0.013809
Cash-settled Equity Swap	13/07/2033	13/07/2033	Cash	9700	0.003860
Cash-settled Equity Swap	03/11/2026	03/11/2026	Cash	390	0.000155
Cash-settled Equity Swap	05/01/2027	05/01/2027	Cash	3551	0.001413
Cash-settled Equity Swap	02/02/2027	02/02/2027	Cash	2065	0.000822
Cash-settled Equity Swap	04/10/2027	04/10/2027	Cash	2827	0.001125
Cash-settled Equity Swap	22/07/2033	22/07/2033	Cash	7889	0.003139
Cash-settled Equity Swap	03/08/2033	03/08/2033	Cash	20677	0.008228
Cash-settled Equity Swap	18/02/2033	18/02/2033	Cash	27849	0.011082
Cash-settled Equity Swap	14/04/2033	14/04/2033	Cash	34497	0.013728
Cash-settled Equity Swap	27/07/2033	27/07/2033	Cash	13513	0.005377
Cash-settled Equity Swap	24/02/2033	24/02/2033	Cash	40654	0.016178
Cash-settled Equity Swap	26/09/2033	26/09/2033	Cash	23367	0.009299
Cash-settled Equity Swap	17/10/2033	17/10/2033	Cash	24572	0.009778
Cash-settled Equity Swap	09/05/2033	09/05/2033	Cash	61593	0.024510
Cash-settled Equity Swap	16/05/2033	16/05/2033	Cash	44515	0.017714
Cash-settled Equity Swap	20/05/2033	20/05/2033	Cash	23348	0.009291
Cash-settled Equity Swap	31/05/2033	31/05/2033	Cash	28560	0.011365
Cash-settled Equity Swap	20/07/2033	20/07/2033	Cash	11689	0.004652
Cash-settled Equity Swap	25/03/2033	25/03/2033	Cash	12075	0.004805
Cash-settled Equity Swap	13/05/2033	13/05/2033	Cash	36237	0.014420
Cash-settled Equity Swap	23/09/2033	23/09/2033	Cash	16595	0.006604
Cash-settled Equity Swap	07/03/2033	07/03/2033	Cash	37381	0.014875
Cash-settled Equity Swap	01/06/2033	01/06/2033	Cash	19086	0.007595
Cash-settled Equity Swap	21/02/2033	21/02/2033	Cash	57159	0.022746
Cash-settled Equity Swap	15/07/2033	15/07/2033	Cash	21430	0.008528
Cash-settled Equity Swap	18/07/2033	18/07/2033	Cash	25794	0.010264
Cash-settled Equity Swap	25/07/2033	25/07/2033	Cash	9141	0.003638
Cash-settled Equity Swap	18/08/2033	18/08/2033	Cash	9805	0.003902
Cash-settled Equity Swap	12/05/2033	12/05/2033	Cash	13420	0.005340
Cash-settled Equity Swap	05/08/2033	05/08/2033	Cash	10263	0.004084
Cash-settled Equity Swap	11/02/2033	11/02/2033	Cash	18555	0.007384
Cash-settled Equity Swap	03/10/2033	03/10/2033	Cash	13985	0.005565
Cash-settled Equity Swap	15/08/2033	15/08/2033	Cash	20840	0.008293
Cash-settled Equity Swap	16/02/2033	16/02/2033	Cash	69239	0.027553
Cash-settled Equity Swap	04/03/2033	04/03/2033	Cash	22448	0.008933
Cash-settled Equity Swap	11/08/2033	11/08/2033	Cash	11510	0.004580
Cash-settled Equity Swap	19/04/2033	19/04/2033	Cash	25837	0.010282
Cash-settled Equity Swap	05/05/2033	05/05/2033	Cash	10032	0.003992
Cash-settled Equity Swap	12/10/2033	12/10/2033	Cash	26295	0.010464
Cash-settled Equity Swap	10/10/2033	10/10/2033	Cash	19425	0.007730
Cash-settled Equity Swap	30/06/2033	30/06/2033	Cash	19174	0.007630
Cash-settled Equity Swap	14/02/2033	14/02/2033	Cash	26390	0.010502
Cash-settled Equity Swap	06/10/2033	06/10/2033	Cash	19995	0.007957
Cash-settled Equity Swap	06/05/2033	06/05/2033	Cash	8883	0.003535
Cash-settled Equity Swap	04/08/2033	04/08/2033	Cash	13620	0.005420
Cash-settled Equity Swap	23/02/2033	23/02/2033	Cash	42976	0.017102
Cash-settled Equity Swap	29/07/2033	29/07/2033	Cash	52891	0.021047
Cash-settled Equity Swap	10/02/2033	10/02/2033	Cash	14993	0.005966
Cash-settled Equity Swap	28/02/2033	28/02/2033	Cash	35826	0.014257
Cash-settled Equity Swap	11/05/2033	11/05/2033	Cash	29686	0.011813
Cash-settled Equity Swap	19/10/2033	19/10/2033	Cash	15750	0.006268
Cash-settled Equity Swap	27/05/2033	27/05/2033	Cash	8735	0.003476
Cash-settled Equity Swap	14/10/2033	14/10/2033	Cash	13040	0.005189
Cash-settled Equity Swap	17/08/2033	17/08/2033	Cash	21735	0.008649
Cash-settled Equity Swap	05/10/2033	05/10/2033	Cash	21515	0.008562
Cash-settled Equity Swap	08/08/2033	08/08/2033	Cash	10803	0.004299
Cash-settled Equity Swap	12/08/2033	12/08/2033	Cash	9595	0.003818
Cash-settled Equity Swap	23/02/2027	23/02/2027	Cash	15839	0.006303
Cash-settled Equity Swap	28/05/2027	28/05/2027	Cash	545421	0.217044
Cash-settled Equity Swap	23/08/2030	23/08/2030	Cash	186560	0.074239
Cash-settled Equity Swap	15/08/2030	15/08/2030	Cash	270043	0.107460
Cash-settled Equity Swap	16/09/2030	16/09/2030	Cash	417106	0.165982
Cash-settled Equity Swap	18/07/2031	18/07/2031	Cash	128200	0.051016
Cash-settled Equity Swap	19/11/2027	19/11/2027	Cash	27689	0.011019
Cash-settled Equity Swap	07/09/2027	07/09/2027	Cash	696806	0.277286
Cash-settled Equity Swap	02/09/2027	02/09/2027	Cash	305858	0.121713
Cash-settled Equity Swap	05/04/2028	05/04/2028	Cash	1208	0.000481
Cash-settled Equity Swap	20/04/2028	20/04/2028	Cash	1820	0.000724
Cash-settled Equity Swap	10/10/2031	10/10/2031	Cash	22500	0.008954
Cash-settled Equity Swap	13/10/2031	13/10/2031	Cash	15800	0.006287
Cash-settled Equity Swap	08/10/2031	08/10/2031	Cash	40001	0.015918
Cash-settled Equity Swap	14/10/2031	14/10/2031	Cash	19500	0.007760
Cash-settled Equity Swap	09/10/2031	09/10/2031	Cash	18600	0.007402
Cash-settled Equity Swap	15/10/2031	15/10/2031	Cash	25300	0.010068
Cash-settled Equity Swap	17/10/2031	17/10/2031	Cash	42231	0.016805
Cash-settled Equity Swap	20/10/2031	20/10/2031	Cash	14900	0.005929
Cash-settled Equity Swap	16/10/2031	16/10/2031	Cash	45300	0.018027
Cash-settled Equity Swap	15/11/2029	15/11/2029	Cash	399688	0.159051
Cash-settled Equity Swap	25/02/2033	25/02/2033	Cash	16012	0.006372
Cash-settled Equity Swap	21/07/2033	21/07/2033	Cash	17315	0.006890
Cash-settled Equity Swap	20/10/2033	20/10/2033	Cash	21924	0.008724
Cash-settled Equity Swap	27/10/2027	27/10/2027	Cash	13617	0.005419
Cash-settled Equity Swap	02/10/2029	02/10/2029	Cash	25326	0.010078
Cash-settled Equity Swap	02/12/2026	02/12/2026	Cash	131398	0.052288
Cash-settled Equity Swap	01/11/2027	01/11/2027	Cash	76172	0.030312
Cash-settled Equity Swap	19/05/2027	19/05/2027	Cash	40063	0.015943
Cash-settled Equity Swap	30/04/2029	30/04/2029	Cash	110045	0.043791
Cash-settled Equity Swap	28/07/2028	28/07/2028	Cash	42908	0.017075
Cash-settled Equity Swap	01/07/2027	01/07/2027	Cash	13483	0.005365
Cash-settled Equity Swap	05/01/2028	05/01/2028	Cash	13483	0.005365
Cash-settled Equity Swap	12/10/2027	12/10/2027	Cash	16998	0.006764
Cash-settled Equity Swap	15/09/2027	15/09/2027	Cash	11934	0.004749
Cash-settled Equity Swap	22/10/2027	22/10/2027	Cash	1347139	0.536078
Cash-settled Equity Swap	15/10/2027	15/10/2027	Cash	183713	0.073106
Cash-settled Equity Swap	30/05/2028	30/05/2028	Cash	725451	0.288685
Cash-settled Equity Swap	26/11/2026	26/11/2026	Cash	1381090	0.549589
Cash-settled Equity Swap	02/02/2029	02/02/2029	Cash	689235	0.274273
Cash-settled Equity Swap	19/10/2027	19/10/2027	Cash	22185	0.008828
Cash-settled Equity Swap	21/10/2033	21/10/2033	Cash	22316	0.008880
Cash-settled Equity Swap	21/10/2031	21/10/2031	Cash	24669	0.009817
Cash-settled Equity Swap	22/10/2031	22/10/2031	Cash	5031	0.002002
Cash-settled Equity Swap	04/11/2031	04/11/2031	Cash	4813	0.001915
Cash-settled Equity Swap	24/11/2027	24/11/2027	Cash	20	0.000008
Sub Total 8.B2				12363036	4.919727%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
JPMorgan Chase & Co.	J.P. Morgan Securities plc		4.919727	5.738022%
JPMorgan Chase & Co.	J.P. Morgan Securities LLC

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

If date does not apply, explain below

11. Additional Information

Chain of controlled undertakings:

JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan Capital Holdings Limited (100%)
J.P. Morgan Securities PLC (100%)

JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC (100%)
J.P. Morgan Broker-Dealer Holdings Inc. (100%)
J.P. Morgan Securities LLC (100%)

12. Date of Completion

22-Oct-2026

13. Place Of Completion

London

 

END