RNS Number : 1251H
Herald Investment Trust PLC
11 November 2025
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0004228648
Issuer Name
HERALD INVESTMENT TRUST PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
Bank of America Corporation
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
Merrill Lynch International
London
United Kingdom
5. Date on which the threshold was crossed or reached
10-Nov-2025
6. Date on which Issuer notified
11-Nov-2025
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
4.118822
8.299283
12.418105
5943114
Position of previous notification (if applicable)
4.293972
7.934356
12.228328
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)
GB0004228648
1971205
4.118822
Sub Total 8.A
1971205
4.118822%
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
Right to Recall
n/a
n/a
21317
0.044542
Physical Swaps
04/02/2026
n/a
618000
1.291308
Physical Swaps
23/02/2026
n/a
350486
0.732339
Physical Swaps
18/05/2026
n/a
280290
0.585664
Sub Total 8.B1
1270093
2.653853%
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
Swaps
26/11/2025
n/a
Cash
1365000
2.852160
Swaps
02/04/2026
n/a
Cash
202816
0.423783
Swaps
05/05/2026
n/a
Cash
566000
1.182654
Swaps
06/01/2026
n/a
Cash
568000
1.186833
Sub Total 8.B2
2701816
5.645430%
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
Bank of America Corporation
Merrill Lynch International
4.118822
6.864654%
Bank of America Corporation
Bank of America, National Association
5.553451
5.553451%
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
11. Additional Information
12. Date of Completion
11-Nov-2025
13. Place Of Completion
United Kingdom
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