Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights and financial instruments holdings. The notification, dated 27th March 2024, indicates that the total positions of Bank of America Corporation now stand at 11.982541% of voting rights attached to shares, with 5.583084% through direct voting rights and 6.399457% through financial instruments. This represents a change from the previous notification, where the total positions were at 12.252997%.

The details of the resulting situation on the date the threshold was crossed or reached show that Bank of America Corporation holds 21,477,151 direct voting rights, accounting for 5.583084% of the total voting rights. Additionally, the financial instruments held include various types of swaps with expiration dates ranging from May 2024 to February 2028, collectively representing 4.112245% of voting rights.

The notification also provides information about the full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held. This includes entities such as BofA Securities Europe, SA, Managed Account Advisors, LLC, and Bank of America, National Association.

The notification does not include details about proxy voting, and no additional information was provided. The notification was completed on 27th March 2024.

This notification from Bank of America Corporation to Drax Group PLC indicates a significant increase in its voting rights and financial instruments holdings, providing insight into the evolving ownership and control within the company.