Bank of America Corporation has notified Drax Group PLC of an acquisition or disposal of financial instruments, crossing a threshold on July 2, 2024. The total positions of Bank of America Corporation show a resulting situation of 4.236687% of voting rights through shares and financial instruments, with a total of 16,404,349 voting rights held in the issuer. This is a decrease from the previous notification. The details of the resulting situation on the date the threshold was crossed or reached include 0.000166% of direct voting rights and 4.236521% of indirect voting rights through shares.
Additionally, Bank of America Corporation holds 2.338645% of voting rights through financial instruments of type 8.B1, and 1.897876% of voting rights through financial instruments with similar economic effect of type 8.B2. These financial instruments include physical swaps and cash settlements with various expiration dates and percentages of voting rights.
The notification also provides information on the 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, which in this case is Bank of America Corporation.
The completion date of the notification was July 3, 2024.