Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights and financial instruments holdings. The notification, dated 12th February 2024, indicates that the threshold was crossed on 6th February 2024. The total positions of Bank of America Corporation show a resulting situation of 10.788904% of voting rights held in Drax Group PLC.
The details of the shareholder, Merrill Lynch International, a subsidiary of Bank of America Corporation, show an increase in voting rights through financial instruments from the previous notification. The financial instruments held by Bank of America Corporation and its subsidiaries include physical swaps and swaps with similar economic effects, with varying expiration dates and cash settlements.
The notification also provides information about the controlled undertakings through which the voting rights and financial instruments are effectively held. Bank of America Corporation's subsidiaries, including BofA Securities Europe, SA, and Managed Account Advisors, LLC, are listed, along with their respective percentages of voting rights and voting rights through financial instruments.
The notification does not include information about proxy voting. The completion date of the notification was 8th February 2024.
This notification provides an overview of Bank of America Corporation's increased holdings of voting rights and financial instruments in Drax Group PLC, offering insight into the changes in the company's ownership structure and potential influence.