Bank of America Corporation has notified Drax Group PLC that it has acquired a significant number of voting rights in the company. The acquisition took place on September 21, 2023, and Bank of America Corporation notified Drax Group PLC on September 22, 2023. The total positions of Bank of America Corporation in terms of voting rights are as follows: 2.321370% of voting rights attached to shares and 6.302087% of voting rights through financial instruments, resulting in a total of 8.623457% of voting rights.
Bank of America Corporation holds a total of 8,926,422 direct voting rights, representing 2.321370% of the total voting rights. In addition, Bank of America Corporation holds financial instruments that may result in the acquisition of 4,237,567 voting rights, representing 1.102005% of the total voting rights. These financial instruments include swaps with various expiration dates and cash settlements.
Bank of America Corporation is the ultimate controlling person and holds the voting rights and financial instruments through its controlled undertakings, including Bank of America, National Association, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International. These controlled undertakings collectively hold 3.841358% of voting rights and 6.129553% of voting rights through financial instruments.
No information is provided regarding proxy voting. The completion date of the notification is September 22, 2023.