Bank of America Corporation has notified Drax Group PLC that it has acquired voting rights and financial instruments in the company. The acquisition took place on December 22, 2023, and the notification was made on December 27, 2023. Bank of America Corporation now holds 3.853759% of the voting rights attached to shares and 8.392165% of the voting rights through financial instruments, resulting in a total of 12.245924% of the voting rights in Drax Group PLC.
The details of the shareholder are as follows: Merrill Lynch International, located in London, United Kingdom. The total number of voting rights held by Bank of America Corporation in Drax Group PLC is 47,100,658.
The breakdown of the voting rights and financial instruments held by Bank of America Corporation is as follows: 14,822,445 direct voting rights, representing 3.853759% of the total; 9,103,084 voting rights through financial instruments (8B1), representing 2.366754% of the total; and 23,175,129 voting rights through financial instruments with similar economic effect (8B2), representing 6.025411% of the total.
Bank of America Corporation holds these 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.
No information is provided regarding proxy voting.
This notification was completed on December 27, 2023.