Bank of America Corporation has notified Drax Group PLC of an acquisition of voting rights and financial instruments. The total positions of Bank of America Corporation in Drax Group PLC are as follows: 2.505847% of voting rights attached to shares, 6.367729% of voting rights through financial instruments, and a total of 8.873576% of voting rights. The total number of voting rights held by Bank of America Corporation in Drax Group PLC is 34,295,461.
The resulting situation on the date the threshold was crossed or reached is as follows: Bank of America Corporation holds 2.505847% of direct voting rights, which amounts to 9,684,843 shares. In addition, Bank of America Corporation holds 0.673769% of voting rights through financial instruments, which amounts to 2,604,049 shares.
Bank of America Corporation holds financial instruments with similar economic effect, including swaps, with expiration dates ranging from September 2023 to September 2028. These financial instruments represent a total of 5.693960% of voting rights, which amounts to 22,006,569 shares.
Bank of America Corporation is the ultimate controlling person, and its controlled undertakings include Bank of America, NA, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International. These controlled undertakings hold a total of 3.569751% of voting rights and 6.059435% of voting rights through financial instruments.
No information is provided regarding proxy voting. The completion date of the notification is September 6, 2023.