Bank of America Corporation has acquired a significant number of voting rights in Drax Group PLC. The acquisition was notified on November 29, 2023, and the threshold was crossed on November 28, 2023. The total positions of Bank of America Corporation in Drax Group PLC include 3.684012% of voting rights attached to shares and 8.309933% of voting rights through financial instruments, resulting in a total of 11.993945% of voting rights. Bank of America Corporation holds a total of 46,125,704 voting rights in Drax Group PLC.
The details of the resulting situation on the date the threshold was crossed or reached are as follows: Bank of America Corporation holds 14,167,785 direct voting rights, representing 3.684012% of the total voting rights. In addition, Bank of America Corporation holds financial instruments that may result in the acquisition of 9,119,717 voting rights, representing 2.371376% of the total voting rights. These financial instruments include rights to recall, physical swaps, and swaps with cash settlement.
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. The controlled undertakings collectively hold 8.037253% of voting rights in Drax Group PLC.
No information is provided regarding proxy voting. The completion date of the notification is November 29, 2023.