Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights and financial instruments holdings. The notification, dated 8th July 2024, indicates that the total positions of Bank of America Corporation now stand at 9.346671% of voting rights through financial instruments, with a total of 36,190,078 voting rights held in the issuer.
The details of the resulting situation on the date the threshold was crossed or reached show that Bank of America Corporation holds 0.206408% of voting rights attached to shares and 9.140263% of voting rights through financial instruments. This includes various types of financial instruments with different expiration dates and cash settlement options.
The notification also provides information about the full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held. Bank of America Corporation's holdings are attributed to entities such as Managed Account Advisors, LLC, Bank of America, National Association, BofA Securities Europe SA, and Merrill Lynch International.
The notification does not include information about proxy voting or additional details. The completion date for this notification was 8th July 2024.
This notification from Bank of America Corporation to Drax Group PLC indicates a significant increase in its holdings of voting rights and financial instruments, providing insight into the company's ownership and potential influence within Drax Group PLC.