Bank of America Corporation has notified Drax Group PLC of a legal entity level crossing, resulting in a total of 10.216095% of voting rights held in the issuer. This threshold was crossed on May 21, 2024, and the issuer was notified on May 22, 2024. The notification includes details of the shareholder, with Bank of America Corporation holding 1.000659% of voting rights attached to shares and 9.215436% of voting rights through financial instruments.
The financial instruments held by Bank of America Corporation include various swaps with expiration dates ranging from 2024 to 2026, with a total of 9.166033% of voting rights. The notification also provides information on the full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, starting with the ultimate controlling natural person or legal entities.
The controlled undertakings include BofA Securities Europe, SA, Managed Account Advisors, LLC, Merrill Lynch International, and Bank of America, National Association, each holding a percentage of voting rights. The notification does not include information in relation to the proxy voting or additional details. The completion date for this notification was May 22, 2024.