Bank of America Corporation has acquired additional voting rights in DRAX GROUP PLC, crossing a threshold on October 31, 2023. The total positions of Bank of America Corporation now amount to 12.445734% of voting rights in the company. This is an increase from their previous position of 11.901598%. The acquisition includes both direct voting rights and voting rights through financial instruments.

In terms of direct voting rights, Bank of America Corporation now holds 3.722743% of the voting rights in DRAX GROUP PLC. This corresponds to 14,315,539 direct voting rights. Additionally, Bank of America Corporation holds 8.722991% of the voting rights through financial instruments, which amounts to 28,644,528 voting rights.

The financial instruments held by Bank of America Corporation include swaps with various expiration dates and cash settlement. The expiration dates range from March 1, 2024, to February 15, 2028. The total number of voting rights through financial instruments is 23,644,528, which represents 6.148741% of the voting rights in DRAX GROUP PLC.

Bank of America Corporation holds these voting rights through its controlled undertakings, including Bank of America, National Association, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International.

The notification was made on November 1, 2023, and the completion date was also November 1, 2023.