Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights and financial instruments holdings. The notification, dated May 2, 2024, indicates that Bank of America Corporation now holds 13.150040% of voting rights in Drax Group PLC, up from the previous 12.613277%. This increase is attributed to the acquisition of financial instruments.
The details provided in the notification show that Bank of America Corporation holds 4.892229% of voting rights attached to shares and 8.257811% of voting rights through financial instruments. The total number of voting rights held in the issuer is 50,851,352.
The breakdown of the financial instruments holdings includes various types of swaps with expiration dates ranging from May 16, 2024, to May 26, 2026, each contributing to the overall increase in voting rights.
The notification also outlines the full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, starting with Bank of America Corporation as the ultimate controlling entity.
This TR-1 notification, completed on May 3, 2024, provides comprehensive details of the increase in voting rights and financial instruments holdings by Bank of America Corporation in Drax Group PLC.