Bank of America Corporation has notified Drax Group PLC of an acquisition of voting rights, crossing the threshold on May 24, 2024. The resulting situation on the date of the threshold being reached shows a total of 9.402859% of voting rights held in the issuer, with 0.130540% through direct voting rights and 9.272319% through financial instruments. Bank of America Corporation holds a total of 36,360,953 voting rights in Drax Group PLC.
The notification details the financial instruments held by Bank of America Corporation, including the type, expiration date, and the percentage of voting rights associated with each instrument. The financial instruments with similar economic effect amount to 35,544,068 voting rights, representing 9.191615% of the total voting rights.
The notification also provides information on the controlled undertakings through which the voting rights and financial instruments are effectively held, starting with the ultimate controlling person, Bank of America Corporation. 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 completion date of the notification was May 27, 2024. This notification provides insight into the significant acquisition of voting rights by Bank of America Corporation in Drax Group PLC, offering transparency to the market and stakeholders.