Bank of America Corporation has notified Drax Group PLC that it now holds 11.74% of the voting rights in the company. This increase in voting rights was disclosed on April 2, 2024, with the total number of voting rights held in the issuer being 45,173,043. Bank of America Corporation's previous notification indicated 11.62% of voting rights, signifying a slight increase.
The breakdown of the voting rights reveals that Bank of America Corporation holds 5.08% of direct voting rights attached to shares and 6.67% of voting rights through financial instruments. The financial instruments include various swaps with expiration dates ranging from May 2024 to February 2028, collectively amounting to 4.38% of voting rights.
The holdings are attributed to Bank of America Corporation and its controlled undertakings, including BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International. These entities collectively hold 9.04% of voting rights, with 5.06% from direct voting rights and 3.98% from financial instruments.
The notification does not include information about proxy voting. The completion date for this notification was April 3, 2024.