Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights and financial instruments holdings. The corporation's total positions now stand at 11.15% of voting rights, with 4.31% through shares and 6.84% through financial instruments. This change occurred on March 5, 2024, and was notified to Drax Group PLC on March 6, 2024.
The details of the resulting situation on the date the threshold was crossed or reached indicate that Bank of America Corporation holds 16,592,287 direct voting rights, representing 4.31% of the total voting rights. Additionally, the corporation holds various financial instruments, including physical swaps and swaps with similar economic effects, which amount to 2.29% and 4.55% of the total voting rights, respectively.
The notification also includes the full chain of controlled undertakings through which the voting rights and/or financial instruments are effectively held, starting with the ultimate controlling person, Bank of America Corporation. The controlled undertakings include Bank of America, National Association, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International.
This notification provides insight into the changes in voting rights and financial instruments holdings by Bank of America Corporation in Drax Group PLC.