Bank of America Corporation has acquired a significant number of voting rights in Drax Group PLC, a UK-based company. The acquisition was made through both direct voting rights and financial instruments. As of September 7, 2023, Bank of America Corporation holds 2.48% of the voting rights attached to shares and 7.35% of the voting rights through financial instruments, resulting in a total of 9.83% of the voting rights in Drax Group PLC. The total number of voting rights held by Bank of America Corporation in the company is 37,923,467.
In terms of direct voting rights, Bank of America Corporation holds 9,565,124 voting rights, which represents 2.48% of the total. In addition, through financial instruments, the company holds 25,686,673 voting rights, accounting for 6.69% of the total. These financial instruments include swaps with various expiration dates and cash settlements.
Bank of America Corporation is the ultimate controlling person, and it holds the voting rights and financial instruments through its controlled undertakings, including Bank of America, National Association, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International.
No information is provided regarding proxy voting or additional details. The notification was completed on September 8, 2023.