Bank of America Corporation has acquired additional voting rights in DRAX GROUP PLC, a UK-based company. The acquisition took place on September 19, 2023, and was notified to the issuer on September 20, 2023. The total positions of Bank of America Corporation now amount to 8.693698% of voting rights attached to shares, with 3.260147% through direct voting rights and 5.433551% through financial instruments. The total number of voting rights held by Bank of America Corporation in DRAX GROUP PLC is 33,430,097.
The details of the financial instruments held by Bank of America Corporation include the right to recall with 923,463 voting rights (0.240152% of voting rights) and swaps with various expiration dates and cash settlements, totaling 19,970,307 voting rights (5.193399% of voting rights). The financial instruments with similar economic effect are set to expire between 2023 and 2028.
Bank of America Corporation holds these voting rights through its controlled undertakings, including Bank of America, National Association, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International. The ultimate controlling person is Bank of America Corporation.
No information regarding proxy voting was provided in the notification.
This notification was completed on September 20, 2023, and the place of completion is not specified.