Bank of America Corporation has notified Drax Group PLC of a legal entity level crossing, resulting in a total of 13.52% of voting rights held in the issuer. The threshold was crossed on May 10, 2024, and the issuer was notified on May 13, 2024. Bank of America Corporation, through its subsidiaries, holds voting rights both directly and indirectly, as well as through various financial instruments with similar economic effects.
Merrill Lynch International, a subsidiary of Bank of America Corporation, holds 5.03% of direct voting rights and 8.49% of voting rights through financial instruments. Additionally, various financial instruments with similar economic effects contribute to a total of 6.23% of voting rights. The notification also includes details of controlled undertakings through which the voting rights and/or financial instruments are effectively held, starting with the ultimate controlling natural person or legal entities.
The notification provides a comprehensive breakdown of the voting rights and financial instruments held by Bank of America Corporation and its subsidiaries, shedding light on their significant holdings in Drax Group PLC.