Bank of America Corporation has notified Drax Group PLC of an acquisition of financial instruments, resulting in a total of 4.062263% of voting rights through financial instruments and 0.000166% of voting rights attached to shares. The acquisition, which occurred on July 10, 2024, includes various financial instruments such as physical swaps and swaps with similar economic effects. The total number of voting rights held in the issuer is 15,728,986.
The financial instruments acquired by Bank of America Corporation include physical swaps with expiration dates ranging from August 19, 2024, to May 16, 2025, and swaps with cash settlement. The total number of voting rights that may be acquired through these instruments is 9,055,173, representing 2.338645% of voting rights. Additionally, swaps with similar economic effects, such as cash settlement, amount to 6,673,169 voting rights, equivalent to 1.723452% of voting rights.
The ultimate controlling person in this acquisition is Bank of America Corporation, which holds the voting rights and financial instruments through its controlled undertakings, including Managed Account Advisors, LLC and Bank of America, National Association. The total voting rights and financial instruments held by Bank of America Corporation and its controlled undertakings equal or exceed the notifiable threshold.
In addition, a correction of a typo in the spelling of "Physical Swap" in the notification was provided. The completion date of the notification was July 11, 2024.