Bank of America Corporation has acquired a significant number of voting rights in Drax Group PLC. The acquisition took place on October 2, 2023, and was notified to the issuer on October 3, 2023. The total positions of Bank of America Corporation in Drax Group PLC now amount to 10.362056% of voting rights. This includes 2.308199% of voting rights attached to shares and 8.053857% of voting rights through financial instruments.
The financial instruments held by Bank of America Corporation include the right to recall, physical swaps, and swaps with cash settlement. These financial instruments have expiration dates ranging from May 16, 2024, to February 15, 2028. The total number of voting rights that may be acquired through these financial instruments is 19,834,450, which represents 5.157930% of voting rights.
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 is provided regarding proxy voting or additional details.
This notification of major holdings provides an overview of Bank of America Corporation's acquisition of voting rights in Drax Group PLC. The acquisition includes both direct voting rights attached to shares and voting rights through financial instruments. Bank of America Corporation holds these voting rights through its controlled undertakings.