Bank of America Corporation has notified Drax Group PLC that it has acquired voting rights and financial instruments in the company. The acquisition took place on September 15, 2023, and the notification was made on September 18, 2023. The total positions of Bank of America Corporation in Drax Group PLC are as follows: 2.88% of voting rights attached to shares, 7.44% of voting rights through financial instruments, and a total of 10.32% of voting rights. Bank of America Corporation holds a total of 39,696,046 voting rights in Drax Group PLC.
The details of the resulting situation on the date the threshold was crossed or reached are as follows: Bank of America Corporation holds 11,089,905 direct voting rights, which represents 2.88% of the total voting rights. In addition, Bank of America Corporation holds financial instruments that may result in the acquisition of 2,047,416 voting rights, representing 0.53% of the total voting rights. The financial instruments include swaps with various expiration dates and cash settlements.
Bank of America Corporation is the ultimate controlling person and 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 information.
The completion date of the notification is September 18, 2023, and the place of completion is not specified.