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 November 23, 2023, and the notification was made on November 24, 2023. Bank of America Corporation now holds a total of 11.96% of the voting rights in Drax Group PLC, with 3.63% through direct voting rights and 8.34% through financial instruments.
The details of the shareholder, Merrill Lynch International, a subsidiary of Bank of America Corporation, are also provided in the notification. Merrill Lynch International is based in London, United Kingdom.
The notification includes information on the voting rights attached to shares and the financial instruments held by Bank of America Corporation. The total number of voting rights held by the company is 46,010,803. The financial instruments held by Bank of America Corporation include rights to recall, physical swaps, and swaps with cash settlement. The total number of voting rights through financial instruments is 22,877,819.
The notification also provides information on the full chain of controlled undertakings through which the voting rights and financial instruments are effectively held by Bank of America Corporation. This includes subsidiaries such as 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 notification was completed on November 24, 2023, and the place of completion is not specified.