Bank of America Corporation has notified Drax Group PLC of an acquisition or disposal of financial instruments, crossing a threshold on February 9, 2024. The resulting situation on this date shows that Bank of America Corporation holds 10.533158% of voting rights in Drax Group PLC, with 3.551860% from direct voting rights and 6.981298% through financial instruments. This represents a slight increase from the previous notification.
The details of the financial instruments held by Bank of America Corporation include various swaps with expiration dates and cash settlements, totaling 4.688297% of voting rights. The notification also outlines the controlled undertakings through which the voting rights and financial instruments are effectively held, with Bank of America Corporation's subsidiaries holding varying percentages of voting rights.
The notification does not include information about proxy voting or additional details. The notification was completed on February 12, 2024, and the place of completion is not specified.