Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights holdings. The notification, dated 21st March 2024, reveals that the total positions of Bank of America Corporation now stand at 12.230122% of voting rights attached to shares, up from the previous 11.456579%. This increase is attributed to both direct voting rights and voting rights through financial instruments.
The details of the resulting situation on the date the threshold was crossed or reached indicate that Bank of America Corporation holds 5.007723% of direct voting rights and 7.222399% of voting rights through financial instruments. The financial instruments include various swaps with expiration dates ranging from April 2024 to February 2028, collectively representing 4.926532% of voting rights.
The holdings are attributed to Bank of America Corporation and its controlled undertakings, including BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International. Bank of America, National Association is also listed as a controlled undertaking.
The notification does not include information regarding proxy voting or additional details. The completion date for the notification was 21st March 2024.
This notification provides insight into the increased voting rights holdings of Bank of America Corporation in Drax Group PLC, reflecting the corporation's continued interest and influence in the company's affairs.