Bank of America Corporation has notified Drax Group PLC that it has acquired additional voting rights in the company. The notification states that Bank of America Corporation now holds a total of 9.290969% of the voting rights in Drax Group PLC. This is an increase from its previous position of 8.728177%. The acquisition of voting rights took place on August 23, 2023, and the notification was made on August 24, 2023.
The notification also provides details of the financial instruments held by Bank of America Corporation that have a similar economic effect to voting rights. These include swaps with various expiration dates and cash settlements. The total number of voting rights held through these financial instruments is 6.130597%.
The notification further reveals that Bank of America Corporation has a full chain of controlled undertakings through which the voting rights and financial instruments are effectively held. These include Bank of America, NA, 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 August 24, 2023, and the place of completion is not specified.