Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights and financial instruments holdings. The notification, dated 20th May 2024, reveals that the total positions of Bank of America Corporation now stand at 9.222807% of voting rights attached to shares and 9.126466% of voting rights through financial instruments, totaling 9.222807%. This increase is in comparison to the previous notification, where the total positions were at 8.997526%.
The details of the resulting situation on the date the threshold was crossed or reached indicate that Bank of America Corporation holds 372,550 direct voting rights, accounting for 0.096341% of direct voting rights, and 149,317 voting rights through financial instruments, representing 0.038613%. Additionally, the corporation holds financial instruments with similar economic effect, amounting to 35,142,823 voting rights, which is 9.087853% of the total.
The notification also provides information about the controlled undertakings through which the voting rights and/or financial instruments are effectively held. Bank of America Corporation's controlled undertakings include BofA Securities Europe, SA, Managed Account Advisors, LLC, Merrill Lynch International, and Bank of America, National Association, among others.
This notification provides insight into the increased holdings of Bank of America Corporation in Drax Group PLC, reflecting a significant change in the corporation's positions and influence within the company.