Bank of America Corporation has notified Drax Group PLC of a legal entity level crossing, resulting in a total of 11.62% of voting rights held in the issuer. This includes 5.05% of voting rights attached to shares and 6.57% of voting rights through financial instruments. The notification, dated 3rd April 2024, reveals that the threshold was crossed on 27th March 2024.
The details of the shareholder, Merrill Lynch International, based in London, United Kingdom, are also provided. The notification includes comprehensive information on the financial instruments held by Bank of America Corporation, including the expiration dates, number of voting rights, and percentages of voting rights for each instrument.
The notification also outlines the full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, starting with the ultimate controlling natural person or legal entities. Bank of America Corporation's controlled undertakings, such as BofA Securities Europe, SA and Managed Account Advisors, LLC, are listed along with their respective percentages of voting rights.
The completion date of the notification was 28th March 2024. This notification provides valuable insight into the significant holdings and voting rights within Drax Group PLC, offering transparency and regulatory compliance.