Bank of America Corporation has notified Drax Group PLC that it has acquired voting rights and financial instruments in the company. The acquisition took place on October 20, 2023, and the notification was made on October 23, 2023. Bank of America Corporation now holds a total of 12.086945% of the voting rights in Drax Group PLC.
The details of the shareholder are as follows: Merrill Lynch International, based in London, United Kingdom. Merrill Lynch International holds a total of 3.756573% of the voting rights directly and 8.330372% of the voting rights through financial instruments.
The voting rights attached to shares held by Merrill Lynch International amount to 14,445,627, which represents 3.756573% of the total voting rights. In addition, Merrill Lynch International holds financial instruments that could result in the acquisition of an additional 10,245,558 voting rights, representing 2.664349% of the total voting rights.
The financial instruments held by Merrill Lynch International include swaps with various expiration dates and cash settlement. These instruments could result in the acquisition of additional voting rights ranging from 0.003387% to 1.253221%.
Bank of America Corporation, through its controlled undertakings, holds a total of 8.241549% of the voting rights in Drax Group PLC. This includes the voting rights held by Bank of America, National Association, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International.
No information is provided regarding proxy voting or the date until which the voting rights will be held.
This notification was completed on October 23, 2023, and the place of completion is not specified.