Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights. The acquisition or disposal of voting rights occurred on 22nd February 2024, with the total voting rights held in the issuer amounting to 10.685875%. This is an increase from the previous position of 10.805113%. The details of the resulting situation on the date the threshold was crossed or reached indicate that Bank of America Corporation holds 4.096509% of voting rights attached to shares and 6.589366% of voting rights through financial instruments.
The financial instruments held by Bank of America Corporation include various swaps with expiration dates ranging from 2024 to 2028, with the total number of voting rights through these instruments amounting to 4.307524%. The full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held includes Bank of America, National Association, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International.
The completion date of this notification was 23rd February 2024. This notification provides insight into the changes in voting rights within Drax Group PLC, specifically the increase in voting rights held by Bank of America Corporation.