Bank of America Corporation has notified Drax Group PLC that it has acquired voting rights in the company. The acquisition took place on September 20, 2023, and Bank of America Corporation now holds 2.87% of the voting rights attached to Drax Group PLC shares. This represents a decrease from their previous position of 3.26% of voting rights.
In addition to the direct voting rights, Bank of America Corporation also holds voting rights through financial instruments. These include the right to recall, which may result in the acquisition of 2,266,869 voting rights, and swaps with various expiration dates that may result in the acquisition of a total of 20,102,535 voting rights. The combined voting rights through financial instruments amount to 5.23% of the total voting rights.
Bank of America Corporation is the ultimate controlling person, and it holds voting rights through its controlled undertakings, including Bank of America, National Association, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International. The total voting rights held by Bank of America Corporation and its controlled undertakings equal 3.34% of the voting rights and 6.19% of the voting rights through financial instruments.
No information is provided regarding proxy voting or additional details. The notification was completed on September 21, 2023.