Bank of America Corporation has notified Drax Group PLC of a legal entity level crossing, resulting in a total of 10.905783% of voting rights held in the issuer. This includes 4.300584% of voting rights attached to shares and 6.605199% of voting rights through financial instruments. The notification also details the financial instruments and their expiration dates, exercise/conversion periods, and the number of voting rights that may be acquired if the instruments are exercised/converted.
The notification provides a breakdown of the controlled undertakings through which the voting rights and/or financial instruments are effectively held, starting with the ultimate controlling natural person or legal entities. Bank of America Corporation, through its various controlled undertakings, holds a total of 8.053682% of voting rights if it equals or is higher than the notifiable threshold.
The completion date of the notification was 29th February 2024. This notification provides important information about the significant increase in voting rights held by Bank of America Corporation in Drax Group PLC, offering transparency and insight into the company's major holdings.