Bank of America Corporation has notified Drax Group PLC that it has acquired additional voting rights in the company. The notification states that Bank of America Corporation now holds a total of 11.19% of the voting rights in Drax Group PLC. This is an increase from its previous position of 10.31% of the voting rights. The acquisition of voting rights occurred on October 12, 2023, and the notification was made on October 13, 2023.
The notification also provides details of the shareholder, Merrill Lynch International, which is a subsidiary of Bank of America Corporation. Merrill Lynch International is based in London, United Kingdom. The notification states that Merrill Lynch International holds a total of 3.49% of the voting rights in Drax Group PLC.
In addition to the voting rights, the notification also includes details of financial instruments held by Bank of America Corporation and its subsidiaries. These financial instruments include physical swaps and swaps with cash settlement. The notification states that these financial instruments represent an additional 7.69% of the voting rights in Drax Group PLC.
The notification also provides information on the full chain of controlled undertakings through which the voting rights and financial instruments are effectively held. Bank of America Corporation is the ultimate controlling person, and it holds voting rights and financial instruments through its subsidiaries, including 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 additional information. The notification was completed on October 13, 2023.