Bank of America Corporation has notified Drax Group PLC of an increase in its voting rights and financial instruments holdings. As of June 6, 2024, the corporation holds 9.864202% of voting rights through financial instruments, up from the previous 10.031841%. This increase is attributed to the acquisition of 541,872 voting rights through the exercise of a financial instrument, representing 0.140117% of voting rights, and physical swaps, which account for 2.096410% of voting rights.
The corporation's controlled undertakings, including BofA Securities Europe, SA, Managed Account Advisors, LLC, Merrill Lynch International, and Bank of America, National Association, collectively hold voting rights and financial instruments totaling 5.460057% and 4.398027%, respectively. These holdings contribute to the overall increase in Bank of America Corporation's position.
The notification also includes details of financial instruments with similar economic effects, such as swaps with expiration dates ranging from 2024 to 2027, collectively representing 7.392157% of voting rights. This comprehensive disclosure provides insight into the corporation's significant influence on Drax Group PLC.
The notification was completed on June 7, 2024, and the place of completion was not specified. This update underscores the evolving ownership and influence within Drax Group PLC, reflecting the ongoing dynamics of major holdings in the company.