Bank of America Corporation has notified Drax Group PLC of an acquisition of voting rights, crossing the threshold on May 20, 2024. The total positions of Bank of America Corporation now stand at 10.148709% of voting rights attached to shares and 9.173255% of voting rights through financial instruments, totaling 19.321964%. This is a significant increase from the previous position of 9.222807%.
The details of the resulting situation on the date the threshold was crossed or reached show that Bank of America Corporation holds 0.975454% of direct voting rights and 9.173255% of indirect voting rights through financial instruments. The financial instruments include swaps with various expiration dates and cash settlements, totaling 9.126914% of voting rights.
The notification also includes the full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, starting with the ultimate controlling natural person or legal entities. Bank of America Corporation holds these rights through various entities, including BofA Securities Europe, SA, Managed Account Advisors, LLC, Merrill Lynch International, and Bank of America, National Association.
The completion date of the notification was May 21, 2024. This notification provides insight into the significant increase in voting rights and financial instruments held by Bank of America Corporation in Drax Group PLC, indicating a notable change in their position within the company.