Bank of America Adjusts Stake in Drax Group PLC

Tip Ranks
2024.07.12 10:49

Bank of America Corporation has adjusted its stake in Drax Group PLC, now holding a combined total of 9.306842% through direct shares and financial instruments. This is a notable change in major shareholdings. The financial dealings include various types of financial instruments such as physical swaps and cash-settled swaps. This update was announced on July 9, 2024.

Drax Group plc (GB:DRX) has released an update.

Drax Group PLC has announced a notable change in their major shareholdings, with Bank of America Corporation adjusting its stake. On July 9, 2024, Bank of America crossed a threshold that affected its total voting rights, now holding a combined total of 9.306842% through direct shares and financial instruments. The financial dealings include various types of financial instruments such as physical swaps and cash-settled swaps, with the most recent notification to Drax Group PLC made on July 11, 2024.

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