Drax Group plc (GB:DRX) has released an update.
Drax Group PLC has reported a significant change in holdings by Bank of America Corporation, with a total of approximately 4.2% of voting rights now held through a combination of shares and financial instruments as of June 27, 2024. This indicates a noteworthy shift in the company’s ownership structure, as Bank of America’s previous notification reflected a total of approximately 9.3% of voting rights. The detailed notification includes various types of financial instruments such as physical swaps and cash-settled swaps, which contribute to the overall voting rights percentage.
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