Drax Group plc (GB:DRX) has released an update.
Drax Group PLC has notified that Bank of America Corporation has undergone a significant change in shareholding, with a total of 10.031841% in voting rights as of May 31, 2024. This change is due to transactions in financial instruments, such as swaps, leading to a complex mix of direct and indirect voting rights held through various controlled undertakings. The notification emphasizes the resulting shift in investment power within Drax Group PLC, a key player in the energy sector.
For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.
