Drax Group plc (GB:DRX) has released an update.
In a major financial move, Bank of America Corporation has adjusted its stake in Drax Group PLC, with an acquisition or disposal of financial instruments leading to a new total of approximately 9.22% voting rights. This significant change, which crossed the notification threshold on July 1, 2024, comprises both direct voting rights and various financial instruments such as physical and cash-settled swaps. The transaction has positioned Bank of America Corporation as a noteworthy shareholder in the UK-based energy company.
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