Drax Group plc (GB:DRX) has released an update.
Drax Group PLC has reported a significant change in share ownership following Bank of America Corporation’s acquisition or disposal of financial instruments, leading to a new combined total of approximately 12.23% of voting rights. The transaction, which includes both direct shares and financial instruments such as physical swaps and cash-settled swaps, was officially crossed on April 19, 2024, and reported to the issuer on April 22, 2024. This strategic move could indicate a shift in the company’s shareholder structure and potential future influence by Bank of America Corporation.
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