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Bank of America’s Major Stake in Drax Group
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Bank of America’s Major Stake in Drax Group

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

Drax Group PLC has reported a significant change in share ownership as Bank of America Corporation crossed a major holding threshold on April 29, 2024. The total voting rights now associated with Bank of America’s shares and financial instruments in Drax Group PLC combine to 12.565869%. The detailed notification includes changes in various types of financial instruments such as physical swaps and cash-settled swaps with upcoming expiration dates throughout 2024 and 2025.

For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.

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