Holding(s) in Company

Drax Group PLC
24 May 2023
 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B1VNSX38

Issuer Name

DRAX GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Bank of America Corporation

City of registered office (if applicable)

 

Country of registered office (if applicable)

US

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

22-May-2023

6. Date on which Issuer notified

23-May-2023

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

2.338218

6.457988

8.796206

35446394

Position of previous notification (if applicable)

2.565944

5.486323

8.052267


8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00B1VNSX38


9422402


2.338218

Sub Total 8.A

9422402

2.338218%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

Right to recall

N/A

N/A

1629234

0.404303

Sub Total 8.B1


1629234

0.404303%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

Swaps

31/07/2024

N/A

Cash

471940

0.117114

Swaps

15/02/2028

N/A

Cash

99091

0.024590

Swaps

01/03/2024

N/A

Cash

4164966

1.033558

Swaps

18/03/2026

N/A

Cash

1

0.000000

Swaps

30/08/2024

N/A

Cash

23229

0.005764

Swaps

18/11/2024

N/A

Cash

87153

0.021627

Swaps

15/02/2024

N/A

Cash

10884

0.002701

Swaps

17/04/2028

N/A

Cash

10589

0.002628

Swaps

29/11/2024

N/A

Cash

55512

0.013776

Swaps

21/07/2023

N/A

Cash

6594046

1.636347

Swaps

04/09/2023

N/A

Cash

3953052

0.980970

Swaps

19/07/2023

N/A

Cash

1123144

0.278714

Swaps

23/10/2024

N/A

Cash

822620

0.204137

Swaps

08/09/2025

N/A

Cash

43728

0.010851

Swaps

02/08/2023

N/A

Cash

1195385

0.296641

Swaps

30/01/2024

N/A

Cash

543910

0.134974

Swaps

31/01/2024

N/A

Cash

196708

0.048814

Swaps

30/04/2024

N/A

Cash

5851

0.001452

Swaps

02/07/2024

N/A

Cash

20430

0.005070

Swaps

24/01/2025

N/A

Cash

817266

0.202809

Swaps

07/11/2025

N/A

Cash

210129

0.052145

Swaps

06/03/2026

N/A

Cash

98740

0.024503

Swaps

31/10/2023

N/A

Cash

285

0.000071

Swaps

18/09/2023

N/A

Cash

606000

0.150382

Swaps

29/04/2024

N/A

Cash

626415

0.155448

Swaps

17/05/2024

N/A

Cash

2612945

0.648416

Swaps

24/06/2024

N/A

Cash

739

0.000183

Sub Total 8.B2


24394758

6.053685%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Bank of America Corporation

Bank of America, NA




Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International


3.591360

5.929053%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

23-May-2023

13. Place Of Completion

United Kingdom

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END
 
 

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Drax Group (DRX)
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