Holding(s) in Company

Drax Group PLC
06 June 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 voting rights

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

01-Jun-2023

6. Date on which Issuer notified

02-Jun-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

2.291969

6.690772

8.982741

35888257

Position of previous notification (if applicable)

2.742622

6.393323

9.135945


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


9156980


2.291969

Sub Total 8.A

9156980

2.291969%

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

2222510

0.556289

Sub Total 8.B1


2222510

0.556289%

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

816933

0.204476

Swaps

15/02/2028

N/A

Cash

11123

0.002784

Swaps

01/03/2024

N/A

Cash

4179450

1.046106

Swaps

18/03/2026

N/A

Cash

1

0.000000

Swaps

30/08/2024

N/A

Cash

37615

0.009415

Swaps

18/11/2024

N/A

Cash

244

0.000061

Swaps

15/02/2024

N/A

Cash

42535

0.010646

Swaps

29/11/2024

N/A

Cash

90328

0.022609

Swaps

21/07/2023

N/A

Cash

6594046

1.650473

Swaps

04/09/2023

N/A

Cash

3953052

0.989439

Swaps

19/07/2023

N/A

Cash

1123144

0.281120

Swaps

23/10/2024

N/A

Cash

822620

0.205900

Swaps

08/09/2025

N/A

Cash

43728

0.010945

Swaps

02/08/2023

N/A

Cash

1195385

0.299202

Swaps

30/01/2024

N/A

Cash

494419

0.123752

Swaps

31/01/2024

N/A

Cash

32656

0.008174

Swaps

02/07/2024

N/A

Cash

13853

0.003467

Swaps

24/01/2025

N/A

Cash

817266

0.204560

Swaps

07/11/2025

N/A

Cash

365527

0.091491

Swaps

06/03/2026

N/A

Cash

239346

0.059908

Swaps

31/10/2023

N/A

Cash

255

0.000064

Swaps

18/09/2023

N/A

Cash

606000

0.151680

Swaps

29/04/2024

N/A

Cash

626415

0.156790

Swaps

17/05/2024

N/A

Cash

2058711

0.515290

Swaps

24/06/2024

N/A

Cash

10734

0.002687

Swaps

26/05/2026

N/A

Cash

194785

0.048754

Swaps

29/09/2023

N/A

Cash

41192

0.010310

Swaps

08/06/2023

N/A

Cash

31822

0.007965

Swaps

28/06/2024

N/A

Cash

65582

0.016415

Sub Total 8.B2


24508767

6.134483%

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


3.692348

5.968536%

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

02-Jun-2023

13. Place Of Completion

United Kingdom

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END
 
 

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Drax Group (DRX)
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