Holding(s) in Company

Drax Group PLC
30 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 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

28-Jun-2023

6. Date on which Issuer notified

29-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

2.739053

5.935724

8.674777

34657863

Position of previous notification (if applicable)

2.599230

6.053514

8.652744


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


10943188


2.739053

Sub Total 8.A

10943188

2.739053%

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

196923

0.049289

Sub Total 8.B1


196923

0.049289%

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

557476

0.139535

Swaps

15/02/2028

N/A

Cash

9577

0.002397

Swaps

01/03/2024

N/A

Cash

4179450

1.046106

Swaps

30/08/2024

N/A

Cash

10687

0.002675

Swaps

15/02/2024

N/A

Cash

43525

0.010894

Swaps

29/11/2024

N/A

Cash

25541

0.006393

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

08/09/2025

N/A

Cash

43728

0.010945

Swaps

02/08/2023

N/A

Cash

623580

0.156081

Swaps

02/07/2024

N/A

Cash

13853

0.003467

Swaps

24/01/2025

N/A

Cash

820292

0.205317

Swaps

07/11/2025

N/A

Cash

830688

0.207919

Swaps

06/03/2026

N/A

Cash

350401

0.087705

Swaps

18/09/2023

N/A

Cash

1736320

0.434597

Swaps

29/04/2024

N/A

Cash

626415

0.156790

Swaps

17/05/2024

N/A

Cash

878908

0.219989

Swaps

26/05/2026

N/A

Cash

99763

0.024970

Swaps

29/09/2023

N/A

Cash

67132

0.016803

Swaps

28/06/2024

N/A

Cash

162340

0.040633

Swaps

31/10/2023

N/A

Cash

12595

0.003152

Swaps

18/11/2024

N/A

Cash

8805

0.002204

Swaps

08/07/2024

N/A

Cash

742830

0.185929

Swaps

30/12/2024

N/A

Cash

3604

0.000902

Sub Total 8.B2


23517752

5.886435%

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


3.067438

5.798317%

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

29-Jun-2023

13. Place Of Completion

United Kingdom

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Drax Group (DRX)
UK 100

Latest directors dealings