Holding(s) in Company

Drax Group PLC
06 July 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

04-Jul-2023

6. Date on which Issuer notified

05-Jul-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

2.955561

6.734938

9.690499

37864111

Position of previous notification (if applicable)

3.044779

6.135497

9.180276


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


11548390


2.955561

Sub Total 8.A

11548390

2.955561%

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

606877

0.155317

Sub Total 8.B1


606877

0.155317%

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

342464

0.087646

Swaps

01/03/2024

N/A

Cash

4179450

1.069640

Swaps

30/08/2024

N/A

Cash

799562

0.204631

Swaps

29/11/2024

N/A

Cash

145

0.000037

Swaps

21/07/2023

N/A

Cash

6594046

1.687603

Swaps

04/09/2023

N/A

Cash

3953052

1.011698

Swaps

19/07/2023

N/A

Cash

1123144

0.287444

Swaps

08/09/2025

N/A

Cash

43728

0.011191

Swaps

02/08/2023

N/A

Cash

623580

0.159592

Swaps

02/07/2024

N/A

Cash

13853

0.003545

Swaps

24/01/2025

N/A

Cash

820292

0.209936

Swaps

07/11/2025

N/A

Cash

1094219

0.280042

Swaps

06/03/2026

N/A

Cash

350401

0.089678

Swaps

18/09/2023

N/A

Cash

1736320

0.444374

Swaps

29/04/2024

N/A

Cash

626415

0.160317

Swaps

17/05/2024

N/A

Cash

2291908

0.586564

Swaps

26/05/2026

N/A

Cash

105365

0.026966

Swaps

29/09/2023

N/A

Cash

35424

0.009066

Swaps

28/06/2024

N/A

Cash

162340

0.041547

Swaps

31/10/2023

N/A

Cash

11520

0.002948

Swaps

18/11/2024

N/A

Cash

14113

0.003612

Swaps

08/07/2024

N/A

Cash

742830

0.190111

Swaps

03/01/2025

N/A

Cash

832

0.000213

Swaps

13/06/2024

N/A

Cash

43841

0.011220

Sub Total 8.B2


25708844

6.579621%

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


3.092655

3.092655%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International


3.625001

6.576426%

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

05-Jul-2023

13. Place Of Completion

United Kingdom

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END
 
 

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Drax Group (DRX)
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