Holding(s) in Company

Drax Group PLC

29 August 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; 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

Name	City of registered office	Country of registered office
Merrill Lynch International	London	United Kingdom

5. Date on which the threshold was crossed or reached

23-Aug-2023

6. Date on which Issuer notified

24-Aug-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	3.041061	6.249908	9.290969	36190006
Position of previous notification (if applicable)	2.737062	5.991115	8.728177

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		11845488		3.041061
Sub Total 8.A	11845488		3.041061%

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	464737	0.119311
Sub Total 8.B1			464737	0.119311%

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	586613	0.150600
Swaps	01/03/2024	N/A	Cash	4000000	1.026910
Swaps	30/08/2024	N/A	Cash	802228	0.205954
Swaps	04/09/2023	N/A	Cash	3953052	1.014857
Swaps	08/09/2025	N/A	Cash	43728	0.011226
Swaps	24/01/2025	N/A	Cash	734946	0.188681
Swaps	07/11/2025	N/A	Cash	1484947	0.381227
Swaps	06/03/2026	N/A	Cash	279408	0.071732
Swaps	18/09/2023	N/A	Cash	1736320	0.445761
Swaps	29/04/2024	N/A	Cash	639438	0.164161
Swaps	17/05/2024	N/A	Cash	2291908	0.588396
Swaps	26/05/2026	N/A	Cash	329180	0.084510
Swaps	29/09/2023	N/A	Cash	42006	0.010784
Swaps	28/06/2024	N/A	Cash	200452	0.051462
Swaps	31/10/2023	N/A	Cash	20513	0.005266
Swaps	18/11/2024	N/A	Cash	112357	0.028845
Swaps	08/07/2024	N/A	Cash	742830	0.190705
Swaps	13/06/2024	N/A	Cash	59869	0.015370
Swaps	31/01/2024	N/A	Cash	31201	0.008010
Swaps	24/04/2024	N/A	Cash	13023	0.003343
Swaps	17/07/2028	N/A	Cash	2319	0.000595
Swaps	02/07/2024	N/A	Cash	115047	0.029536
Swaps	24/06/2024	N/A	Cash	22676	0.005822
Swaps	19/09/2023	N/A	Cash	4603738	1.181906
Swaps	23/10/2024	N/A	Cash	1004939	0.257995
Swaps	29/11/2024	N/A	Cash	6454	0.001657
Swaps	30/01/2024	N/A	Cash	5612	0.001441
Swaps	26/02/2025	N/A	Cash	13532	0.003474
Swaps	15/09/2028	N/A	Cash	1445	0.000371
Sub Total 8.B2				23879781	6.130597%

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		3.003771	3.003771%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.026801	3.221705	6.248506%

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

24-Aug-2023

13. Place Of Completion

United Kingdom

 

END