Holding(s) in Company

Drax Group PLC
12 September 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

08-Sep-2023

6. Date on which Issuer notified

11-Sep-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

3.117646

6.719062

9.836708

37925909

Position of previous notification (if applicable)

2.479843

7.352148

9.831991


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


12020240


3.117646

Sub Total 8.A

12020240

3.117646%

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

400210

0.103801

Sub Total 8.B1


400210

0.103801%

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

455219

0.118069

Swaps

01/03/2024

N/A

Cash

4000000

1.037466

Swaps

30/08/2024

N/A

Cash

823984

0.213714

Swaps

08/09/2025

N/A

Cash

43728

0.011342

Swaps

24/01/2025

N/A

Cash

734946

0.190620

Swaps

07/11/2025

N/A

Cash

1427341

0.370204

Swaps

06/03/2026

N/A

Cash

275591

0.071479

Swaps

18/09/2023

N/A

Cash

1736320

0.450343

Swaps

29/04/2024

N/A

Cash

639438

0.165849

Swaps

17/05/2024

N/A

Cash

2802322

0.726828

Swaps

26/05/2026

N/A

Cash

579478

0.150297

Swaps

29/09/2023

N/A

Cash

42006

0.010895

Swaps

28/06/2024

N/A

Cash

230701

0.059836

Swaps

31/10/2023

N/A

Cash

23114

0.005995

Swaps

18/11/2024

N/A

Cash

140136

0.036347

Swaps

08/07/2024

N/A

Cash

742830

0.192665

Swaps

13/06/2024

N/A

Cash

85019

0.022051

Swaps

31/01/2024

N/A

Cash

32196

0.008351

Swaps

24/04/2024

N/A

Cash

13023

0.003378

Swaps

02/07/2024

N/A

Cash

94544

0.024522

Swaps

19/09/2023

N/A

Cash

4603738

1.194055

Swaps

23/10/2024

N/A

Cash

1004939

0.260647

Swaps

29/11/2024

N/A

Cash

57951

0.015031

Swaps

26/02/2025

N/A

Cash

3322

0.000862

Swaps

18/04/2024

N/A

Cash

4819172

1.249931

Swaps

18/03/2026

N/A

Cash

83087

0.021550

Swaps

15/02/2028

N/A

Cash

11314

0.002934

Sub Total 8.B2


25505459

6.615261%

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, National Association


3.141991

3.141991%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

3.099082

3.551886

6.650968%

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

11-Sep-2023

13. Place Of Completion

United Kingdom

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