Holding(s) in Company

Drax Group PLC

18 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

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

14-Sep-2023

6. Date on which Issuer notified

15-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	3.552106	6.848081	10.400187	40015926
Position of previous notification (if applicable)	3.117646	6.719062	9.836708

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		13667144		3.552106
Sub Total 8.A	13667144		3.552106%

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	1334601	0.346864
Sub Total 8.B1			1334601	0.346864%

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	150637	0.039151
Swaps	01/03/2024	N/A	Cash	4000000	1.039605
Swaps	30/08/2024	N/A	Cash	1581406	0.411009
Swaps	08/09/2025	N/A	Cash	43728	0.011365
Swaps	24/01/2025	N/A	Cash	734946	0.191013
Swaps	07/11/2025	N/A	Cash	1331999	0.346188
Swaps	06/03/2026	N/A	Cash	275591	0.071626
Swaps	18/09/2023	N/A	Cash	1736320	0.451272
Swaps	29/04/2024	N/A	Cash	13023	0.003385
Swaps	17/05/2024	N/A	Cash	2802322	0.728327
Swaps	26/05/2026	N/A	Cash	500432	0.130063
Swaps	29/09/2023	N/A	Cash	43728	0.011365
Swaps	28/06/2024	N/A	Cash	230701	0.059959
Swaps	31/10/2023	N/A	Cash	23812	0.006189
Swaps	18/11/2024	N/A	Cash	129486	0.033654
Swaps	08/07/2024	N/A	Cash	742830	0.193062
Swaps	13/06/2024	N/A	Cash	20810	0.005409
Swaps	31/01/2024	N/A	Cash	10391	0.002701
Swaps	24/04/2024	N/A	Cash	13023	0.003385
Swaps	02/07/2024	N/A	Cash	83828	0.021787
Swaps	19/09/2023	N/A	Cash	4603738	1.196517
Swaps	23/10/2024	N/A	Cash	1004939	0.261185
Swaps	29/11/2024	N/A	Cash	55732	0.014485
Swaps	18/04/2024	N/A	Cash	4819172	1.252508
Swaps	18/03/2026	N/A	Cash	34701	0.009019
Swaps	15/02/2028	N/A	Cash	11031	0.002867
Swaps	14/03/2025	N/A	Cash	23	0.000006
Swaps	12/03/2025	N/A	Cash	15832	0.004115
Sub Total 8.B2				25014181	6.501217%

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		3.271433	3.271433%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.532617	3.562936	7.095553%

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

15-Sep-2023

13. Place Of Completion

United Kingdom

 

END