Holding(s) in Company

Drax Group PLC
19 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

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

15-Sep-2023

6. Date on which Issuer notified

18-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

2.883997

7.439199

10.323196

39696046

Position of previous notification (if applicable)

3.552106

6.848081

10.400187


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


11089905


2.883997

Sub Total 8.A

11089905

2.883997%

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

2047416

0.532443

Sub Total 8.B1


2047416

0.532443%

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

665681

0.173114

Swaps

01/03/2024

N/A

Cash

4000000

1.040224

Swaps

30/08/2024

N/A

Cash

1577833

0.410325

Swaps

08/09/2025

N/A

Cash

43728

0.011372

Swaps

24/01/2025

N/A

Cash

734946

0.191127

Swaps

07/11/2025

N/A

Cash

1295144

0.336810

Swaps

06/03/2026

N/A

Cash

259904

0.067590

Swaps

18/09/2023

N/A

Cash

1736320

0.451540

Swaps

29/04/2024

N/A

Cash

13023

0.003387

Swaps

17/05/2024

N/A

Cash

2802322

0.728761

Swaps

26/05/2026

N/A

Cash

363488

0.094527

Swaps

29/09/2023

N/A

Cash

415728

0.108113

Swaps

28/06/2024

N/A

Cash

230701

0.059995

Swaps

31/10/2023

N/A

Cash

24288

0.006316

Swaps

18/11/2024

N/A

Cash

123944

0.032232

Swaps

08/07/2024

N/A

Cash

742830

0.193177

Swaps

31/01/2024

N/A

Cash

31721

0.008249

Swaps

24/04/2024

N/A

Cash

13023

0.003387

Swaps

02/07/2024

N/A

Cash

76255

0.019831

Swaps

19/09/2023

N/A

Cash

4603738

1.197230

Swaps

23/10/2024

N/A

Cash

1004939

0.261340

Swaps

29/11/2024

N/A

Cash

47192

0.012273

Swaps

18/04/2024

N/A

Cash

4819172

1.253255

Swaps

18/03/2026

N/A

Cash

11606

0.003018

Swaps

15/02/2028

N/A

Cash

921199

0.239563

Sub Total 8.B2


26558725

6.906756%

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


3.304892

3.304892%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International


4.114588

6.988540%

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

18-Sep-2023

13. Place Of Completion

United Kingdom

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END
 
 
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