Holding(s) in Company

Drax Group PLC
20 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

18-Sep-2023

6. Date on which Issuer notified

19-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

3.193955

6.703710

9.897665

38059747

Position of previous notification (if applicable)

2.883997

7.439199

10.323196


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


12281795


3.193955

Sub Total 8.A

12281795

3.193955%

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

1253544

0.325992

Sub Total 8.B1


1253544

0.325992%

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

513493

0.133537

Swaps

01/03/2024

N/A

Cash

4000000

1.040224

Swaps

30/08/2024

N/A

Cash

1566364

0.407342

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

1259430

0.327522

Swaps

06/03/2026

N/A

Cash

226737

0.058964

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

363254

0.094466

Swaps

29/09/2023

N/A

Cash

421436

0.109597

Swaps

28/06/2024

N/A

Cash

230701

0.059995

Swaps

31/10/2023

N/A

Cash

24683

0.006419

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

8226

0.002139

Swaps

24/04/2024

N/A

Cash

13023

0.003387

Swaps

02/07/2024

N/A

Cash

65797

0.017111

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

19974

0.005194

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

910168

0.236695

Swaps

24/06/2024

N/A

Cash

874

0.000227

Sub Total 8.B2


24524408

6.377718%

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


3.059302

3.059302%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

3.167368

3.635299

6.802667%

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

19-Sep-2023

13. Place Of Completion

United Kingdom

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END
 
 
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