Holding(s) in Company

Drax Group PLC
27 October 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 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

25-Oct-2023

6. Date on which Issuer notified

26-Oct-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

3.676125

8.225473

11.901598

45766727

Position of previous notification (if applicable)

3.756573

8.330372

12.086945


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


14136271


3.676125

Sub Total 8.A

14136271

3.676125%

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

1355913

0.352604

Physical Swap

16/05/2024

n/a

6770466

1.760654

Physical Swap

15/05/2024

n/a

1971918

0.512796

Sub Total 8.B1


10098297

2.626054%

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

143138

0.037223

Swaps

01/03/2024

N/A

Cash

4000000

1.040196

Swaps

30/08/2024

N/A

Cash

1558086

0.405179

Swaps

08/09/2025

N/A

Cash

43728

0.011371

Swaps

07/11/2025

N/A

Cash

1367519

0.355622

Swaps

06/03/2026

N/A

Cash

56083

0.014584

Swaps

29/04/2024

N/A

Cash

13023

0.003387

Swaps

17/05/2024

N/A

Cash

3946322

1.026238

Swaps

26/05/2026

N/A

Cash

1984516

0.516072

Swaps

28/06/2024

N/A

Cash

230701

0.059994

Swaps

18/11/2024

N/A

Cash

383413

0.099706

Swaps

31/01/2024

N/A

Cash

42498

0.011052

Swaps

24/04/2024

N/A

Cash

13023

0.003387

Swaps

02/07/2024

N/A

Cash

2636

0.000685

Swaps

23/10/2024

N/A

Cash

1004939

0.261334

Swaps

18/04/2024

N/A

Cash

4819172

1.253221

Swaps

15/02/2028

N/A

Cash

1011822

0.263123

Swaps

21/10/2024

N/A

Cash

317774

0.082637

Swaps

30/09/2024

N/A

Cash

498991

0.129762

Swaps

15/02/2024

N/A

Cash

49195

0.012793

Swaps

31/10/2024

N/A

Cash

42322

0.011006

Swaps

24/06/2024

N/A

Cash

3258

0.000847

Sub Total 8.B2


21532159

5.599419%

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


3.758063

3.758063%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

3.668016

4.458213

8.126229%

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

26-Oct-2023

13. Place Of Completion

United Kingdom

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