Holding(s) in Company

Drax Group PLC
12 January 2024
 

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

11-Jan-2024

6. Date on which Issuer notified

12-Jan-2024

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

4.100964

7.976079

12.077043

46456147

Position of previous notification (if applicable)

3.892533

7.951666

11.844199


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


15774966


4.100964

Sub Total 8.A

15774966

4.100964%

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

188334

0.048961

Physical Swap

16/05/2024

N/A

6770466

1.760095

Physical Swap

15/05/2024

N/A

1971918

0.512633

Sub Total 8.B1


8930718

2.321689%

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

809698

0.210494

Swaps

01/03/2024

N/A

Cash

4000000

1.039866

Swaps

30/08/2024

N/A

Cash

1576454

0.409825

Swaps

07/11/2025

N/A

Cash

1061864

0.276049

Swaps

17/05/2024

N/A

Cash

3621705

0.941522

Swaps

26/05/2026

N/A

Cash

2163876

0.562535

Swaps

18/11/2024

N/A

Cash

197553

0.051357

Swaps

24/04/2024

N/A

Cash

118

0.000031

Swaps

02/07/2024

N/A

Cash

50389

0.013099

Swaps

23/10/2024

N/A

Cash

1004939

0.261251

Swaps

18/04/2024

N/A

Cash

5804998

1.509105

Swaps

15/02/2024

N/A

Cash

1428

0.000371

Swaps

31/10/2024

N/A

Cash

61395

0.015961

Swaps

29/11/2024

N/A

Cash

43686

0.011357

Swaps

24/06/2024

N/A

Cash

204308

0.053113

Swaps

15/12/2028

N/A

Cash

12665

0.003292

Swaps

23/07/2024

N/A

Cash

1118599

0.290798

Swaps

06/05/2025

N/A

Cash

5400

0.001404

Swaps

31/01/2024

N/A

Cash

7522

0.001955

Swaps

10/07/2025

N/A

Cash

61

0.000016

Swaps

11/07/2025

N/A

Cash

3805

0.000989

Sub Total 8.B2


21750463

5.654390%

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


3.983598

3.983598%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

4.094618

3.981190

8.075807%

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

12-Jan-2024

13. Place Of Completion

United Kingdom

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END
 
 
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