Holding(s) in Company

Drax Group PLC
30 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; 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

26-Jan-2024

6. Date on which Issuer notified

29-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

4.013891

7.551882

11.565773

44489462

Position of previous notification (if applicable)

3.650535

8.267036

11.917571


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


15440029


4.013891

Sub Total 8.A

15440029

4.013891%

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

204617

0.053194

Physical Swap

16/05/2024

N/A

6770466

1.760095

Physical Swap

15/05/2024

N/A

1971918

0.512633

Sub Total 8.B1


8947001

2.325922%

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

2410684

0.626697

Swaps

01/03/2024

N/A

Cash

2400000

0.623920

Swaps

30/08/2024

N/A

Cash

1558269

0.405098

Swaps

07/11/2025

N/A

Cash

939521

0.244244

Swaps

17/05/2024

N/A

Cash

3621705

0.941522

Swaps

26/05/2026

N/A

Cash

2294986

0.596620

Swaps

18/11/2024

N/A

Cash

140237

0.036457

Swaps

24/04/2024

N/A

Cash

118

0.000031

Swaps

02/07/2024

N/A

Cash

51623

0.013420

Swaps

23/10/2024

N/A

Cash

1004939

0.261251

Swaps

18/04/2024

N/A

Cash

2597438

0.675247

Swaps

15/02/2024

N/A

Cash

13013

0.003383

Swaps

31/10/2024

N/A

Cash

63606

0.016535

Swaps

29/11/2024

N/A

Cash

438

0.000114

Swaps

24/06/2024

N/A

Cash

280753

0.072986

Swaps

15/12/2028

N/A

Cash

12665

0.003292

Swaps

23/07/2024

N/A

Cash

2530599

0.657871

Swaps

06/05/2025

N/A

Cash

12371

0.003216

Swaps

02/12/2024

N/A

Cash

3663

0.000952

Swaps

18/03/2026

N/A

Cash

146068

0.037973

Swaps

15/02/2028

N/A

Cash

19313

0.005021

Swaps

25/02/2025

N/A

Cash

240

0.000062

Swaps

24/07/2025

N/A

Cash

183

0.000048

Sub Total 8.B2


20102432

5.225960%

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


3.375866

3.375866%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

4.010567

4.161582

8.172148%

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

29-Jan-2024

13. Place Of Completion

United Kingdom

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END
 
 
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