Holding(s) in Company

Drax Group PLC
31 January 2024
 

Le 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

29-Jan-2024

6. Date on which Issuer notified

30-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

3.574815

7.589432

11.164247

42944938

Position of previous notification (if applicable)

4.013891

7.551882

11.565773


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


13751057


3.574815

Sub Total 8.A

13751057

3.574815%

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

281420

0.073160

Physical Swap

16/05/2024

N/A

6770466

1.760095

Physical Swap

15/05/2024

N/A

1971918

0.512633

Sub Total 8.B1


9023804

2.345888%

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

2457018

0.638743

Swaps

01/03/2024

N/A

Cash

2400000

0.623920

Swaps

30/08/2024

N/A

Cash

1558556

0.405172

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

2308562

0.600149

Swaps

18/11/2024

N/A

Cash

139917

0.036374

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

15519

0.004034

Swaps

31/10/2024

N/A

Cash

62231

0.016178

Swaps

29/11/2024

N/A

Cash

1117

0.000290

Swaps

24/06/2024

N/A

Cash

292989

0.076167

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

2013

0.000523

Swaps

18/03/2026

N/A

Cash

146068

0.037973

Swaps

15/02/2028

N/A

Cash

14849

0.003860

Swaps

25/02/2025

N/A

Cash

240

0.000062

Swaps

24/07/2025

N/A

Cash

19

0.000005

Sub Total 8.B2


20170077

5.243544%

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


3.383654

3.383654%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

3.571207

4.191629

7.762836%

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

30-Jan-2024

13. Place Of Completion

United Kingdom

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