Holding(s) in Company

Drax Group PLC
30 April 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 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-Apr-2024

6. Date on which Issuer notified

26-Apr-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

4.772174

8.039215

12.811389

49535323

Position of previous notification (if applicable)

4.735247

7.505851

12.241098


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


18451645


4.772174

Sub Total 8.A

18451645

4.772174%

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

59167

0.015302

Physical Swap

15/05/2024

n/a

1971918

0.510000

Physical Swap

16/05/2024

n/a

6770466

1.751055

Sub Total 8.B1


8801551

2.276357%

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

17/05/2024

N/A

Cash

3621705

0.936687

Swaps

02/07/2024

N/A

Cash

274170

0.070909

Swaps

23/07/2024

N/A

Cash

4398599

1.137616

Swaps

31/07/2024

N/A

Cash

920334

0.238027

Swaps

08/08/2024

N/A

Cash

291538

0.075401

Swaps

31/10/2024

N/A

Cash

85065

0.022000

Swaps

18/11/2024

N/A

Cash

199846

0.051686

Swaps

31/01/2025

N/A

Cash

1071

0.000277

Swaps

03/03/2025

N/A

Cash

3503197

0.906037

Swaps

01/04/2025

N/A

Cash

84450

0.021841

Swaps

08/04/2025

N/A

Cash

12469

0.003225

Swaps

22/04/2025

N/A

Cash

4146000

1.072286

Swaps

28/04/2025

N/A

Cash

25293

0.006542

Swaps

06/05/2025

N/A

Cash

134290

0.034732

Swaps

15/09/2025

N/A

Cash

38872

0.010054

Swaps

24/10/2025

N/A

Cash

983

0.000254

Swaps

27/10/2025

N/A

Cash

2911

0.000753

Swaps

07/11/2025

N/A

Cash

1561706

0.403906

Swaps

16/02/2026

N/A

Cash

18918

0.004893

Swaps

06/03/2026

N/A

Cash

189665

0.049053

Swaps

18/03/2026

N/A

Cash

253369

0.065529

Swaps

26/05/2026

N/A

Cash

2517676

0.651150

Sub Total 8.B2


22282127

5.762858%

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

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

4.767161

4.964837

9.731998%

Bank of America Corporation

Bank of America, National Association


3.067934

3.067934%

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-Apr-2024

13. Place Of Completion

United Kingdom

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings