Holding(s) in Company

Drax Group PLC
06 September 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 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

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

05-Sep-2023

6. Date on which Issuer notified

06-Sep-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

2.505847

6.367729

8.873576

34295461

Position of previous notification (if applicable)

3.037734

5.794356

8.832090


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


9684843


2.505847

Sub Total 8.A

9684843

2.505847%

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

2604049

0.673769

Sub Total 8.B1


2604049

0.673769%

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

880218

0.227747

Swaps

01/03/2024

N/A

Cash

4000000

1.034956

Swaps

30/08/2024

N/A

Cash

816564

0.211277

Swaps

08/09/2025

N/A

Cash

43728

0.011314

Swaps

24/01/2025

N/A

Cash

734946

0.190159

Swaps

07/11/2025

N/A

Cash

1454145

0.376244

Swaps

06/03/2026

N/A

Cash

279186

0.072236

Swaps

18/09/2023

N/A

Cash

1736320

0.449254

Swaps

29/04/2024

N/A

Cash

639438

0.165448

Swaps

17/05/2024

N/A

Cash

2291908

0.593006

Swaps

26/05/2026

N/A

Cash

592464

0.153294

Swaps

29/09/2023

N/A

Cash

42006

0.010869

Swaps

28/06/2024

N/A

Cash

200452

0.051865

Swaps

31/10/2023

N/A

Cash

21801

0.005641

Swaps

18/11/2024

N/A

Cash

197038

0.050981

Swaps

08/07/2024

N/A

Cash

742830

0.192199

Swaps

13/06/2024

N/A

Cash

85631

0.022156

Swaps

31/01/2024

N/A

Cash

32701

0.008461

Swaps

24/04/2024

N/A

Cash

13023

0.003370

Swaps

02/07/2024

N/A

Cash

102052

0.026405

Swaps

24/06/2024

N/A

Cash

430

0.000111

Swaps

19/09/2023

N/A

Cash

4603738

1.191167

Swaps

23/10/2024

N/A

Cash

1004939

0.260017

Swaps

29/11/2024

N/A

Cash

40389

0.010450

Swaps

26/02/2025

N/A

Cash

6082

0.001574

Swaps

15/09/2028

N/A

Cash

1445

0.000374

Swaps

18/04/2024

N/A

Cash

1420000

0.367409

Swaps

18/03/2026

N/A

Cash

23095

0.005976

Sub Total 8.B2


22006569

5.693960%

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, NA




Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International


3.569751

6.059435%

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

06-Sep-2023

13. Place Of Completion

United Kingdom

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