Holding(s) in Company

Drax Group PLC

08 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 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

07-Sep-2023

6. Date on which Issuer notified

08-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	2.479843	7.352148	9.831991	37923467
Position of previous notification (if applicable)	2.505847	6.367729	8.873576

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		9565124		2.479843
Sub Total 8.A	9565124		2.479843%

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	2568673	0.665951
Sub Total 8.B1			2568673	0.665951%

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	31/7/2024	N/A	Cash	736991	0.191071
Swaps	1/3/2024	N/A	Cash	4000000	1.037036
Swaps	30/8/2024	N/A	Cash	823984	0.213625
Swaps	8/9/2025	N/A	Cash	43728	0.011337
Swaps	24/1/2025	N/A	Cash	734946	0.190541
Swaps	7/11/2025	N/A	Cash	1446663	0.375060
Swaps	6/3/2026	N/A	Cash	275779	0.071498
Swaps	18/9/2023	N/A	Cash	1736320	0.450156
Swaps	29/4/2024	N/A	Cash	639438	0.165780
Swaps	17/5/2024	N/A	Cash	2802322	0.726527
Swaps	26/5/2026	N/A	Cash	593346	0.153830
Swaps	29/9/2023	N/A	Cash	42006	0.010890
Swaps	28/6/2024	N/A	Cash	230701	0.059811
Swaps	31/10/2023	N/A	Cash	22539	0.005843
Swaps	18/11/2024	N/A	Cash	170835	0.044290
Swaps	8/7/2024	N/A	Cash	742830	0.192585
Swaps	13/6/2024	N/A	Cash	85194	0.022087
Swaps	31/1/2024	N/A	Cash	32686	0.008474
Swaps	24/4/2024	N/A	Cash	13023	0.003376
Swaps	2/7/2024	N/A	Cash	102052	0.026458
Swaps	19/9/2023	N/A	Cash	4603738	1.193560
Swaps	23/10/2024	N/A	Cash	1004939	0.260539
Swaps	29/11/2024	N/A	Cash	57951	0.015024
Swaps	26/2/2025	N/A	Cash	5109	0.001325
Swaps	18/4/2024	N/A	Cash	4819172	1.249413
Swaps	18/3/2026	N/A	Cash	23095	0.005988
Swaps	15/2/2028	N/A	Cash	283	0.000073
Sub Total 8.B2				25789670	6.686197%

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		3.179012	3.179012%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International		4.146000	6.609255%

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

08-Sep-2023

13. Place Of Completion

United Kingdom

 

END