Holding(s) in Company

Drax Group PLC

12 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

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

08-Sep-2023

6. Date on which Issuer notified

11-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	3.117646	6.719062	9.836708	37925909
Position of previous notification (if applicable)	2.479843	7.352148	9.831991

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		12020240		3.117646
Sub Total 8.A	12020240		3.117646%

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	400210	0.103801
Sub Total 8.B1			400210	0.103801%

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	455219	0.118069
Swaps	01/03/2024	N/A	Cash	4000000	1.037466
Swaps	30/08/2024	N/A	Cash	823984	0.213714
Swaps	08/09/2025	N/A	Cash	43728	0.011342
Swaps	24/01/2025	N/A	Cash	734946	0.190620
Swaps	07/11/2025	N/A	Cash	1427341	0.370204
Swaps	06/03/2026	N/A	Cash	275591	0.071479
Swaps	18/09/2023	N/A	Cash	1736320	0.450343
Swaps	29/04/2024	N/A	Cash	639438	0.165849
Swaps	17/05/2024	N/A	Cash	2802322	0.726828
Swaps	26/05/2026	N/A	Cash	579478	0.150297
Swaps	29/09/2023	N/A	Cash	42006	0.010895
Swaps	28/06/2024	N/A	Cash	230701	0.059836
Swaps	31/10/2023	N/A	Cash	23114	0.005995
Swaps	18/11/2024	N/A	Cash	140136	0.036347
Swaps	08/07/2024	N/A	Cash	742830	0.192665
Swaps	13/06/2024	N/A	Cash	85019	0.022051
Swaps	31/01/2024	N/A	Cash	32196	0.008351
Swaps	24/04/2024	N/A	Cash	13023	0.003378
Swaps	02/07/2024	N/A	Cash	94544	0.024522
Swaps	19/09/2023	N/A	Cash	4603738	1.194055
Swaps	23/10/2024	N/A	Cash	1004939	0.260647
Swaps	29/11/2024	N/A	Cash	57951	0.015031
Swaps	26/02/2025	N/A	Cash	3322	0.000862
Swaps	18/04/2024	N/A	Cash	4819172	1.249931
Swaps	18/03/2026	N/A	Cash	83087	0.021550
Swaps	15/02/2028	N/A	Cash	11314	0.002934
Sub Total 8.B2				25505459	6.615261%

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		3.141991	3.141991%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.099082	3.551886	6.650968%

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

11-Sep-2023

13. Place Of Completion

United Kingdom

 

END