Holding(s) in Company

Drax Group PLC

27 October 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

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-Oct-2023

6. Date on which Issuer notified

26-Oct-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	3.676125	8.225473	11.901598	45766727
Position of previous notification (if applicable)	3.756573	8.330372	12.086945

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		14136271		3.676125
Sub Total 8.A	14136271		3.676125%

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	1355913	0.352604
Physical Swap	16/05/2024	n/a	6770466	1.760654
Physical Swap	15/05/2024	n/a	1971918	0.512796
Sub Total 8.B1			10098297	2.626054%

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	143138	0.037223
Swaps	01/03/2024	N/A	Cash	4000000	1.040196
Swaps	30/08/2024	N/A	Cash	1558086	0.405179
Swaps	08/09/2025	N/A	Cash	43728	0.011371
Swaps	07/11/2025	N/A	Cash	1367519	0.355622
Swaps	06/03/2026	N/A	Cash	56083	0.014584
Swaps	29/04/2024	N/A	Cash	13023	0.003387
Swaps	17/05/2024	N/A	Cash	3946322	1.026238
Swaps	26/05/2026	N/A	Cash	1984516	0.516072
Swaps	28/06/2024	N/A	Cash	230701	0.059994
Swaps	18/11/2024	N/A	Cash	383413	0.099706
Swaps	31/01/2024	N/A	Cash	42498	0.011052
Swaps	24/04/2024	N/A	Cash	13023	0.003387
Swaps	02/07/2024	N/A	Cash	2636	0.000685
Swaps	23/10/2024	N/A	Cash	1004939	0.261334
Swaps	18/04/2024	N/A	Cash	4819172	1.253221
Swaps	15/02/2028	N/A	Cash	1011822	0.263123
Swaps	21/10/2024	N/A	Cash	317774	0.082637
Swaps	30/09/2024	N/A	Cash	498991	0.129762
Swaps	15/02/2024	N/A	Cash	49195	0.012793
Swaps	31/10/2024	N/A	Cash	42322	0.011006
Swaps	24/06/2024	N/A	Cash	3258	0.000847
Sub Total 8.B2				21532159	5.599419%

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		3.758063	3.758063%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.668016	4.458213	8.126229%

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-Oct-2023

13. Place Of Completion

United Kingdom

 

END