Holding(s) in Company

Drax Group PLC

30 November 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

28-Nov-2023

6. Date on which Issuer notified

29-Nov-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	3.684012	8.309933	11.993945	46125704
Position of previous notification (if applicable)	3.687804	8.327775	12.015579

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		14167785		3.684012
Sub Total 8.A	14167785		3.684012%

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	377333	0.098117
Physical Swap	16/05/2024	N/A	6770466	1.760506
Physical Swap	15/05/2024	N/A	1971918	0.512753
Sub Total 8.B1			9119717	2.371376%

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	116986	0.030420
Swaps	01/03/2024	N/A	Cash	4000000	1.040109
Swaps	30/08/2024	N/A	Cash	1611717	0.419090
Swaps	08/09/2025	N/A	Cash	32414	0.008429
Swaps	07/11/2025	N/A	Cash	1278058	0.332330
Swaps	29/04/2024	N/A	Cash	13278	0.003453
Swaps	17/05/2024	N/A	Cash	3946322	1.026152
Swaps	26/05/2026	N/A	Cash	2310080	0.600684
Swaps	28/06/2024	N/A	Cash	230701	0.059989
Swaps	18/11/2024	N/A	Cash	550927	0.143256
Swaps	24/04/2024	N/A	Cash	13023	0.003386
Swaps	02/07/2024	N/A	Cash	15585	0.004053
Swaps	23/10/2024	N/A	Cash	1004939	0.261312
Swaps	18/04/2024	N/A	Cash	5804998	1.509458
Swaps	15/02/2028	N/A	Cash	822942	0.213987
Swaps	21/10/2024	N/A	Cash	349141	0.090786
Swaps	30/09/2024	N/A	Cash	498991	0.129751
Swaps	15/02/2024	N/A	Cash	43391	0.011283
Swaps	31/10/2024	N/A	Cash	55375	0.014399
Swaps	29/11/2024	N/A	Cash	124545	0.032385
Swaps	27/05/2025	N/A	Cash	2305	0.000599
Swaps	12/06/2025	N/A	Cash	9539	0.002480
Swaps	24/06/2024	N/A	Cash	687	0.000179
Swaps	28/05/2025	N/A	Cash	2258	0.000587
Sub Total 8.B2				22838202	5.938557%

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		3.930356	3.930356%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.661612	4.375641	8.037253%

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

29-Nov-2023

13. Place Of Completion

United Kingdom

 

END